People's of Conn. to Begin Lending in N.Y.

People's Bank, Connecticut's No. 1 residential mortgage lender, is expanding into the New York State market.

People's will initially use its branch and account officer staff to serve customers in Westchester County who live near communities where the bank has offices. Next year it plans to hire additional account officers and expand its penetration to Dutchess, Putnam, and Rockland counties.

People's mortgage experts will arrange appointments for New York customers in their homes, in their places of business, or in People's branches. A 155-year-old thrift institution, People's Bank has more than $7.7 billion of assets and 111 branches statewide.

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