Did People's Bank get bought out?
People's United Bank, often referred to as People's Bank, was acquired and merged into M&T Bank in 2022. This integration resulted in the People's United brand being retired and its banking operations becoming part of M&T Bank. Customers who previously held accounts with People's United were transitioned to M&T Bank systems, and branches formerly under the People's United name were rebranded to reflect their new ownership under M&T.
Related FAQs
The routing number for Peoples Bank, headquartered in Bellingham, Washington, is 125004351.
Loan interest rates offered by financial institutions operating under the name People's Bank vary widely depending on the specific product category, such as mortgages, auto loans, personal unsecured financing, or small business credit lines.
Sharing your bank routing number is generally safe when you are dealing with reputable, trusted institutions, employers for direct deposit, or utility companies setting up authorized automatic payments.
Legitimate chartered financial institutions operating under the name Peoples Bank maintain active membership with the Federal Deposit Insurance Corporation, ensuring full government backing for eligible customer deposits.