Bridgeport-based People’s United Bank announced Monday that it has opened three new branches in the Boston area, expanding its presence in what’s becoming an increasingly attractive market for Connecticut banks.
Two of the new branches opening Monday are in Boston and the third brick-and-mortar office opened in suburban Lexington July 1.
All three will employ a total of 20, the bank said.
The new offices are the result of the bank’s recent $493 million acquisition of Danvers Bancorp, which planned to open the new branches when the merger between the two companies was announced in January. That deal expanded People’s United’s footprint in the Bay State by 28 braches.
It now has 59 Massachusetts locations.
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“We have doubled the size of our Massachusetts franchise since the first of the year and look forward to bringing the People’s United customer-driven brand to additional Boston area residents.” said Tim Crimmins, president of the Massachusetts Region for People’s United Bank.Â
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