People's United Bank Scholarship Fund
Criteria: (Amount Equal to One Full Annual Tuition Award) The People’s United Bank Scholarship will be awarded in accordance with the following priorities: a) a People’s United Bank employee or child of a People’s United Bank employee; b) a full-time student or a part-time student enrolled in at least two courses per semester with financial need; c) in the event of no eligible candidates from People’s United Bank, the scholarship is available to a resident of Worcester who is a full-time student or a part-time student enrolled in at least two courses per semester with financial need. Candidates should provide a short essay attesting to the need for this scholarship and submit it with the scholarship application. It should be noted that this scholarship will not be automatically renewed and applicants are encouraged to reapply each academic year.
This scholarship was originally established by Flagship Bank & Trust Company, which opened for business in December 1987. Situated in Central Massachusetts, Flagship was the first new bank to have opened in Worcester in 35 years. Flagship Bank was renamed People’s United Bank in 2010.
People’s United Bank is the largest regional banking organization headquartered in New England. With the acquisition of the Chittenden Corporation in January 2008, it has grown to approximately $22 billion in assets and more than 300 branches in Connecticut, Maine, Massachusetts, New Hampshire, Vermont, and in Westchester County, New York. Convenient, seven-day banking is offered at more than 80 of our branches in Connecticut Stop & Shop supermarket locations.
A diversified financial services company founded in 1842, People’s United Bank provides consumer, commercial, insurance, retail investment and wealth management and trust services to personal and business customers. Through its subsidiaries, People’s United Bank offers: brokerage, financial advisory services, investment management services and life insurance through People’s Securities, Inc.; equipment financing through People’s Capital and Leasing Corp. and Financial Federal Credit; and other insurance services through the People’s United Insurance Agency.