<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-10-25</periodOfReport>

    <issuer>
        <issuerCik>0001378946</issuerCik>
        <issuerName>People's United Financial, Inc.</issuerName>
        <issuerTradingSymbol>PBCT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001391817</rptOwnerCik>
            <rptOwnerName>D'Amore Robert R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PEOPLE'S UNITED BANK</rptOwnerStreet1>
            <rptOwnerStreet2>850 MAIN STREET</rptOwnerStreet2>
            <rptOwnerCity>BRIDGEPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06604</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Sen. Exec. VP</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-10-25</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>23563</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12.68</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>494909</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents shares withheld in payment of taxes due on vesting of restricted shares.  Price reported is the average of the high and low prices for the common stock as reported by the Nasdaq Stock Market on the transaction date.</footnote>
        <footnote id="F2">Includes 47,394 shares owned indirectly through the People's United Bank 401(k) Plan (including 541 shares acquired through dividend reinvestment).  Also includes 1,602 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 19 shares acquired through dividend reinvestment).  Information is based on 9/30/10 Plan statements.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert R. D'Amore</signatureName>
        <signatureDate>2010-10-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
