January 13, 2004

PEOPLE'S 4TH QUARTER 2003 EARNINGS CONFERENCE CALL SCHEDULED FOR FRIDAY, JANUARY 16, 2004

BRIDGEPORT, CONN. - People's Bank (Nasdaq: PBCT) announced today that it will host a conference call on Friday, January 16, 2004, at 11:00 a.m. Eastern Time to discuss its fourth quarter 2003 earnings announcement.

The 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 Bank (peoples.com) is a diversified financial services company providing commercial, consumer, insurance and investment services. Founded in 1842, it has assets of $12 billion, 154 branches and over 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.