March 1, 2004

People's Bank To Present At Keefe, Bruyette & Woods Investor Conference

BRIDGEPORT, CONN. - People's Bank (NASDAQ: PBCT), a $12 billion financial services company, today announced it will participate this week in the 2004 Keefe, Bruyette & Woods Eastern Regional Bank Symposium in Boston, MA.

John A. Klein, People's president and chief executive officer, and Philip R. Sherringham, People's chief financial officer, are scheduled to make a presentation at 10:30 A.M. on Thursday, March 4, 2004.

Presentation materials and a link to the live webcast will be available on People's Web site at www.peoples.com - Investor Relations - Investor Presentations, or at the Keefe, Bruyette & Woods' Web site at www.kbw.com.

People's Bank is a diversified financial services company providing consumer, commercial, insurance and financial advisory services. The bank is a leader in supermarket banking, with 64 of its 154 branches located in Super Stop & Shop stores. Through its subsidiaries, People's provides brokerage and financial advisory services, asset management, equipment leasing and financing, and insurance services.