President and CEO Is Working from Home and in Daily Contact with Executives
BRIDGEPORT, Conn., Sept. 13 /PRNewswire-FirstCall/ -- People's Bank
(Nasdaq: PBCT) today announced that President and Chief Executive Officer John
A. Klein has undergone successful cancer surgery. In an e-mail to all
employees, Mr. Klein reported that he was doing well and expected to return to
the bank in early October. He also indicated that he would be working from
home and be in day-to-day contact with the bank's executive officers.
People's (peoples.com) is a diversified financial services company
providing commercial, consumer, insurance, retail investment and trust
services. Founded in 1842, it is the largest state-chartered bank in
Connecticut with assets of $11 billion, 155 branches and more than 240 ATMs.
People's is a leader in consumer and commercial banking, residential lending,
insurance sales and supermarket banking. People's subsidiaries offer brokerage
services, asset management, equipment financing and leasing, and insurance
services.
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:
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CONTACT:
Vincent J. Calabrese, Senior Vice President
and Controller, +1-203-338-4114, or fax, +1-203-338-2362,
vince.calabrese@peoples.com, or Valerie C. Carlson, Vice
President, Corporate Communications, +1-203-338-2351, fax,
+1-203-338-3461, valerie.carlson@peoples.com, both of People's
Bank
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