People's United Bank acquired Gerstein Fisher.

People's United Bank, a diversified financial services company, acquired Gerstein Fisher, a New York City-based investment management firm serving individuals and families, institutions, and third-party platforms. Financial terms were not disclosed. "Gerstein Fisher's client focus, quantitative portfolio management and well-rated mutual funds complement People's United's offerings and expertise," said Galan Daukas, Senior Executive Vice President, People's United Wealth Management. "In addition, our partnership will generate excellent opportunities for shared growth throughout our collective geographic footprint."