NEW YORK (TheStreet) -- Even regional banks, generally believed to less exposed than national financial institutions, are taking their share of shots to the head these days.Take New England's People's United Financial ( PBCT). The company reported a 36% decline in second-quarter profit, as low interest rates and its asset-sensitive balance sheet start to weigh on operations. During the quarter, People's earned $27.4 million, or 8 cents a share compared with $43 million, or 13 cents, in the year-ago period. The company's return on tangible assets was .57% and its average tangible stockholders' equity was 3%. People's also declared a 15 cent per share quarterly dividend, payable Aug. 15 to shareholders of record on Aug. 1. Shares of People, which operated 300 branches across New England, closed up 2% to $15.74.