Acquisition Opportunity M&T Bank recently acquired People's United Bank for $8.3B in April 2022. This acquisition may present cross-selling opportunities for products and services to existing customers of both banks.
Key Personnel Movement Several key personnel have transitioned from People's United Bank to other institutions recently, such as Mitchell moving to M&T Bank. Leveraging these relationships and connections could open doors for new business partnerships.
Investment in Brokerage Assets People's United Bank recently invested in brokerage assets totaling $1.4B in August 2022. This indicates a focus on expanding their investment offerings, presenting a potential target market for financial products and services.
Charitable Contributions People's United Bank's charitable arm made a donation of $2,500 to Acre Family Child Care. Partnering with organizations supported by the bank can showcase shared values and create networking opportunities for business growth.
Tech Stack Insights Farmington Bank employs various technologies in its tech stack, including Facebook Pixel, Marketo, and Google PageSpeed. Offering tech solutions compatible or complementary to their stack could initiate conversations around modernization or optimization.