August 15, 2003

SPEZZANO NAMED ASSISTANT SERVICE MANAGER AT PEOPLE'S BANK RIVERSIDE BRANCH

BRIDGEPORT, Conn. - Greenwich resident David Spezzano has been named assistant service manager at People's Bank's Riverside branch office, People's officials announced today. A native of Greenwich, Spezzano brings his relationships in the community and understanding of customers' financial needs to the position.

Spezzano will be responsible for creating new business in the Greenwich market and retaining existing banking business, according to Stephen Shealy, Greenwich market manager.

A 1998 graduate of Greenwich High School, Spezzano captained the varsity football team and was a member of the 1996 Fairfield County Interscholastic Athletic Conference (FCIAC) championship squad.

"David's familiarity with the community will certainly be an asset to People's Bank," said Shealy. "Having grown up in Greenwich, he truly brings the idea of 'community banking' to his customers, who are also his neighbors and friends."

Spezzano is a 2002 graduate of Hamilton College. He holds a Bachelor of Arts degree in government.

People's (peoples.com) is a diversified financial services company providing consumer, commercial, insurance and investment services. Founded in 1842, it is the largest state-chartered bank in Connecticut with assets of $12 billion;155 branches, including 60 in convenient Super Stop & Shop locations;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.