People's United Bank logo via its website.
People's United Bank logo via its website.
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NORTHWEST CORNER — According to a press release issued by the company on Thursday, Jan. 21, People’s United Bank intends to shut down its branches at Stop & Shop locations in Connecticut and New York.
The exit
In the press release issued by company spokesperson Sara Longobardi, the bank will provide a minimum of 90 days’ notice before the branch closure.
“Once the exit is complete, we will further evaluate our presence in those regions where access to a near-by branch may be impacted,” Longobardi wrote. “Although the Stop & Shop relationship has provided meaningful value to the Bank and our customers over the years, customer banking preferences and retail shopping behaviors have significantly evolved. Our goal is to continually personalize the banking experience across the channels through which you may interact with us. The exit will allow us to further invest in our digital capabilities and strengthen our traditional branch network, as well as enhance the tools bankers use to tailor the customer experience, for both retail and business customers.”
Longobardi added that “once the exit is complete, we will further evaluate our presence in those regions where access to a near-by branch may be impacted.”
According to the company’s website, there is a branch located at the Winsted Stop & Shop, and two branches located at Stop & Shops in Torrington.
The nearest branches in the area that are not in Stop & Shop locations are in Burlington and Avon.

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