People's Bank makes deal to keep 27 branches in Connecticut Stop & Shops

People's United Bank Friday announced it has made a deal with Stop & Shop to keep at least 27 in-store branches open inside Connecticut grocery stores.

News 12 Staff

Aug 6, 2021, 4:11 PM

Updated 1,073 days ago

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People's United Bank Friday announced it has made a deal with Stop & Shop to keep at least 27 in-store branches open inside Connecticut grocery stores.
The agreement was made based on factors including proximity to nearby traditional branches, transaction volume, customer feedback and input from community leaders.
Click here to see a list of the 27 Stop & Shop branches to remain open in Connecticut.
People's United Bank President Jeff Tengel said in a release, "We are pleased to have reached an agreement with Stop & Shop that will ensure customers in strategic locations state-wide maintain continued convenient access to in-store banking services, particularly in low- and moderate-income communities, where nearly half of the retained branches are located. We remain committed to serving our customers across the channels in which they prefer, including through our many digital banking capabilities and in our branches, now and once the merger with M&T Bank is complete. I want to thank Stop & Shop for their continued partnership."
Earlier this year, People's United Bank announced it was parting ways with Stop & Shop and would remove all its branches from the grocery chain due to "customer banking preferences and retail shopping behaviors significantly evolving."


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