The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Aug 2, 2019. Its latest SEC filing is a SC 13G/A from Feb 13, 2020.
10-Q for Q2 FY2019, filed Aug 2, 2019
The sections below describe the company as of the FY2018 annual report.
Offers loans, deposit products and financial advisory services to individuals, families and businesses in Connecticut, Massachusetts and Rhode Island.
10-K for FY2018, filed Feb 28, 2019
Earns interest on loans and securities while paying interest on deposits and borrowings, and also collects depositor fees and earns money from selling loans and servicing mortgages.
10-K for FY2018, filed Feb 28, 2019The Company’s results of operations depend primarily on net interest income, which is the difference between the income earned on its loan…View ↗
$273M
10-K for FY2018, filed Mar 1, 2019
$273M ↗
Individuals, families and businesses use United Bank’s branches, website, mobile and telephone banking; the company also serves borrowers through commercial and mortgage loan production offices.
10-K for FY2018, filed Feb 28, 2019
Yes. It kept 22 cents of every revenue dollar as net income in FY2018 and turned 37 cents into free cash flow.
10-K for FY2018, filed Mar 1, 2019
10-Q for Q2 FY2019, filed Aug 3, 2019
−$3.2MView ↗
8-K, filed Nov 1, 2019
On November 1, 2019, pursuant to the terms and conditions of the Merger Agreement, United Financial merged with and into People’s United…View ↗
Grew. Revenue grew 75% in 4 years, from $155.9M in FY2014 to $273M in FY2018, about 15% a year.
Rhode Island market
The latest report includes Rhode Island in United’s branch and deposit markets, while the older report described operations in Connecticut and Massachusetts.
10-K for FY2015, filed Mar 7, 2016 10-K for FY2018, filed Feb 28, 2019We operate in primarily suburban market areas throughout Connecticut and Massachusetts that have a stable population and household base.…View ↗
For our deposit gathering activities, we operate in primarily suburban market areas throughout Connecticut, Massachusetts and Rhode Island…View ↗
Mortgage sales approach
The latest report says the mortgage division reworked its strategy around customers using Internet and direct sales, while the older report described origination through loan officers and branches.
10-K for FY2015, filed Mar 7, 2016 10-K for FY2018, filed Feb 28, 2019A principal lending activity of the Bank is to originate loans secured by first mortgages on one-to-four family residences. The Bank…View ↗
During 2018, the Company shifted its mortgage banking strategy to reflect customers’ preference to conduct business both over the Internet…View ↗
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