BNET Industries

Market Cap:$5.7B
Last Fiscal Year Sales:$892.4M
  • Public
  • US
Dow Jones Description

People's United Financial, Inc. is a diversified financial services company providing consumer and commercial banking services through a network of more than 300 branches in Connecticut, Massachusetts, Vermont, New Hampshire, Maine and New York. Through its subsidiaries, People's United Financial provides equipment financing, asset-based lending, asset management, brokerage and financial advisory services, and insurance services.

President, Chief Executive Officer & Chief Financial Officer
Philip R. Sherringham
Number of Employees 2,416
Contact Information

850 Main Street

11th Floor

Bridgeport, Connecticut 06604

www.peoples.com

(203) 338-7171

NAICS Code Commercial Banking: 522110

Recent Events

  • Maxim Group LLC upgrades People's United Financial Inc. to 'buy'

    10/19/09 - Bond / Stock Rating - View Story

  • FBR Capital Markets and Co. reiterates People's United Financial Inc. at 'market perform'

    10/19/09 - Bond / Stock Rating - View Story

  • People's United Financial Q3 net income declines

    10/16/09 - Financial Announcement - View Story

  • People's United Financial Reports Third Quarter Earnings of $27 Million or $0.08 Per Share

    10/15/09 - Stock Split / Dividend - View Story

  • FTN Equity Cap Markets Corp. reiterates People's United Financial Inc. at 'buy'

    10/16/09 - Bond / Stock Rating - View Story

  • BRIEF-Goldman starts US northeast regional banks with cautious view

    9/28/09 - Bond / Stock Rating - View Story

  • People's United Financial Reports Second Quarter Earnings of $27 Million or $0.08 Per Share

    7/16/09 - Financial Announcement - View Story

News & Analysis

people's united financial inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Philip R. Sherringham President, Chief Executive Officer & Chief Financial Officer
Jacinta A. Coleman CIO & Executive Vice President
Brian Dreyer Executive Vice President, Commercial Banking
Bryan Huebner Executive Vice President, Consumer Financial Services
Hank Mandel Executive Vice President, Org Effectiveness
Mark Vitelli Executive Vice President, Credit Card Services
Robert D'Amore Executive Vice President, Marketing
William T. Kosturko General Counsel & Executive Vice President
Peter Scotch Senior Vice President, Product
Sara Longobardi Senior Vice President, Marketing
Christina M. Bliven First Vice President & Acting Controller
Cynthia P. Belak Vice President & Director, Marketing
Valerie Carlson Vice President, Corp Communications
Di Giorgio Manager, Communications
Collin P Baron Trustee

Board of Directors

Name (plus bio) Position
Eunice S Groark Board of Directors
George P Carter Board of Directors
Jack E McGregor Board of Directors
James A. Thomas Board of Directors
Janet M Hansen Board of Directors
Jeremiah J Lowney Board of Directors
Jerry Franklin Board of Directors
John K. Dwight Board of Directors
Mark W. Richards Board of Directors
Richard M. Hoyt Board of Directors

Organization Position Status
People's United Financial Inc. President, Chief Executive Officer & Chief Financial Officer Current
People's United Financial Inc. Board of Directors Current
People Inc. chief financial officer Former
People's United Financial Inc. Executive Vice President Former
Paris University undergraduate degree Former

Organization Position Status
People's United Financial Inc. CIO & Executive Vice President Current
People Inc. chief information officer Former
International Business Machines Corporation programmer analyst Former
PricewaterhouseCoopers management consultant Former
Wharton Graduate School of the University of Pennsylvania MBA Former
The State University of New York master's degree in computer science Former

Brian F. Dreyer is senior executive vice president, Commercial Banking at People's United Bank. He is responsible for all commercial and industrial lending and commercial mortgage loans. He also oversees correspondent banking and international services. As head of the Commercial Banking division, Dreyer also directs the management of People's Capital and Leasing Corp., an equipment financing company based in Waterbury. Dreyer joined People's United Bank in 1991. Previously he was executive vice president and senior lending officer at First Constitution, responsible for that bank's Commercial Lending and Commercial Mortgage divisions. Prior to leading the First Constitution lending operations, he spent 19 years as senior vice president and manager for commercial lending at BankBoston, Connecticut, where he managed cash management and workout departments as well as five commercial lending regions. Dreyer graduated from Boston University in 1968 and is a U.S. Army veteran.

Organization Position Status
People's United Financial Inc. Executive Vice President, Commercial Banking Current
People Inc. executive vice president, Commercial Banking Former

Organization Position Status
People's United Financial Inc. Executive Vice President, Consumer Financial Services Current
People Inc. manager of Human Resources and Strategic Planning Former

Henry R. (Hank) Mandel is executive vice president, Organization Effectiveness, at People's United Bank. Mandel oversees human resources, workforce planning, talent management, employee strategy, learning and development, and corporate communications. In 1998, Mandel came to People's United as first vice president responsible for divisional strategic planning, training, organization development, recruitment, human resources and quality assurance. In 1999, he was named senior vice president, Organization Effectiveness and Strategic Planning for the bank. Prior to joining People's United, Mandel owned and operated Creative Counsel, a consulting firm that designed, implemented and managed product, brand and corporate positioning programs. Mandel holds a bachelor's degree from Ithaca College and a master's degree in social work and organization behavior from Rutgers University. A long-time volunteer, Mandel is on the board of the Child Guidance Center of Greater Bridgeport; the New England Region board of directors for Inroads, a national minority-focused business internship program; and the Executive Committee of the board of directors, Fairfield Jewish Home for the Elderly.

Organization Position Status
People's United Financial Inc. Executive Vice President, Org Effectiveness Current
People Inc. executive vice president, Organization Effectiveness Former
Rutgers University master's degree in social work and organization behavior Former
Ithaca College bachelor's degree Former

Organization Position Status
People's United Financial Inc. Executive Vice President, Credit Card Services Current
People Inc. executive vice president, Direct Banking and Operations Former
People Inc. management trainee Former
Yale University bachelor's degree in economics and history Former

Robert R. (Bob) D'Amore is senior executive vice president of the Retail and Small Business Banking group for People's United Bank. He oversees the activities of the bank's branch network as well as consumer deposit products and residential and consumer lending areas. D'Amore also directs the organization's community relations efforts. A 27-year People's United veteran, D'Amore is focused on maintaining the success of the customer experience in People's United branches. He is responsible for the execution of People's United supermarket banking strategy - the most successful supermarket banking operation in the country. Previously, D'Amore led Retail Investor Services, focusing on consumers' total financial needs from banking to financial planning and investments. D'Amore joined People's United Bank in 1981 as a management trainee. He worked as an assistant branch manager and branch manager in the Milford area until he became assistant vice president, Training and Development. In 1989, he was made vice president, Residential Lending, in the Hartford Region and in 1991, returned to Bridgeport to become first vice president and manager, Mortgage Sales and Marketing. In 1996, he was named senior vice president, manager, Hartford Region. Prior to joining People's United Bank, D'Amore was a teacher in Milford and Hartford. He received bachelor's and master's degrees from Central Connecticut State University and completed the requirements for a sixth-year certificate in administration from Fairfield University. D'Amore currently is a board member for the Bushnell Auditorium, the Greater Hartford Metro-Alliance and the Foundation of Catholic Schools Archdiocese of Hartford. He is also a member of the Foundation Board at Central Connecticut State University.

Organization Position Status
People's United Financial Inc. Executive Vice President, Marketing Current
People Inc. management trainee Former

Organization Position Status
People's United Financial Inc. General Counsel & Executive Vice President Current
People Inc. executive vice president Former

Organization Position Status
People's United Financial Inc. Senior Vice President, Product Current

Organization Position Status
People's United Financial Inc. Senior Vice President, Marketing Current

Organization Position Status
People's United Financial Inc. First Vice President & Acting Controller Current

Organization Position Status
People's United Financial Inc. Vice President & Director, Marketing Current

Organization Position Status
People's United Financial Inc. Vice President, Corp Communications Current

Organization Position Status
People's United Financial Inc. Manager, Communications Current

Organization Position Status
People's United Financial Inc. Trustee Current
People's United Financial Inc. Board of Directors Current
Pullman & Comley, LLC member Former

Eunice S. Groark, an attorney, served as Lieutenant Governor of the State of Connecticut from 1991 until January, 1995. She currently serves as a Trustee of the Phoenix Edge Series Funds. Mrs. Groark was first elected to the Bank's Board of Directors in 1995. She is Chairman of its Trust Committee and a member of its Executive, Treasury and Finance, and Operational Risk Committees. She is also a member of the Company's Executive Committee.

Organization Position Status
People's United Financial Inc. Board of Directors Current

George P. Carter is the President of Connecticut Foods, Inc. Mr. Carter was first elected to the Bank's Board of Directors in 1976. He is the non-executive Chairman of the Board of the Bank and the Company. He is the Lead Director of the Company's Board of Directors and is Chairman of its Audit and Executive Committees. Mr. Carter is also a member of the Company's Compensation and Nominating Committee. He is Chairman of the Bank's Executive and Audit Committees and serves as a member of its Human Resources, Loan Review and Operational Risk Committees.

Organization Position Status
People's United Financial Inc. Board of Directors Current
People Inc. member Former

Organization Position Status
People's United Financial Inc. Board of Directors Current
Cdg Technology, Inc. Board of Directors Current

Organization Position Status
Chittenden Corporation Board of Directors Current
UIL Holdings Corporation Board of Directors Current
People's United Financial Inc. Board of Directors Current
The United Illuminating Company Director Current
Yale Law School Associate Dean Former

Janet M. Hansen was employed as Executive Vice President of Aquarion Company, a diversified water management company, from 1995 until her retirement in March 2005. Mrs. Hansen served as Aquarion Company's Chief Financial Officer from 1992 through 1999. She was President and Chief Executive Officer of Aquarion Company's principal operating subsidiary, Aquarion Water Company, from 2000 to 2003. Mrs. Hansen continues to serve as a director of Aquarion Water Company of Connecticut. She became a member of the Bank's Board of Directors in 2004 and is a member of its Audit, Operational Risk, and Trust Committees. She is also a member of the Company's Audit Committee. She serves on the Board of Directors of Bridgeport Hospital and of the University of Connecticut Foundation.

Organization Position Status
People's United Financial Inc. Board of Directors Current

Jeremiah J. Lowney, D.D.S. is an orthodontist whose practice has been based in the Norwich, Connecticut area for more than 30 years. Dr. Lowney has also served since 1982 as the President of the Haitian Health Foundation, a health care facility that provides humanitarian health services in Haiti. He has been a member of the Board of Directors of People's United Bank since 1998 and is a member of its Audit, Loan Review, and Operational Risk Committees. He is a member of the Company's Audit Committee.

Organization Position Status
People's United Financial Inc. Board of Directors Current
Nss Corp Former

Jerry Franklin is the President and Chief Executive Officer of Connecticut Public Broadcasting, Inc., a position he has held since 1985. Mr. Franklin was first elected to the Bank's Board of Directors in 1997 and is a member of its Audit, Executive and Human Resources Committees. He is the Chairman of the Loan Review Committee. He is also a member of the Company's Audit, Executive, and Compensation and Nominating Committees.

Organization Position Status
People's United Financial Inc. Board of Directors Current

John K. Dwight became a member of the Board of Directors effective January 1, 2008, immediately following the Company?s merger with Chittenden Corporation. Prior to the merger, Mr. Dwight was a director of Chittenden Corporation, having served in that capacity since 1999. He is the founder and former Chairman of Dwight Asset Management Company. He is a graduate of the University of North Carolina in Chapel Hill, North Carolina. Mr. Dwight is a Director of Old Mutual Asset Management US Holdings, Inc., a past Director of United Asset Management Company, Resolution, Inc., the Vermont Business Roundtable and a founding member of the Vermont Security Analysts Chapter. In addition, Mr. Dwight is a Trustee of St. Lawrence University, the Shelburne Museum and the Vermont Folklife Center. Mr. Dwight is a member of the Bank's Treasury and Finance Committee.

Organization Position Status
Dwight Asset Management Company Founder Current
People's United Financial Inc. Board of Directors Current
Worth Mountain Capital Partners, LLC Board of Directors Current
Shelburne Museum Board of Directors Current
Vermont Folklife Center Board of Directors Current
St. Lawrence University Board of Directors Current
Vermont Business Roundtable Director Former
The University of North Carolina B.A. Former

Mark W. Richards became a member of the Board of Directors effective January 1, 2008, immediately following the Company?s merger with Chittenden Corporation. He was a director of Chittenden Corporation from 1999 until its merger with the Company. He served as a director of Vermont Financial Services Corporation from 1988 through 1999. He graduated from Williams College and served for three years as a United States Naval officer. He is President of The Richards Group, an insurance and financial services firm, in Brattleboro, Vermont and is currently a Trustee of the Brattleboro Development Credit Corp. and a corporator of Brattleboro Memorial Hospital. Mr. Richards is a member of the Bank's Operational Risk Committee.

Organization Position Status
The Richards Group, Inc. President Current
Chittenden Corporation Board of Directors Current
People's United Financial Inc. Board of Directors Current
Columbia Business School Former
Williams College Former

Organization Position Status
Lindquist Steels Incorporated Chairman & CEO Current
People's United Financial Inc. Board of Directors Current

Executive News

  • People's 2nd-quarter profit falls 36 percent to $27.4M

    TradingMarkets - 7/17/09 - View Story

  • People's United Financial Reports Second Quarter Earnings of $27 Million or $0.08 Per Share

    NewsBlaze - 7/16/09 - View Story

  • People's United Financial Reports Second Quarter Earnings of $27 Million or $0.08 Per Share

    Street Insider - 7/16/09 - View Story

  • People's United Financial Reports Second Quarter Earnings of $27 Million or $0.08 Per Share

    PR Newswire via Yahoo! - 7/16/09 - View Story

  • People's United Financial Reports Second Quarter Earnings of $27 Million or $0.08 Per Share

    Globe Investor - 7/16/09 - View Story

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     PBCT $16.47 0.00 (0.00% )
Average Volume 3,321,250
Shares Outstanding 348.25M
Market Cap 5.7B
Year High 19.38
Year Low 14.72
Earnings Per Share 0.34
P/E Ratio 48.44
Dividend 0.61
Yield 3.70
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