People's Bank To Remain Open In Hamden Stop & Shop

Hamden CT

11 August, 2021

12:27 AM

Description

HAMDEN, CT — People's United Bank recently announced it reached an agreement with Stop & Shop to retain 27 in-store branches and corresponding automated teller machine locations in Connecticut, including in Hamden. The locations were slated to close as part of the previously announced decision not to renew existing in-store branch contracts in the state. The locations to be retained were "strategically selected" based on a variety of factors including proximity to nearby traditional branches, transaction volume, customer feedback and input from community leaders. "We are pleased to have reached an agreement with Stop & Shop that will ensure customers in strategic locations state-wide maintain continued convenient access to in-store banking services, particularly in low- and moderate-income communities, where nearly half of the retained branches are located," People's United Bank President Jeff Tengel said. "We remain committed to serving our customers across the channels in which they prefer, including through our many digital banking capabilities and in our branches, now and once the merger with M&T Bank is complete. I want to thank Stop & Shop for their continued partnership." The new agreement does not impact the previously announced exit period for all other Connecticut Stop & Shop branch locations, he said. Closures will occur over several years using a phased approach and begin in 2022, officials said. Customers of the impacted branch locations will receive a minimum of a 90-day notice prior to the closure, officials said. People's United currently operates 125 Stop & Shop branch locations — 84 in Connecticut and 41 in New York. M&T Bank, which will eventually acquire People's United, "strongly supports" the new agreement and the "benefits it will deliver to Connecticut communities," according to the announcement. M&T has also committed to retaining "substantially all" People's United branch employees, including those who work in Stop & Shop branches once the merger is complete, according t the announcement. Here are the retained supermarket branches in Connecticut: 410 Reidville Drive, Waterbury100 Main Street North, Southbury195 West St., Cromwell370 Hemingway Ave., East Haven12 Franklin St., Seymour105 Elm Street, Old Saybrook100 Division Street, Ansonia416 East Main Street, Middletown44 Lake Avenue Extension, Danbury727 Rubber Ave., Naugatuck931 Torringford St., Torrington1790 Post Road East, Westport898 Bridgeport Ave., Shelton50 Windsorville Road, Vernon4531 Main St., Bridgeport5 River Road, Wilton150 New Park Ave., Hartford2331 Dixwell Ave., Hamden200 East Main St., Stratford498 Bushy Hill Road, Simsbury1364 East Town Road, Milford460 Elm St., West Haven315 Cottage Grove Road, Bloomfield72 Newtown Road, Danbury2145 Fairfield Ave., Bridgeport150 Whalley Ave., New Haven485 Broad Street, MeridenWith reporting by Chris Dehnel, Patch Staff