March 20, 2003

Prospect Resident Receives CFP Designation

BRIDGEPORT, CONN. - Francis Carpentier, a portfolio manager with Rocky Hill-based Olson Mobeck Investment Advisors, Inc., a subsidiary of People's Bank, has received the Certified Financial Planner designation from the Denver-based Certified Financial Planner Board of Standards, Inc. The CFP designation is awarded to individuals who have met the board's education, examination and experience requirements and who are committed to high standards of ethical conduct.

"The CFP designation is an impressive addition to Fran's notable accomplishments and knowledge base," said Carlos Mello, managing director at Olson Mobeck. "Our clients expect and deserve a superior customer experience when they work with us, and enhancing the already formidable skills of our officers helps to achieve that superior experience."

Carpentier currently is responsible for managing investment portfolios comprised of stocks, bonds, options and mutual funds for individuals, corporations, qualified retirement plans and nonprofit organizations.

Carpentier began his career in asset management in 1987, working as an investment officer in the trust departments at both Lafayette Bank and Trust Company and Union Trust Company. In 1993, Carpentier moved to Fleet Investment Advisors, where he was vice president and senior investment specialist. He joined Olson Mobeck in 1998.

Carpentier graduated from Quinnipiac College with a bachelor's degree in finance. He and his wife, Kimberly, reside in Prospect, where he is a member of the Republican Town Committee and serves as an alternate commissioner on the Town Planning and Zoning Commission.

Founded in 1976, Olson Mobeck Investment Advisors, Inc., a Connecticut-based subsidiary of People's Bank, is an independently operated investment advisory firm managing approximately $800 million in assets. Olson Mobeck has a wide variety of clients including individuals, corporations, churches, not-for-profit/charitable organizations, and 401(k), pension and profit sharing plans.

People's Bank (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 19th-largest issuer of MasterCard and Visa credit cards. People's subsidiaries offer brokerage services, asset management, equipment financing and leasing, and insurance services.