Information for People's United Bank Customers
You may have recently learned that People's United Bank will be selling its Retail, Commercial, and Wealth Management Franchise in Central Maine to Bar Harbor Bank & Trust. Bar Harbor Bank & Trust has a strong corporate culture and has been serving the people of Maine for over 130 years. We’re confident you’ll find great value in Bar Harbor Bank & Trust and our commitment to doing what’s best for our customers and the communities we’ve been serving for more than 130 years.
We will convert the acquired Central Maine branches of People's United Bank to Bar Harbor Bank & Trust branches over the weekend of October 25-27, 2019. During conversion weekend, your accounts will officially be transferred to Bar Harbor Bank & Trust. All eight branches will begin operating as Bar Harbor Bank & Trust branches on October 28.
The FAQs below detail information important for all People's United Bank customers in Central Maine. To get more detailed information about personal and business banking, please select one of the options below.
Will my account numbers and routing numbers change?
Your account number will not change, but your routing number will. Your new routing number is 011201759. To prevent future disruption to direct deposits and automatic payments, as of October 28, 2019, we encourage you to provide this new routing number to your direct deposit sources (such as your employer) and to automatic payment recipients (such as utility or insurance companies).
Will I receive new checks?
Yes. In the coming weeks, you will receive a separate mailing explaining how to order new checks. To ensure uninterrupted access, it is important to order your checks as soon as you receive the mailer. Once received, you can begin using your new checks on October 28, 2019. After October 28, 2019, you should destroy your People’s United Bank checks. If you’d prefer, you can bring them into your branch and the branch will assist you with destroying them.
Will I receive a new debit or ATM1 card?
Yes. You will receive your new Bar Harbor Bank & Trust debit or ATM card via mail prior to conversion.
I have deposits at both People’s United Bank and Bar Harbor Bank & Trust, how does FDIC deposit coverage work?
For the six months immediately following conversion (October 28, 2019), any funds previously held at People’s United Bank will be separately insured from any accounts previously held at Bar Harbor Bank & Trust, ie. each portion of deposits will be insured for $250,000. After six months, you may qualify for more than $250,000 in coverage at one insured bank or savings association if you own deposit accounts in different ownership categories. The most common account ownership categories for individual and family deposits are single accounts, joint accounts, revocable trust accounts, and certain retirement accounts. Visit the FDIC’s Electronic Deposit Insurance Estimator (EDIE) for detailed information: https://edie.fdic.gov/.
Will my checking and savings account type and/or features change?
Yes. After conversion your account will be converted into a Bar Harbor Bank & Trust checking or savings product with similar features and benefits. Additional information will be provided prior to conversion.
Which People’s United Bank branches are becoming Bar Harbor Bank & Trust branches?
The eight branches include the locations below:
- Brewer Branch: 366 Wilson St.
- Main St. Bangor Branch: 183 & 201 Main St.
- Newport Branch: 44 Moosehead Trail
- Orono Branch: 69 Main St.
- Pittsfield Branch: 109 Main St.
- Stillwater Ave. Bangor Branch: 920 Stillwater Ave.
- Union St. Bangor Branch: 992 Union St.
- Waterville Branch: 335 Main St.
Where will I do my banking in the future?
After conversion, customers will have access to 22 Bar Harbor Bank & Trust locations throughout Maine, over 30 Bar Harbor Bank & Trust locations in New Hampshire and Vermont, as well as Bar Harbor Bank & Trust ATMs, Bar Harbor Mobile2, Bar Harbor Online2, telephone banking2, and our Customer Service Center. To learn more about our locations and these services, visit www.barharbor.bank/about-us/atm-branch-locator.
At Bar Harbor Bank & Trust, we are committed to providing outstanding customer service, to be a great place to work for our employees, and to be involved in the communities we call home. These concepts influence and guide all that we do, and our integration process will be no exception.
Welcome to Bar Harbor Bank & Trust. We look forward to serving your financial needs for years to come.
Q. What changes can People’s United Bank customers expect as a result of this transaction?
A. For the moment it is “business as usual” and there will be no immediate changes for customers or employees. Once the transaction has closed and our system conversion is complete, former People’s United Bank and BHBT customers will have the added convenience of additional branches throughout Central and Downeast Maine.
Q. What changes are occurring now?
A. Nothing is changing at this time. Please continue to visit People’s United branch locations and use your existing checks, debit cards, deposit slips, mobile banking, online banking and other services for your accounts.
Q. What impact will this have on People’s United Bank employees?
A. Our utmost priority is to plan a secure, smooth and seamless transition. Employees will continue to deliver the same uncompromised service and commitment to the communities they have served as members of the People’s United Bank team. Until the transaction closes, it will be business as usual for People’s United Bank employees. Our two companies share a commitment to our customers and our employees, and to that end, we would like there to be minimal disruption for customers and employees.
- Customer letter - August 30, 2019
- Welcome Book for Personal Banking
- Welcome Book for Business Banking
- Account Agreement and Disclosures
- Important Information if You Use Checks, Debit Cards, ATM Cards, or have Direct Deposit
- Quick Reference Guide
- Customer Letter about Conversion Weekend - October 2019
- Instructions for QuickBooks and Quicken Users
1Other banks may charge a fee for the use of their ATM.
2Internet service provider fees and/or mobile carrier fees for messaging and data plans may apply.