Strategic Acquisition People’s United Bank was acquired by M&T Bank for $8.3 billion in April 2022, indicating a significant industry consolidation trend and potential opportunities for cross-selling integrated banking solutions, digital transformation services, and M&A advisory support.

Digital Transformation With a sophisticated tech stack including Google Tag Manager, Adobe Tag Manager, and advanced analytics tools, the bank demonstrates a focus on digital engagement and customer experience, creating opportunities to offer innovative marketing, analytics, and cybersecurity solutions.

Expanding Asset Base The bank reported brokerage assets of $2.6 billion and advisory assets of $0.2 billion as of August 2022, highlighting potential for financial technology platforms, wealth management tools, and asset growth solutions to support their ongoing expansion.

Community Engagement Peoples United's active involvement in charitable giving and community programs like Acre Family Child Care indicates a commitment to corporate social responsibility, offering prospects in CSR platforms, community engagement tools, and ESG reporting solutions.

Growth in Regional Presence With over 400 retail locations across six Northeastern states and a workforce exceeding 10,000 employees, the bank is well-positioned for branch technology upgrades, workforce management solutions, and regional marketing initiatives to enhance operational efficiency.