As of April 2, 2022, People’s United Bank is now part of M&T Bank. Learn what to expect and what’s ahead for you & M&T.
For now, it's banking as usual.
APRIL
Get to know M&T Bank
On April 2, 2022, People’s United Bank merged with M&T Bank. Visit this page for regular updates, and we’ll keep you in the know as your accounts and services transition to M&T systems. Learn more about M&T
APRIL
TO SEPTEMBERWatch for M&T green
Watch for updates from M&T in your mail and email. You can review your contact information online at peoples.com, by visiting your local People's United branch or calling People's United 1-800-894-0300.
JULY
Review your Welcome Guide
We expect to complete our transition later in 2022. You’ll receive a comprehensive transition guide ahead of time to help you prepare.
SEPTEMBER
Updates to your account
Account and service changes will take place later in 2022. New debit cards, online login details, account numbers and credit cards, if applicable, will be sent about two weeks ahead of the final transition.
In the meantime...
Keep banking as you normally would.
- Visit your local People's United branch
- Use your usual ATMs and now also M&T ATMs
- Use your existing checks, debit and credit cards
- Pay your existing loans as usual
- Direct deposit, Social Security and pre-authorized payments/transfers activity will continue
Continue to use digital banking.
- Bank online at peoples.com and through the People's United Mobile Banking App
- Your login credentials remain the same
We're here to help.
- Call People's United at 1-800-894-0300
- Stop by your local People's United branch
- Watch for the M&T green in your mail and email
- Bookmark this page and check back for regular updates
HELP CENTER
Questions about M&T Bank?
Questions & Answers
What are the immediate benefits?
You can use any M&T Bank ATM to withdraw cash without the usual out-of-network fees. This gives you free access to more than 2,000 ATMs throughout Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia, Washington, D.C. and West Virginia.
Do I need to do anything right now?
- Continue using your debit card, existing checks and credit card
- Access online banking at peoples.com with your same User ID
- Continue to use the People’s United Mobile Banking App
- Continue banking at your local People's United branch
- Make your loan payments as usual
- Call the same contact numbers
Will my Federal Deposit Insurance Corporation (FDIC) coverage be affected?
- 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
Who is 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.
How will I learn about updates to my accounts and services?
We’ll let you know about any changes to accounts or services well in advance.
- Watch for the M&T green in your mail and email, which indicates merger updates for you
- Bookmark this page and check back for the latest updates
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.
Watch VideosTogether We Can
Your Community & M&T
At M&T Bank, you and your community are at the heart of everything we do. See how we’re working to create the right opportunities for the people we serve.
Wilmington Trust - Member of the M&T Family
Guiding generations of families
Wilmington Trust* has been helping business owners design and execute transition and wealth transfer plans for more than a century.** Backed by the resources of one of the nation’s leading U.S.-based, commercial bank holding companies, M&T Bank Corporation, we bring a high level of skill and experience to every relationship we serve. We offer advice, guidance, and solutions to business owners through every phase of your journey—from starting out, growing the business, and eventually transitioning it.
* Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A. (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through M&T Bank Corporation’s international subsidiaries. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, Member FDIC.
** Wilmington Trust traces its roots to the founding of Wilmington Trust Company in 1903.
Investment products are not insured by the FDIC or any other governmental agency, are not deposits of or other obligations of or guaranteed by Wilmington Trust, M&T Bank, or any other bank or entity, and are subject to investment risks, including the possible loss of principal amount invested.
Beware of Phishing Attempts
Security & Protection
Scammers look to gain access to your sensitive account information by any means necessary, including deceptive emails, texts, and phone calls that may look like they are coming from People's United or M&T Bank.
Learn more on how to be aware of the different types of fraud so you can help protect your personal and financial information.
Update your contact information.
Please log in to People's United online banking as soon as possible to make sure your name, address, email or phone number is up-to-date. This will help ensure that any information—including your new debit card(s) and checks—is sent to the correct address.
- Log in to People's United Online Banking
- Use the blue tool bar at the top of sceen and click on ...More, then choose Customer Service
- Under Settings, select Contact Information and verify that all the phone numbers listed are correct. Click change and make the necessary updates
- Click submit and follow the security prompts
- Return to the Settings list and select Street Address. Verify that all street address are correct. Click change and make the necessary updates
- After your updates are made, click submit and follow the securtiy prompts
Read news about the merger.
Check out all of the of the past news related to People's United becoming part of M&T Bank.
- Merger Completion Press release (4/2/22)
- Regulatory Approval Press Release (3/4/22)
- Merger Extension Press Release (2/18/22)
- Agreement to Acquire People's United Press Release (2/22/21)