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September 13, 2000

People's Bank Brings To Avon The Future of Financial Services

AVON, CONN.
The future of financial services has arrived in Avon with the opening of the newest People’s Financial Center at 27 East Main Street in Old Avon Village.

The People’s Financial Center is an innovative concept that brings together People’s diversified array of financial products and services in one convenient location. At this revolutionary new site, it’s easy for customers to do everything from personal banking to financial planning to stock trading. The Avon office is the third Financial Center in the People’s network and its 146th branch overall.

At a grand-opening celebration this evening, People’s announced a $500 donation to the Farmington Valley ARC (Association of Retarded Citizens), which provides services to 300 people in the Valley and their families.

“Anything and everything customers need to manage their finances can be found at People’s Financial Center,” said Robert R. D’Amore, People’s executive vice president, Marketing and Regional Banking. “This is a hands-on branch at which customers can get answers to any financial questions from experts on the premises.

The People’s Financial Center goes the extra mile to meet customers’ needs, even offering gourmet coffee. And in addition to financial services, People’s is providing customers with some of the extras that go along with managing personal finances. Three television monitors will be tuned to news channels providing up-to-the-minute news and information for customers, including continuous stock tickers. In addition, a stock quote terminal is available for real-time stock quotes.

The Financial Center’s large design has many additional features. At the Welcome area, customers can determine where to take their business within the center, or have their questions answered. In the Teller area, customers can perform all their banking transactions, while in the Investment area they can meet with a specialist from People’s Securities, Inc., or buy and sell stock. Customers also can meet with an insurance specialist or a trust officer.

In addition, customers can use ATMs and get a demonstration of People’s Online, the bank’s integrated Internet banking and trading solution.

Those features and services are available for longer hours than any other non-supermarket People’s branch. The center’s lobby and drive-up are open Monday through Friday from 8 a.m. to 6 p.m. and Saturday from 8 a.m. to 2 p.m.

The Avon Financial Center’s distinctive design fits perfectly with the charm of Old Avon Village and Avon’s commercial district. Part of the structure that houses the Financial Center is an historic building, and a barn-style addition – complete with massive exposed beams and a vaulted ceiling – house customer service areas. The drive-up areas are located at the rear of the addition and are covered by an awning-like extension of the roof.

The public is invited to visit Financial Center manager Wendy DeMore and assistant manager Csaba Gabor and learn about People’s grand opening specials, including bonus-rate CDs and an offer of free checking for one year plus 50 free checks.insurance services.

People’s (www.peoples.com) is a diversified financial services company providing commercial, consumer, insurance and investment services. Founded in 1842, it is the largest state-chartered bank in Connecticut with managed assets of more than $13 billion, 146 branches and 225 ATMs. People’s is a leader in commercial banking, residential lending, insurance sales and supermarket banking. An international credit card issuer, it ranks 17th nationally as an issuer of MasterCard and Visa credit cards. People’s subsidiaries offer brokerage services, asset management, equipment financing and leasing, and insurance services.

CONTACTS:
Paul Nonnenmacher, media relations officer, Corporate Communications, 203-338-3478 or ptnonne@peoples.com

Deborah P. MacDonnell, manager, External Communications, 203-338-3255 or dpmacdo@peoples.com

Roberta Burns-Howard, vice president, Corporate Communications, 203-338-2378 or rjburns@peoples.com.

BPT