. BRIDGEPORT, People's United Financial, Inc. (NASDAQ: PBCT),) received approval for its purchase of Suffolk County National Bank, of Riverhead, NYThe transaction, was first announced June 27, 2016 and approved by the shareholders of Suffolk in October.

People's United is Connecticut’s largest state based bank with $41 billion in assets, the Suffolk acquisition adds another $2 billion to the till. People’s United has nearly 400 branches in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.

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