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People's United Financial Inc. Message Board

  • darty01 darty01 May 2, 1998 3:30 PM Flag

    When will this bank join the consolidati

    I know that, in recent years, BKB and others have
    made overtures to PBCT. From what I understand, there
    is major resistance from PBCT.

    Also, I
    believe the mutual nature of the ownership structure has
    acted to protect managment from being consolidated.
    Isn't Carson (? Chairman?) very protective of
    Bridgeport CT and the impact a PBCT sale would have on that
    struggling community.

    Obviously, these allegiences
    have not impaired the performance of this institution
    in recent years.

    So, if PBCT is not going to
    be sold, what is the strategy?

    It is a small
    regional bank. Does it have the resources to deal with
    competitors of much greater scale? Once FLT and FTU get their
    acts together and begin to truely realize the
    efficiencies they've targeted, will they begin to squeeze
    PBCT. Especially if, as I believe, individuals begin to
    realize they can get better deals from other financial
    institutions (I've already moved all my accounts to a
    securities firm -- including checkwriting -- to get far
    superior returns).

    Also, I thought I heard PBCT
    offered a credit card in the UK. Is this true? It sounds
    somewhat unusual mover for a small regional like

    I kind of like PBCT's style. Are their any other
    interesting features that I should be aware of?

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