October 17, 2014

Andrew Hersom Joins People's United Bank as Senior Vice President, Investor Relations,
Peter Goulding Transitions to Senior Vice President, Corporate Development and Strategic Planning


BRIDGEPORT, CT – People's United Bank announced today its appointment of Andrew Hersom as Senior Vice President, Investor Relations, responsible for the organization's investor relations. Peter Goulding, who previously led both investor relations and corporate development, will now focus on the latter as Senior Vice President, Corporate Development and Strategic Planning at People's United.

Hersom joins People's United from The Travelers Co. where he was Director, Investor Relations, responsible for developing and delivering effective and consistent communications to investors, financial analysts and the market while partnering with senior leadership on competitive and market activity. Prior to that, Hersom was a financial analyst with Citigroup and he began his career with the Internal Revenue Service. A resident of Glastonbury, CT, Hersom graduated magna cum laude with a Bachelor's Degree in Economics from Providence College and holds an MBA in Finance from the University of Connecticut.

“We are very pleased to welcome Andrew to our team,” said Jack Barnes, President and Chief Executive Officer, People's United Bank. “His depth of experience in the investor relations community along with his extensive financial and communications knowledge will serve our investors and the market well."

“We all recognize that Peter Goulding has devoted a tremendous amount of time and energy to both investor relations and corporate development issues since joining the bank in January 2009,” Barnes continued. “He will focus on the latter going forward in his new position. We thank Peter for his past leadership in Investor Relations and wish him continued success in his new role.”

People's United Bank is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with $35 billion in assets. People's United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.

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