People's United Financial's (PBCT +2.1%) CEO Philip Sherringham resigns, as the board has...

|About: People's United Financial,... (PBCT)|By:, SA News Editor

People's United Financial's (PBCT +2.1%) CEO Philip Sherringham resigns, as the board has abruptly decided it's time for a new direction. Analysts say Sherringham didn't move quickly enough to deploy capital and the bank says it's looking for the "right acquisition"; maybe Brookline Bancorp (BRKL +1.4%)?