January 17, 2006

People's Bank 4th Quarter 2005 Earnings Conference Call Scheduled For Friday, January 20, 2006

BRIDGEPORT, CT - People's Bank (NASDAQ: PBCT) announced today that it will host a conference call on Friday, January 20, 2006, at 11 a.m. Eastern Time to discuss its fourth quarter 2005 earnings announcement.

The call will be broadcast live through the company's Internet site, peoples.com. It is accessible by selecting "Investor Relations" in the "About People's" section on the home page, and then selecting "Conference Calls" in the "News and Events" section.

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 153 branches, 70 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, brokerage, financial advisory 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 peoples.com or any of People's branches.