November 30, 2007

People's United Financial Announces Hire of Treasurer

BRIDGEPORT, CONN. - People's United Financial, Inc. (NASDAQ: PBCT) announced today that it has hired R. David Rosato as Senior Vice President and Treasurer. Rosato brings to People's United more than 20 years of treasury and asset and liability management experience in positions of increasing responsibility. He began his career with M&T Bank in Baltimore and, for the last eight years, has held the position of Senior Vice President and Treasurer for Webster Financial Corporation (Waterbury, CT).

As Treasurer, Rosato will report to Philip R. Sherringham, Chief Financial Officer and acting-President and Chief Executive Officer. He will provide leadership to the bank's Asset Liability Management Committee (ALCO) and oversee the bank's interest-rate risk and liquidity profiles.

"We are pleased to have David join us at People's United and bring his expertise from two decades in financial services," Sherringham said. "His depth of experience and knowledge of capital markets will allow him to make meaningful contributions to the overall strategy of People's United."

People's United Financial is a diversified financial services company providing consumer and commercial banking services through a network of 160 People's United Bank branches, including 75 locations in Super Stop & Shop stores. Through its subsidiaries, People's United Financial provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.