| Business Summary | | People's
Bank
is
a
Connecticut
stock
savings
bank
with
$10.7
billion
in
total
assets
as
of
December
31,
1999.
People's
was
organized
in
1842
as
a
mutual
savings
bank
and
converted
to
stock
form
in
1988.
People's
operations
are
divided
into
four
primary
business
segments:
Credit
Card
Services,
Consumer
Financial
Services,
Commercial
Banking
and
Capital
Markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PBCT
is
a
CT
stock
savings
bank,
offering
services
to
individual,
corporate
and
municipal
customers.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
14%
to
$204.2
million.
Net
interest
income
after
loan
loss
provision
fell
12%
to
$68.4
million.
Net
income
fell
51%
to
$13.3
million.
Results
reflect
increased
interest
income
from
consumer
loans,
offset
by
increased
interest
paid
for
deposits
and
the
loss
on
the
write-downs
of
a
select
group
of
technology
stocks. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
180,900;
after
tax
earnings
were
43,100. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | John Klein | Chairman,
Pres, CEO | Donald Heroman | CFO,
Exec. VP | William Kosturko | Exec.
VP, Gen. Counsel | Edward Bucnis | Exec.
VP, Operations and Information Services | Robert D'Amore | Exec.
VP, Marketing and Regional Banking |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|