UBNK Profile
United Financial Bancorp, Inc. (UBNK) is a bank holding company headquartered in Glastonbury, Connecticut. The company operates through its subsidiary United Bank, which provides banking services to individuals, businesses, and municipalities through its branches in Connecticut, Massachusetts, and Rhode Island.
United Bank offers a range of financial products and services, including deposit accounts, loans, mortgages, online and mobile banking, cash management, and investment services. The bank serves a diverse customer base, including retail customers, small businesses, middle-market companies, and public entities.
As of December 31, 2021, United Financial Bancorp had total assets of $8.4 billion, total deposits of $6.6 billion, and total loans of $5.6 billion. The company has a market capitalization of approximately $850 million.
In 2019, United Financial Bancorp was acquired by People's United Financial, Inc. (PBCT), a financial services company based in Bridgeport, Connecticut. The acquisition expanded People's United Financial's presence in the Northeast region of the United States.
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