pbct is down 15% for the year .what is management doing or are they doing anything. The stock was as high as 42. Its dropping for no apparent reason... A man from connecticut,a very large stockholder in derby savings bank told me that derby savings bank would be acquired and it was. He told me the same thing about peoples bank but now i doubt it. Because of the charter it can't be. Management must be getting rich of their fat salaries and are ignoring us. A large bank will move into connecticut and destroy us.
I am a customer of Peoples Bank and have been for years. It seems everyone is hoping for a merger. The reason this bank is so successful is because they haven't merged. We are tired of banks that change their names every few months in Connecticut. Everyone I know banks at Peoples and are very happy they do not merge or change their name. This is the reason I bank there. This fall we will see another Super Stop & Shop in Norwalk which means another Peoples Bank. I just love this Bank!!! Bob D.