BUSINESS AND COMMERCIAL BANKING

People's United Business FAQs

We're here to help answer your frequently asked questions for businesses, including Micro Businesses, Commercial Businesses and Government entities as People's United Bank joins the M&T Bank family.

Account Information

  • Begin using your new M&T Business Debit Card or ATM Card for Business. Your PIN will remain the same, unless we notify you otherwise
  • Check the M&T Mobile and Online Banking for Business and Commercial resource centers for specific weekend timing for online platforms
  • Log in to M&T Online Banking for Business and verify your account information
  • For your personal accounts, you can visit any M&T branch or call 1-800-724-2440
  • For your business accounts, please contact your relationship manager, visit your local M&T branch) or call 1-800-724-6070
  • For your securities accounts, please contact your financial advisor
  • Accounts you opened at People’s United prior to the merger with M&T Bank will continue to be insured by the FDIC
  • If you had deposit accounts with both M&T Bank and the People’s United division of M&T Bank prior to the merger, the FDIC will separately insure those deposit accounts for six months after the merger (on April 2, 2022)
  • Any M&T Bank deposit account you had prior to the merger and new deposit accounts established after the merger, including those opened with the People’s United division of M&T Bank, will not be separately insured. They will be combined to determine applicable FDIC insurance limits. This is because the People’s United division of M&T Bank and M&T Bank are now the same FDIC-insured institution
  • After six months, your former People’s United Bank deposits and your M&T Bank deposits will be combined for purposes of determining your appropriate level of FDIC deposit insurance coverage

Special Information for Certificates of Deposit (CDs):

  • Any CD you have at People’s United Bank, N.A. prior to the merger (on April 2, 2022) is separately insured until its next maturity date after the six-month period following the merger
  • If your former People’s United Bank CD automatically renews within six months of the merger, it will continue to be separately insured until its next maturity date The six-month transition period gives you the opportunity to consider how to maximize FDIC deposit insurance coverage for your accounts. 

For additional information on FDIC insurance, visit the FDIC website at www.fdic.gov

In the short term, you will continue to receive loan statements and other communications referencing the “People’s United” name, but over time these communications will reflect the “M&T Bank” name. Please continue to make your loan payments as you have in the past. In the future should payment instructions change – such as the payment mailing address – we’ll keep you informed in a separate mailing.

Please continue to use your Merchant Services account as you normally would.

People's United PPP Borrowers should continue to apply for loan forgiveness through the People's United portal.

Learn more at the People's United Loan Forgiveness Portal.

About M&T

Like People’s United, we’re a bank that’s all about helping individuals, families, businesses and the communities we serve. You can count on us to build upon People’s legacy of making a difference to you and your neighbors. 

Learn more about M&T >

We serve customers in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia, Washington, D.C. and West Virginia. Our headquarters are located in Buffalo, NY. Our New England regional headquarters will be in the current People’s United location in Bridgeport, CT.

Hear from our bankers

Am I going to be able to keep banking at my local branch?

Rana Yacoub - Milford, CT

Relationship Banker

Will I still be working with the same people I know and trust?

Denis Ramadanov - Wallingford, CT

Branch Manager

What will I gain from a relationship with M&T?

Mario Conjura - Colchester, CT

Senior Branch Manager

Hear from our bankers.

We asked our bankers some important questions about M&T and the transition from People's United. Listen to what they had to say in their own words.

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