"Stop & Shop is pleased to have the opportunity to extend its relationship with People's United Bank into New York state," said Don Sussman, Stop & Shop's New York Metro Division President. "Jointly, People's United, one of our first in-store partners, and Stop & Shop have identified the synergies of convenience and volume that exist for our customers who may shop and bank in the same trip. We are confident that the seamless transition will not disrupt our customers' shopping experience."People's United was advised in this transaction by Jefferies & Company, Inc. as financial advisor and Simpson Thacher & Bartlett LLP as legal counsel. Citizens was advised by Keefe, Bruyette & Woods, Inc.
People's United Bank To Acquire Select Citizens Bank Branches And Deposits In New York State
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