People’s United Bank announces closure of 15 branches

Business

A Connecticut bank has announced it will close 15 branches following its $544 million acquisition of a competitor.

Bridgeport-based People’s United Bank, which announced its acquisition of the parent company of Farmington Bank in October, says it will close the branches in January.

Most of the branches are Farmington Banks that serve overlapping markets as current People’s United banks or that offer similar services.

The branches closing are in the following towns:

The bank will still have more than 400 branches in New England and New York.

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