Valley Bank

Status:Inactive as of 09/13/1991
 Absorption - Assisted
Successor Bank:Vermont National Bank
Headquarters:Valley Bank
20 Maple Street
White River Junction, VT 05001
Established:03/23/1987
FDIC Insurance:03/23/1987
FDIC Cert:#26924
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$33,694,000
Total Deposits:$35,568,000

History

1987-03-23Institution established: Original name:Valley Bank
1991-09-13Failed. Acquired with government financial assistance and subsequently operated as part of Vermont National Bank (6265)
1997-09-22Acquired Vermont Federal National Bank (29649) in EXETER, NH
2000-03-24Acquired VNB National Trust Company (34962) in BRATTLEBORO, VT
2000-03-24Merged into and subsequently operated as part of Chittenden Trust Company (14149) in BURLINGTON, VT
2008-01-01Changed organization type to STOCK SAVINGS BANK
2008-01-01Changed institution class to OCC SUPERVISED SAVINGS BANKS
2008-01-01Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to OFFICE OF THRIFT SUPERVISION
2009-01-01Acquired The Bank of Western Massachusetts (26942) in SPRINGFIELD, MA
2009-01-01Acquired Merrill Merchants Bank (33704) in BANGOR, ME
2009-01-01Acquired Ocean Bank (4264) in PORTSMOUTH, NH
2009-01-01Acquired Flagship Bank and Trust Company (27134) in WORCESTER, MA
2009-01-01Acquired Chittenden Trust Company (14149) in BURLINGTON, VT
2009-01-01Acquired Maine Bank & Trust Company (33525) in PORTLAND, ME
2009-01-01Merged into and subsequently operated as part of People's United Bank (27334) in BRIDGEPORT, CT
2010-04-16Acquired Butler Bank (26619) in LOWELL, MA as part of a government assisted transaction.
2010-11-30Acquired RiverBank (23288) in NORTH ANDOVER, MA
2010-11-30Acquired Bank of Smithtown (664) in SMITHTOWN, NY
2011-07-01Acquired Danversbank (90185) in DANVERS, MA
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2015-02-23Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2015-02-23Changed name to People's United Bank, National Association (27334)
2015-02-23Changed organization type to COMMERCIAL BANK
2017-04-01Acquired The Suffolk County National Bank of Riverhead (7278) in RIVERHEAD, NY
2018-10-01Acquired Farmington Bank (18208) in FARMINGTON, CT
2019-04-01Acquired Belmont Savings Bank (23901) in BELMONT, MA
2019-11-01Acquired United Bank (18203) in HARTFORD, CT