Item 8.01. Other Events.

On November 21, 2012, the Board of Directors of People's United Financial, Inc. (the "Company") approved a new stock repurchase program under which approximately 10% of the Company's common stock outstanding as of September 30, 2012, or 33,600,000 shares, can be repurchased at prices and terms satisfactory to management. Earlier this quarter, the Company completed the repurchase authorization for 18 million shares of common stock announced in October 2011. The pending share repurchase activity is expected to be financed using cash on hand and the proceeds from one or more debt financings.

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