April 12, 2004

People's Bank 1st Quarter 2004 Earnings Conference Call Scheduled For Friday, April 16, 2004

BRIDGEPORT, CONN. - People's Bank (NASDAQ: PBCT) announced today that it will host a conference call on Friday, April 16, 2004, at 11 a.m. Eastern Time to discuss its first quarter 2004 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 (peoples.com) is a diversified financial services company providing consumer and commercial banking services, in addition to insurance and financial advisory services. Founded in 1842, it is the largest state-chartered bank in Connecticut with assets of $11 billion, 154 branches and 238 ATMs. People's is a leader in consumer and commercial banking, residential lending, insurance sales, and supermarket banking. People's subsidiaries provide brokerage and financial advisory services, asset management, equipment leasing and financing, and insurance services.