APRIL 11, 2002

People's First Quarter 2002 Earnings Conference Call Scheduled For Friday April 19, 2002

BRIDGEPORT, CONN.
People's Bank (NASDAQ: PBCT), a $14 billion diversified financial services company, today announced it will host a conference call on Friday, April 19, 2002, at 11 a.m., Eastern Time, to discuss its first quarter 2002 earnings announcement.

This call will be broadcast live through the company's Internet site peoples.com. It is accessible by selecting "Investor Relations" from the home page, and then selecting "News and Events," then "Conference Calls."

The call will be archived on the site and available for retrieval for approximately 90 days.

People's (peoples.com) is a diversified financial services company providing commercial, consumer, insurance and investment services. Founded in 1842, it is the largest state-chartered bank in Connecticut with managed assets of $14 billion, 150 branches and 230 ATMs. People's is a leader in consumer and commercial banking, residential lending, insurance sales, supermarket banking and is the nation's 15th-largest issuer of MasterCard and Visa credit cards. People's subsidiaries offer brokerage services, asset management, equipment leasing and financing and insurance services.