Stop & Shop to Open Maine In-Store Bank Branches

QUINCY, Mass. — The Stop & Shop Supermarket Co. here, part of Ahold USA, said yesterday it has made an agreement with People’s United Bank, Bridgeport, Conn., for in-store bank branches in its stores in Maine. Stop & Shop now has one store in Kennebunk, which opened last year, and the bank branch will open in June. People’s recently acquired Chittendon Corp. in Maine, which operates three banks: Maine Bank & Trust, Merrill Bank and Ocean Bank. The Kennebunk branch will be an Ocean Bank. “Today, 75 of our 162 Connecticut branches are located in Super Stop & Shop stores, providing our customers with superior convenience and helping us deliver an unparalleled customer experience,” said Robert R. D’Amore, senior executive vice president, Retail and Small Business Banking, People’s United Bank. “Jointly, People’s United, one of our first in-store partners, and Stop & Shop have identified the synergies of convenience and volume that exist for our customers who may shop and bank in the same trip,” said John Hernon, vice president of leasing and asset management for Stop & Shop. The retailer hasn’t announced plans for future Maine stores.

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