People's Bank said Wednesday it has a deal to buy Beardsley, Brown, & Bassett Inc., a Fairfield, Conn., commercial, life, and employee benefits insurance agency.

Beardsley, Brown, & Bassett will become a division of the thrift's R.C. Knox & Co. subsidiary. People's acquired R.C. Knox, Hartford, last year. The acquisition will bolster sales of insurance in Fairfield County, where the bank has its core operations, the $12 billion-asset thrift said in a press release.

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