January 15, 2005

PEOPLE'S BANK 4TH QUARTER 2004 EARNINGS CONFERENCE CALL SCHEDULED FOR FRIDAY, JANUARY 21, 2005

BRIDGEPORT, CONN. -- People's Bank (NASDAQ: PBCT) announced today that it will host a conference call on Friday, January 21, 2005, at 11 a.m. Eastern Time to discuss its fourth 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.

Founded in 1842, People's Bank (peoples.com) is one of Connecticut's largest banks with assets of $11 billion, more than 240 ATMs and 155 branches, 66 of which offer convenient seven-day banking in Super Stop & Shop locations across the state. A diversified financial services company, People's Bank provides consumer, commercial, insurance, retail investment and trust services to personal and business banking customers. People's Bank is the official banking partner of the University of Connecticut Division of Athletics. For more information about People's, its products and services, please call 800-772-1090, visit peoples.com or any of People's branches.