Exhibit 21

Name and Address of Each Member of the Affiliated Group	Jurisdiction of Organization	Line of Business	Ownership
People’s United Bank 850 Main Street Bridgeport, Connecticut	United States	Financial Services		100	%
People’s Ventures II, Inc. 850 Main Street Bridgeport, Connecticut	Connecticut	Investment Subsidiary		100	%
The following subsidiaries are owned directly by People’s United Bank:
People’s United Equipment Finance Corp. 1300 Post Oak Boulevard, Suite 1300 Houston, Texas	Texas	Equipment Financing		100	%
People’s Capital and Leasing Corp. 255 Bank Street Waterbury, Connecticut	Connecticut	Equipment Financing		100	%
People’s United Insurance Agency, Inc. 1 Goodwin Square Hartford, Connecticut	Connecticut	Insurance Agency		100	%
Chittenden Commercial Finance, Inc. 3310-1000 Rue de la Gauchetiere Quest Montreal, Quebec H3B4W5 Canada	Canada	Commercial Lending		100	%
BOWM Securities Corporation 1391 Main Street Springfield, Massachusetts	Massachusetts	Investment Subsidiary		100	%
The address of the following subsidiaries owned directly by People’s United Bank is 850 Main Street, Bridgeport, Connecticut:
People’s Securities, Inc.	Connecticut	Securities Brokerage
People’s United Commercial Asset Holdings, LLC	Connecticut	Service Corporation
People’s Mortgage Investment Company	Connecticut	Connecticut Passive Investment Company
MSB Real Estate Corp.	Connecticut	Real Estate Investment
PB Real Estate, Inc.	Connecticut	Real Estate Investment
ONB Realty Corp.	Maine	Real Estate Investment