People's Bank of Bridgeport, Conn., has restructured its credit card division, shifting several executives and separating the business from the rest of the $6.7 billion-asset thrift.

The credit card program has grown 40% a year on average for the past five years. At the end of the second quarter, card receivables totaled $2.3 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.