On Thursday, Shares of Zions Bancorp (NASDAQ:ZION), added 5.72% and closed at $36.60 in the last trading session. The last trading range of the stock ranges between $35.20 and $36.98. California Bank & Trust (CB&T) has been voted “Best Bank” by the readers of The Orange County Register. This marks the third successive year CB&T has taken top honors as “Best Bank” in Orange County.
The Orange County Register’s “Best of Orange County” Readers Poll is an annual survey in which readers vote for their favorite businesses and services in more than 75 categories, ranging from entertainment to finance.
“We are honored to be recognized by our clients and community,” said Betty Uribe, executive vice president, Greater Southern California division. “Winning this prestigious honor is consistent with our corporate values and our commitment to serving our clients with integrity, as we build trust and value in relationships for generations.”
“Being chosen as “Best Bank” for a third successive year is a great honor,” said Eric Ellingsen, president and chief operating officer of CB&T. “Without question, it is the experience and dedication of our bankers combined with our best-of-class products that facilitates us to offer superior financial solutions.”
People’s United Financial, Inc. (NASDAQ:PBCT), jumped 2.60% and closed at $17.94 in the last trading session. The last trading range of the stock ranges between $17.60 and $18.43. The company’s Market capitalization is $5.86 Billion with the total Outstanding Shares of 311.39 Million. People’s United Bank, N.A. recently declared completion of the acquisition of Gerstein Fisher, a $3 billion, New York City-based investment administration firm, by its partner, People’s Securities, Inc. The combined company brings People’s United Wealth Administration’s total assets under administration to over $20 billion, of which about $8 billion is under discretionary administration.
Founded in 1993 and featured in Barron’s “Top 100 Financial Advisors” list for six successive years, Gerstein Fisher manages assets using a quantitative Multi-Factor® approach, which structures portfolios to overweight the factors that leading-edge academic research has identified as having the potential to deliver improved returns.
“We are excited to officially integrate the know-how of Gerstein Fisher’s talented team with that of our own Wealth Administration group,” said Jack Barnes, President and Chief Executive Officer. “Gerstein Fisher’s client focus, respected quantitative investment approach and scalable technology-facilitated platform will greatly benefit our broader, shared market.”