May 26, 2011

May 26, 2011

PEOPLE’S UNITED FINANCIAL, INC. ELEVATES POWLUS TO
SENIOR EXECUTIVE VICE PRESIDENT

BRIDGEPORT, CT
– People’s United Financial, Inc. announced today that Lee Powlus, an executive vice president and member of the company’s Bank Management Committee, has been promoted to Senior Executive Vice President.

Powlus joined People’s United Financial, Inc. in 2008, through its acquisition of Chittenden Corp., where he was Senior Vice President and Director of Information Technology.

“I look forward to continuing to work with Lee, a critical member of our Management Committee, who contributes strongly to our business strategy development and implementation,” said Jack Barnes, President and Chief Executive Officer of People’s United Financial, Inc.

Powlus is responsible for Information Technology, Project Management, Information Security, Operations and eBusiness, Business Services and Real Estate Services. He has more than 20 years of experience in providing enterprise-level information technology solutions for financial services companies, including successful development and implementation of technology strategies and systems integrations.

Powlus received his MBA and Bachelor of Science from the University of Vermont.
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, is the largest independent bank in New England and 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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