People's United Financial, Inc. is a bank and financial holding company, which engages in the provision of commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers. It operates through the Commercial Banking and Retail Banking segments. The Commercial Banking segment consists commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. This segment also includes the equipment financing operations of People's Capital and Leasing Corp. and People's United Equipment Finance Corp, as well as cash management, correspondent banking and municipal banking. The Retail Banking segment comprises consumer lending, and consumer deposit gathering activities, consumer lending (including residential mortgage and home equity lending), and merchant services. This segment also provides brokerage, financial advisory services, investment management services and life insurance provided by People's Securities, Inc. and non-institutional trust services. The company was founded on November 2, 2006 and is headquartered in Bridgeport, CT.