Simpson Thacher is representing People's United Financial, Inc. (NASDAQ: PBCT), the holding company for People's United Bank, N.A., in connection with its agreement to acquire United Financial Bancorp, Inc. (NASDAQ: UBNK), the holding company for United Bank, in an all-stock transaction valued at approximately $759 million. Completion of the transaction is subject to customary closing conditions, including receipt of regulatory approvals and the approval of United Financial shareholders.
People's United Bank is a diversified, community-focused financial services company headquartered in the Northeast with more than $48 billion in assets. Founded in 1842, People’s United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance solutions.
United Financial is a full service financial services firm offering a complete line of commercial, small business, wealth management and consumer banking products and services to customers throughout Connecticut, Massachusetts and Rhode Island. At March 31, 2019, United Financial had $7.34 billion in assets.
The Simpson Thacher team includes Lee Meyerson, Johanna Mayer and Lauren Kim (M&A); Adam Cohen and Spencer Sloan (Bank Regulatory); Jeannine McSweeney and Jason Fixelle (ECEB); and Jonathan Goldstein and Sarah Katz (Tax). Summer associate Katie Lunt provided valuable assistance.
Simpson Thacher is representing People's United Financial, Inc. (NASDAQ: PBCT), the holding company for People's United Bank, N.A., in connection with its agreement to acquire United Financial Bancorp, Inc. (NASDAQ: UBNK), the holding company for United Bank, in an all-stock transaction valued at approximately $759 million. Completion of the transaction is subject to customary closing conditions, including receipt of regulatory approvals and the approval of United Financial shareholders.
People's United Bank is a diversified, community-focused financial services company headquartered in the Northeast with more than $48 billion in assets. Founded in 1842, People’s United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance solutions.
United Financial is a full service financial services firm offering a complete line of commercial, small business, wealth management and consumer banking products and services to customers throughout Connecticut, Massachusetts and Rhode Island. At March 31, 2019, United Financial had $7.34 billion in assets.
The Simpson Thacher team includes Lee Meyerson, Johanna Mayer and Lauren Kim (M&A); Adam Cohen and Spencer Sloan (Bank Regulatory); Jeannine McSweeney and Jason Fixelle (ECEB); Daniel Venditti (Labor); and Jonathan Goldstein and Sarah Katz (Tax). Summer associate Katie Lunt provided valuable assistance.
Simpson Thacher is representing People's United Financial, Inc. (NASDAQ: PBCT), the holding company for People's United Bank, N.A., in connection with its agreement to acquire United Financial Bancorp, Inc. (NASDAQ: UBNK), the holding company for United Bank, in an all-stock transaction valued at approximately $759 million. Completion of the transaction is subject to customary closing conditions, including receipt of regulatory approvals and the approval of United Financial shareholders.
People's United Bank is a diversified, community-focused financial services company headquartered in the Northeast with more than $48 billion in assets. Founded in 1842, People’s United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance solutions.
United Financial is a full service financial services firm offering a complete line of commercial, small business, wealth management and consumer banking products and services to customers throughout Connecticut, Massachusetts and Rhode Island. At March 31, 2019, United Financial had $7.34 billion in assets.
The Simpson Thacher team includes Lee Meyerson, Johanna Mayer and Lauren Kim (M&A); Adam Cohen and Spencer Sloan (Bank Regulatory); Jeannine McSweeney and Jason Fixelle (ECEB); Daniel Venditti (Labor); and Jonathan Goldstein and Sarah Katz (Tax). Summer associate Katie Lunt provided valuable assistance.