December 17, 2002

People's Bank Announces New Assignments For Fairfield County Investment Consultants

BRIDGEPORT, CONN.
People's Bank today announced two new assignments in its investment subsidiary, People's Securities, Inc., that will provide customers with convenient access to experienced investment experts at People's lower Fairfield County branches.

Naomi Bourque has been assigned as an investment consultant at the Riverside branch after serving in the same position at People's Stamford Investment Center. A Stratford resident, Bourque holds a bachelor's degree in psychology from Sacred Heart University and is pursuing an MBA in finance from Fairfield University. Prior to joining People's, she was a discount broker manager with another investment firm.

New Milford resident Kurt Kelley joins People's from Edward Jones, where he was an investment consultant. He will serve customers as an Investment Consultant in People's High Ridge office in Stamford. Kelley holds a bachelor's degree in marketing from Western Michigan University.

As investment consultants, Bourque and Kelley are responsible for providing needs assessment, and investment and life insurance advice to customers.

People's Securities, Inc., a NASD member brokerage firm and a wholly-owned subsidiary of People's Bank, offers a complete range of investment and insurance products, including stocks, bonds, options, money market funds and fixed- and variable-rate annuities, life insurance and asset management accounts. It also offers financial guidance including retirement planning, education planning and financial planning. Founded in 1983, People's Securities is based in Bridgeport and staffs People's statewide branch network with licensed investment representatives. People's Securities also can be accessed through peoples.com.

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 $13 billion, 155 branches and more than 230 ATMs. People's is a leader in consumer and commercial banking, residential lending, insurance sales, supermarket banking and is the nation's 16th-largest issuer of MasterCard and Visa credit cards. People's subsidiaries offer brokerage services, asset management, equipment financing and leasing, and insurance services.