EXHIBIT 99.1
Presentation Materials dated February 2008
99.1-1
 P B C T Sterne Agee Annual Bank & Thrift Symposium Presentation by Philip R. Sherringham February 2008 |
 P B C T 2 Forward-Looking Statement Certain comments made in the course of this presentation by People's United Financial are forward-looking in nature. These include all statements about People's United Financial's operating results or financial position for periods ending or on dates occurring after December 31, 2007 and usually use words such as "expect", "anticipate", "believe", and similar expressions. These comments represent management's current beliefs, based upon information available to it 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 United Financial'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 United Financial include, but are not limited to: (1) changes in general, national or regional economic conditions; (2) changes in interest rates; (3) changes in loan default and charge-off rates; (4) changes in deposit levels; (5) changes in levels of income and expense in non-interest income and expense related activities; (6) residential mortgage and secondary market activity; (7) changes in accounting and regulatory guidance applicable to banks; (8) price levels and conditions in the public securities markets generally; (9) competition and its effect on pricing, spending, third- party relationships and revenues; and (10) the successful integration of Chittenden Corporation. People's United Financial does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
 P B C T 3 Premier Regional Bank in New England Full service commercial bank Headquartered in Fairfield County, CT Three primary lines of business: Middle Market Commercial Banking Retail and Small Business Banking Wealth Management Seven banks across six states More than 300 branches and over 400 ATMs Total assets of $21 billion Total deposits of $15 billion |
 P B C T 4 Recent Strategic Actions Raised $3.4 billion of equity Re-branded People's Bank to People's United Bank Applied for permission for early share repurchase program Completed Chittenden acquisition Created new organizational structure |
 P B C T 5 People's United Footprint Diversified footprint with 300+ branches and $15 billion in deposits across six states Considerable scarcity value as only major independent bank with presence across Northeast NH MA VT CT ME % of Deposits 10 7 19 59 5 Branches 38 22 51 159 30 NY - 2 MA ME VT RI CT Bennington Bridgeport Boston Worcester Springfield Providence NH Burlington Portland Manchester 89 91 93 195 495 84 |
 P B C T 6 People's United Markets Connecticut Highest per capita income in the United States Fairfield County per capita income nearly double the national average Population 3.5 million Businesses 300,000 Vermont Population 620,000 Businesses 30,000 Southern New Hampshire Population 1.0 million Businesses 40,000 |
 P B C T 7 People's United Markets Greater Springfield, MA Population 850,000 Businesses 23,000 Greater Worcester, MA Population 770,000 Businesses 25,000 Greater Bangor, ME Population 147,000 Businesses 6,000 Greater Portland, ME Population 470,000 Businesses 20,000 |
 P B C T 8 Leading Market Positions State / County Market Share (%) Deposits ($Bn) Branches Rank 11.3 9.1 158 3 Connecticut 20.8 5.0 64 1 Fairfield County, CT 27.5 2.7 51 1 Vermont 6.3 1.4 38 4 New Hampshire ALL DATA AS OF JUNE 2007; Source: FDIC |
 P B C T 9 Operating Model: Keeping It Simple Low cost, stable core deposit funding Emphasis on relationship-driven commercial lending Strong liquidity position – minimal wholesale leverage Disciplined loan and deposit pricing Conservative underwriting standards Focus on customer experience and convenience Local bank of choice |
 P B C T 10 People's United Financial Total Assets $21.1 Loans $14.6 Deposits $15.1 Stockholders' Equity $5.2 Tangible Equity $3.6 Tangible Equity Ratio 19% Branches 300+ ($ in billions) Dec. 31, 2007 Pro Forma |
 P B C T 11 Summary Financial Condition ($'s in millions) People's Chittenden Total assets 13,555 $ 7,435 $ Loans 8,950 5,659 Allowance for loan losses 73 74 Securities, net 61 924 Short-term investments 3,516 - Deposits 8,881 6,233 Borrowings - 144 Subordinated notes 65 125 Stockholders' equity 4,445 847 Dec. 31, 2007 |
 P B C T 12 4 QTR 2007 Highlights (1) Chittenden non-interest expense includes $4.6mm merger costs for Community Bank & Trust acquisition ($'s in millions) People's Chittenden Net interest income 125.0 $ 70.7 $ Provision for loan losses 2.9 2.0 Non-interest income 46.1 21.5 Non-interest expense (1) 100.0 60.3 Income from continuing operations 45.7 30.0 Income from discontinued operations 0.3 - Net income 46.0 $ 21.2 $ Selected Statistical Data: Net interest margin 4.01% 4.33% Return on average assets 1.37% 1.17% Return on average stockholders' equity 4.10% 10.65% Efficiency ratio 57.4% 57.3% |
 P B C T 13 Net Interest Margin Percent 4.29 4.06 4.14 4.33 4.33 4.01 4.28 4.23 3.94 4.01 4Q 2006 1Q 2007 2Q 2007 3Q 2007 4Q 2007 People's Chittenden |
 P B C T 14 Asset Quality Dec. 31, 2007 ($'s in millions) People's Chittenden Non-performing loans 20.3 $ 34.1 $ REO and repossessed assets 5.8 1.8 Total non-performing assets 26.1 $ 35.9 $ Net loan charge-offs (Q4 07) 3.7 $ 1.9 $ Net loan charge-offs (YTD 07) 9.3 $ 5.6 $ Net loan charge-offs / avg loans (Q4 07) 0.17% 0.14% Net loan charge-offs / avg loans (YTD 07) 0.10% 0.11% NPA's / Total Loans, REO & Repossessed assets Allowance / NPL's 358% 216% Allowance / Total Loans 0.81% 1.30% 0.29% 0.64% |
 P B C T 15 Key Strategies |
 P B C T 16 Commercial Banking Experienced management team Long-term stable market presence Local knowledge and decision making Success in attracting talent and customers from competitors |
 P B C T 17 Retail & Small Business Banking Continued focus on margin management Particular emphasis on disciplined pricing Concentrate on core business and retail customer relationships Acquisition: focus on mass affluent market Expansion: expand breadth of consumer relationships Retention: continued focus on differentiated customer experience Increase fee-based income Utilize Chittenden business model to aggressively expand small business relationships throughout People's United Bank |
 P B C T 18 A Winning Combination Complementary to Connecticut branch network: Not a stand-alone strategy Stop & Shop is the leading grocery store chain in Connecticut (1) Exclusive long-term agreement Full service banking 7-days-a-week Stop & Shop network accounts for 47% of total branch transactions 52% of new retail checking and savings accounts 41% of new commercial checking accounts 35% of home equity loan originations Note: (1) Source: Modern Grocer |
 P B C T 19 Wealth Management Offer a full array of services to businesses and individuals Expand brokerage and asset management across the People's United Bank footprint Focus on offering insurance services to commercial customers Continue to grow individual and business relationships through private banking, brokerage and retirement planning services |
 P B C T 20 Outlook |
 P B C T 21 PBCT In Today's Environment Asset Quality No sub prime / Alt A / SIV exposure Very low net charge-offs and NPA's Liquidity No borrowings Over $3.5 billion in cash equivalents as of January 2008 Capital Over $2 billion in excess capital post Chittenden Strong ratios - pro forma tangible equity ratio post Chittenden of 19% Earnings (4Q 07) Margin: 4.01% ROA: 1.37% |
 P B C T 22 Near-Term Priorities Successfully integrate Chittenden Maintain focus on driving financial performance Judicious management of significant excess capital position |