As you may know, Chittenden Bank has been operating as a division of Peoples United Bank since January 2009. On July 17, 2010, the name of Chittenden Bank will change to People’s United Bank..The letter was signed by People's United Interim President Jack Barnes and Michael Seaver, whose former title, president of Chittenden Bank, has been changed to Vermont President, People's United.s you may know, Chittenden Bank has been operating as a division of Peoples United Bank since January 2009. On July 17, 2010, the name of Chittenden Bank will change to People’s United Bank..