Tag Archives: United Bank

UPDATE: People’s United Bank Closing — But It’s The One Across The Street

People’s United Bank customers: Rest easy. Your branch is not closing.

If you’re a United Bank customer, however: Your branch is.

“06880” reported this morning that People’s United Bank is closing 18 branches — among them, the one at the corner of Post Road and North Compo. It’s been a bank for years. Before that, it was the original site of Ed Mitchells (now Mitchells of Westport).

In fact, the bank they’re closing is the redundant one across the street — in Compo Acres Shopping Center, off South Compo.

The United Bank branch — now owned by People’s United Bank — that will close.

The branch was formerly a Patriot Bank outlet. Then it became a United Bank branch. It’s completely different — at least, it was until July, when People’s United acquired United Bank. Confusing, to be sure.

So now People’s United has 2 branches across the street from each other. The long-standing one near Planet Pizza remains. The one near SoulCycle is closing — sometime between December and April.

“06880” regrets the error. But the confusion could have been avoided if, several years ago, the bank owner had not changed its name from People’s Savings Bank to People’s United.

 

Our Long Wait For United Bank Is Over

Patriot Bank recently relocated, from the South Compo end of Compo Acres Shopping Center. It’s now across the street near Gold’s, giving new meaning to the words “drive-thru banking.”

But fear not! Westport’s motto — “A Bank in Every Strip Mall — is still true. United Bank opens soon next to Jersey Mike’s — just a few doors down from the old Patriot Bank site.

(Photo/Molly Alger)

Which raises 2 important questions:

  • What’s the difference between this “United Bank” and “People’s United Bank,” which (surprise!) is also across the street (corner of Post Road and North Compo)?
  • When did Compo Acres Shopping Center change its name — dating back to the 1950s — to the bland-as-United Bank-sounding “Regency Centers”?