BRIDGEPORT, Conn.,
Oct. 23, 2017 /PRNewswire/ -- People's United Financial,
Inc. (NASDAQ: PBCT) ("People's United" or the "Company") announced
today the release of its 2017 company-run stress test
results. In accordance with the Dodd-Frank Wall Street Reform
and Consumer Protection Act, People's United is required to conduct
annual stress tests ("DFAST") to assess the potential effect of
hypothetical economic scenarios on earnings and capital. The
results of the Company's 2017 DFAST indicate that both People's
United and its subsidiary, People's United Bank, National
Association, will have the financial resources to successfully
navigate a severe and protracted economic downturn and will
maintain capital levels that exceed regulatory minimums throughout
the nine-quarter planning period under the Federal Reserve's
Supervisory Severely Adverse scenario.
The Company's disclosures of projected results, risks and
assumptions are hypothetical and made in accordance with regulatory
requirements. The stress scenario, risks and financial
results do not necessarily reflect the Company's future
expectations of results of operations and are not intended to be
the Company's forecast of future economic or financial conditions,
but rather reflect potential results under the Federal Reserve's
Supervisory Severely Adverse scenario. The results can be
found in the Investor Relations section of the Company's web site
at www.peoples.com.
People's United Financial, Inc., a diversified financial
services company with $44 billion in
total assets, provides commercial and retail banking, as well as
wealth management services through a network of approximately 400
branches in Connecticut,
New York, Massachusetts, Vermont, New
Hampshire and Maine.
Access Information About People's United Financial at
www.peoples.com.
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SOURCE People's United Financial, Inc.