People’s Bank To Remain Open In Middletown Stop & Shop

MIDDLETOWN, CT — People’s United Bank recently announced it reached an agreement with Stop & Shop to retain 27 in-store branches and corresponding automated teller machine locations in Connecticut, including in Middletown. The locations were slated to close as part of the previously announced decision not to renew existing in-store branch contracts in the state.

The locations to be retained were "strategically selected" based on a variety of factors including proximity to nearby traditional branches, transaction volume, customer feedback and input from community leaders.

"We are pleased to have reached an agreement with Stop & Shop that will ensure customers in strategic locations state-wide maintain continued convenient access to in-store banking services, particularly in low- and moderate-income communities, where nearly half of the retained branches are located," People's United Bank President Jeff Tengel said. "We remain committed to serving our customers across the channels in which they prefer, including through our many digital banking capabilities and in our branches, now and once the merger with M&T Bank is complete. I want to thank Stop & Shop for their continued partnership."

The new agreement does not impact the previously announced exit period for all other Connecticut Stop & Shop branch locations, he said.

Closures will occur over several years using a phased approach and begin in 2022, officials said. Customers of the impacted branch locations will receive a minimum of a 90-day notice prior to the closure, officials said.

People's United currently operates 125 Stop & Shop branch locations — 84 in Connecticut and 41 in New York.

M&T Bank, which will eventually acquire People's United, "strongly supports" the new agreement and the "benefits it will deliver to Connecticut communities," according to the announcement.

M&T has also committed to retaining "substantially all" People's United branch employees, including those who work in Stop & Shop branches once the merger is complete, according t the announcement.

Here are the retained supermarket branches in Connecticut:

1. 410 Reidville Drive, Waterbury
2. 100 Main Street North, Southbury
3. 195 West St., Cromwell
4. 370 Hemingway Ave., East Haven
5. 12 Franklin St., Seymour
6. 105 Elm Street, Old Saybrook
7. 100 Division Street, Ansonia
8. 416 East Main Street, Middletown
9. 44 Lake Avenue Extension, Danbury
10. 727 Rubber Ave., Naugatuck
11. 931 Torringford St., Torrington
12. 1790 Post Road East, Westport
13. 898 Bridgeport Ave., Shelton
14. 50 Windsorville Road, Vernon
15. 4531 Main St., Bridgeport
16. 5 River Road, Wilton
17. 150 New Park Ave., Hartford
18. 2331 Dixwell Ave., Hamden
19. 200 East Main St., Stratford
20. 498 Bushy Hill Road, Simsbury
21. 1364 East Town Road, Milford
22. 460 Elm St., West Haven
23. 315 Cottage Grove Road, Bloomfield
24. 72 Newtown Road, Danbury
25. 2145 Fairfield Ave., Bridgeport
26. 150 Whalley Ave., New Haven
27. 485 Broad Street, Meriden

With reporting by Chris Dehnel, Patch Staff