June 15, 2011

June 15, 2011

John Traynor Joins People's United Bank as Senior Vice President and Chief Investment Officer

– People’s United Bank announced today that John Traynor has joined the bank as Senior Vice President and Chief Investment Officer. Traynor was previously with Hawthorn, a unit of PNC, where he has served as the Director of Investment Strategy and Alternative Investments.

At Hawthorn, Traynor was responsible for developing and communicating asset allocation recommendations. Additionally, he has worked with Hawthorn's most sophisticated clients in developing asset allocation and hedging strategies.

Traynor joined PNC in 2001 when that bank acquired the Greenwich, Connecticut firm of Thorson Traynor, where Traynor was a partner and CEO. Earlier in his career, Traynor was affiliated with Shawmut Bank and Citytrust, both Connecticut-based banking companies.

A resident of Fairfield, CT, Traynor replaces Matthew O’Reilly, who is retiring.

People’s United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with $25 billion in assets. Peoples United Bank, founded in 1842, provides consumer, commercial and wealth management services through nearly 340 branches in Connecticut, Vermont, New York, New Hampshire, Maine and Massachusetts. Through additional subsidiaries, People's United provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.

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