February 22, 2006

PBCT Mortgage Now Offering Residential Mortgages And Home Equity Financing In Massachusetts

BRIDGEPORT, CONN. - People's Bank, a leading home equity lender in Connecticut, announced today that it has begun to offer residential mortgages, home equity lines of credit and home equity loans in the state of Massachusetts through its business unit known as PBCT Mortgage.

"Massachusetts is a natural geographic extension of People's current market," said Wayne C. Walker, senior vice president for Residential and Consumer Lending for People's Bank. "As we previously announced our intention to expand consumer and residential lending into contiguous markets, we're pleased to be providing consumers in Massachusetts with an additional source of new, competitively priced home financing."

Massachusetts residents interested in a residential mortgage or home equity financing should call, Maureen Lord, PBCT Mortgage, at (860) 370-9621. Massachusetts consumers also may apply for residential mortgage or home equity financing by calling PBCT Mortgage, a business unit of People's Bank, Connecticut at (800) 772-1090 or by visiting www.pbctmortgage.com.

PBCT mortgage is a business unit of People's Bank. Founded in 1842, People's Bank, Connecticut 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 Connecticut. People's Bank, Connecticut is the official banking partner of the University of Connecticut Division of Athletics. For more information, please call 800-772-1090, or visit pbctmortgage.com.