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November 19, 2020 Deal Watch Today

People’s United Bank sells Farmington office for $340K

28 Main St., Farmington
By Greg Bordonaro

Bridgeport-based People’s United Bank has sold a Farmington office it acquired through its acquisition of Farmington Bank. 

People’s United on Nov. 11 sold a 3,200-square-foot office building at 28 Main St., for $340,000, according to listing broker CBRE.

The buyer  is listed as Viswanath Nayunipati, the founder and CEO of IT and staffing firm Niktor LLC, which is based in Plainville, according to Co-Star.

The property served as a long-time office space for Farmington Bank, until the community lender was purchased by People’s United Bank in 2018 for $544 million. 

CBRE’s John M. McCormick and Anna M. Kocsondy were the listing brokers in the deal. 

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1 Comments

Anonymous
November 23, 2020

People's is the only bank offering incentives
for opening new accounts,the rest are just sucking
their depositors dry.I don't trust the board of
the bank but I do the FDIC,so I will take
a chance with these shysters.

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