February 24, 2005

People's Bank to Present at Keefe, Bruyette & Woods Investor Conference

BRIDGEPORT, CONN. - People's Bank (NASDAQ: PBCT), an $11 billion financial services company, today announced it will participate next week in the Keefe, Bruyette & Woods 2005 Regional Bank Conference in Boston, Mass.

Philip R. Sherringham, People's Chief Financial Officer, is scheduled to make a presentation at 2:00 P.M. on Wednesday, March 2, 2005.

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

Founded in 1842, People's Bank (www.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. For more information about People's, its products and services, please call 800-772-1090, visit www.peoples.com or any of People's branches.