Exhibit 21

Name and Address of Each Member of the Affiliated Group	Jurisdiction of Organization		Line of Business		Ownership
People’s United Bank, National Association		United States		Financial Services		100	%
850 Main Street
Bridgeport, Connecticut
People’s Ventures II, Inc.		Connecticut		Investment Subsidiary		100	%
850 Main Street
Bridgeport, Connecticut
Commerce Square Equipment Reinsurance Co. Ltd.		Turks and Caicos Islands		Insurance Underwriter		100	%
2005 Market Street, 14th Floor
Philadelphia, Pennsylvania
The following subsidiaries are owned directly by People’s United Bank, National Association:
People’s United Equipment Finance Corp.		Texas		Equipment Financing		100	%
1300 Post Oak Boulevard, Suite 1300
Houston, Texas
People’s United Insurance Agency, Inc.		Connecticut		Insurance Agency		100	%
225 Asylum Street
Hartford, Connecticut
LEAF Commercial Capital, Inc.		Delaware		Equipment Financing		100	%
2005 Market Street, 14th Floor
Philadelphia, Pennsylvania
BOWM Securities Corporation		Massachusetts		Investment Subsidiary		100	%
1391 Main Street
Springfield, Massachusetts
The address of the following subsidiaries owned directly by People’s United Bank, National Association is 850 Main Street, Bridgeport, Connecticut:
People’s Capital and Leasing Corp.		Connecticut		Equipment Financing		100	%
People’s Securities, Inc.		Connecticut		Securities Brokerage		100	%
People’s United Muni Finance Corp.		Vermont		Investment Subsidiary		100	%
People’s United Merchant
Services Holdings, Inc.		Connecticut		Service Corporation		100	%
People’s Mortgage Investment Company		Connecticut		Connecticut Passive Investment Company		100	%
MSB Real Estate Corp.		Connecticut		Real Estate Investment		100	%
PB Real Estate, Inc.		Connecticut		Real Estate Investment		100	%
ONB Realty Corp.		Maine		Real Estate Investment		100	%