February 28, 2006

People's Wealth Management & Trust Surpasses $1 Billion Milestone In Assets Under Management

BRIDGEPORT, CONN. - People's Wealth Management & Trust has surpassed the $1 billion milestone in assets under management. Assets under management include personal trusts, estates, retirement plans and investment management accounts for which the bank exercises investment management discretion.

"Our trust officers have earned the confidence of generations of Connecticut families," said Roger Perry, first vice president and manager of People's Wealth Management & Trust. "It is that confidence, coupled with our individualized service and investment expertise, that has brought us the success we celebrate today."

In addition to assets under management, People's Wealth Management & Trust is custodian or directed trustee for approximately $2 billion. In total, People's Wealth Management & Trust has assets of $3 billion.

"Because our trust officers are local, they can meet regularly with clients to ensure that the bank is implementing their wishes," Perry added. "Local decision-making and immediate access are key determinants to our success." People's Wealth Management & Trust has regional offices in Hartford, New Haven, Bridgeport, Fairfield, Stamford and Cos Cob.

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.