August 16, 2017

People's United is VT's new bursar

The state of Vermont has hired Bridgeport regional lender People's United Bank to manage that state's financial accounts and disbursements to taxpayers, employees, lottery winners, among other core bank services, officials say.

People's United announced Wednesday it is due to roll out cash-management service changes for Vermont during the fourth quarter.

Vermont State Treasurer Beth Pearce said People's United was chosen following "an exhaustive review'' showing the bank offered the best value and lowest cost to the state and its taxpayers.

TD Bank has been Vermont's core-banking services provider for many years.

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