People's United Financial, Inc. (People’s United Financial), is a savings and loan holding company. The principal business of People’s United Financial is to provide, through People’s United Bank and its subsidiaries, commercial banking, retail and small business banking and wealth management services to individual, corporate and municipal customers. Traditional banking activities are conducted primarily within the New England and include extending secured and unsecured commercial, and consumer loans, originating mortgage loans secured by residential and commercial properties, and accepting consumer, commercial and municipal deposits. In addition to traditional banking activities, People’s United Bank provides specialized services tailored to specific markets, including personal, institutional and employee benefit trust; cash management, and municipal banking and finance. On January 1, 2008, People’s United Financial completed its acquisition of the Chittenden Corporation.