People’s United Names Paul D. Burner Chief Financial Officer

  Most Recent Role as CFO of Citibank North America Caps 29-Year Tenure at

                                 Citigroup



    BRIDGEPORT, Conn., July 17 /EMWNews/ -- People's United

Financial, Inc. (Nasdaq: PBCT) today announced it has named Paul D. Burner

Senior Executive Vice President and Chief Financial Officer of the company

and its principal subsidiary, People's United Bank, effective August 5,

2008. Burner, 55, was most recently Chief Financial Officer of Citibank

North America, a $120 billion retail banking business serving consumer and

commercial customers in over 1,000 branches across 13 states. He joins

People's United from a 29-year career at Citigroup where he held positions

of increasing responsibility in a variety of business lines, including

commercial lending and consumer finance.



    As CFO of Citibank North America, beginning in 1998, Burner was

responsible for working across business areas to help drive change

throughout the organization. He implemented a variety of income-driving and

cost-savings initiatives, participated in significant decisions regarding

acquisitions and divestitures, and improved business controls throughout

the company.



    "Paul's experience, which spans three decades, is as broad as it is

deep and includes essentially every area of financial and business

oversight," said Philip R. Sherringham, President and Chief Executive

Officer, People's United Financial. "We welcome him to People's United and

look forward to working together as we continue to build the premier

regional banking company in the Northeast."



    During his career at Citigroup Burner worked in a range of businesses

and developed extensive capabilities in a variety of areas such as

acquisitions, wealth management and treasury. His other past roles include

Executive Vice President and Treasurer, Primerica Financial Services; Chief

Operating Officer, Primerica Financial Services of Canada; Director of

Funding and Assistant Treasurer, Commercial Credit Company; and Regional

Director, Corporate Finance, Commercial Credit Company.



    People's United Financial, a diversified financial services company

with $20 billion in assets, through its principal subsidiary, People's

United Bank provides consumer and commercial banking services across a

network of more than 300 branches in Connecticut, Vermont, New Hampshire,

Massachusetts, Maine and New York. Through its subsidiaries, People's

United Bank provides equipment financing, asset management, brokerage and

financial advisory services, and insurance services.



    People's United Bank. Everything Starts With You.