BRIDGEPORT, Conn., Jan. 9 /PRNewswire-FirstCall/ -- People's Bank
(Nasdaq: PBCT) today announced that President and Chief Executive Officer John
A. Klein has undergone successful surgery. He reported in an e-mail to all
employees that he was doing well and expected to return to the bank in late
January. He also indicated that he would be working from home and be in
day-to-day contact with the bank's executive officers. Mr. Klein previously
had undergone cancer surgery in September 2004 and the recent operation
addressed a localized remnant of the prior procedure.
Founded in 1842, People's Bank (http://www.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, retail investment and
trust services to personal and business banking customers.
Certain statements contained in this release are forward-looking in
nature. These include all statements about our plans, objectives, expectations
and other statements that are not historical facts, and usually use words such
as "expect," "anticipate," "believe" and similar expressions. Such statements
represent management's current beliefs, based upon information available at
the time the statements are made, with regard to the matters addressed. All
forward-looking statements are subject to risks and uncertainties that could
cause People's actual results or financial condition to differ materially from
those expressed in or implied by such statements. Factors of particular
importance to People's include (1) changes in general economic conditions,
including interest rates; (2) potential improvements or deterioration in
credit quality; (3) competition among providers of financial services;
(4) residential mortgage and secondary market activity; (5) changes in
accounting and regulatory guidance applicable to banks; and (6) price levels
and conditions in the public securities markets generally. People's does not
undertake any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Access People's Bank on the World Wide Web at http://www.peoples.com.
It's Possible @ People's.
SOURCE People's Bank
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Related links:
http://www.peoples.com
Company News On-Call:
http://www.prnewswire.com/comp/113252.html
CONTACT:
Valerie C. Carlson, Corporate Communications
of People's Bank, +1-203-338-2351, Fax: +1-203-338-3461, or
vccarls@peoples.com
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