People's United Financial (PBCT) 8-K Regulation FD Disclosure

EXHIBIT 99.1

Presentation Materials dated September 30, 2009

Third Quarter 2009

Investor Presentation

As of September 30, 2009

1

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 September 30, 2009 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 completion of the

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.

Forward Looking Statement

2

People’s United Financial, Inc.               NASDAQ: PBCT

Market Capitalization (11/02/09):

$ 5.5 billion, #14

Assets:

$ 20.8 billion, #24

Loans:

$ 14.1 billion, #24

Deposits:

$ 15.1 billion, #25

Branches:

~ 300

ATMs:

> 440

Employees (FTE):

~ 4,300

Founded:

1842

Snapshot, as of September 30, 2009

Corporate Overview

3

People’s United Footprint

Diversified footprint with approx.

300 branches and $15 billion in

deposits across six states

Considerable scarcity value as

the largest independent bank

headquartered in New England

VT

NH

Fairfield Ct.

CT

MA

% of

Deposits

17

9

35

62

6

Branches

46

31

63

160

19

ME

5

33

Market

Share

#1

#4

#1

#3

#24

#7

NY

1

4

N/A

4

Investment Thesis

Strong Balance Sheet with Significant Capital Surplus

Tangible Capital Ratio of 18.6%

No Wholesale Borrowings

Exceptional credit quality

Low level of non-performing assets of 1.35%

Combined net charge-off ratio of 0.44% annualized

Significant and low cost deposit market share

Cost of deposits continues to decline, at 1.13% for 3Q09

Deposits entirely fund loans

Opportunities Abound!

Drive organic growth

Actively evaluating acquisition options

Positioned to leverage earnings growth via our asset sensitive balance sheet

We are excited about growth and confident in our position

5

18.6%

6.5%

0.00%

5.00%

10.00%

15.00%

20.00%

PBCT

Peers

2.50

3.00

3.50

4.00

4.50

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

PBCT

Peers

PBCT Core

Peer Comparison

As of September 30, 2009

On all important measures, People’s United remains stronger than peers

Net Interest Margin

Return on Average Assets

Tang. Equity / Tang. Assets

* See Appendix for peer group

Asset Quality

0.93%

3.16%

1.35%

4.17%

0.44%

2.08%

1.21%

2.31%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

NPAs /

Assets

NPAs /

Loans + REO

NCOs /

Loans

Allowance /

Loans

PBCT

Peers

-2.00

-1.50

-1.00

-0.50

0.00

0.50

1.00

1.50

2.00

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

PBCT

Peers

6

Average Earnings Asset Mix

3Q 08

Home

Equity

12%

Securities &

Investments

19%

Commercial

Banking

50%

Residential

Mortgage

19%

3Q 09

Home

Equity

12%

Securities &

Investments

23%

Commercial

Banking

50%

Residential

Mortgage

15%

We remain focused on growing core commercial and consumer lending,

while excess capital is safely held in liquid investments

$9,375

$2,809

$4,218

$2,270

$8,872

$3,360

$3,459

$2,077

7

Average Funding Mix

Our assets are funded nearly entirely with deposits and equity, which

reinforces our fortress balance sheet.

3Q 08

Interest-

bearing

Deposits

56%

Demand

Deposits

16%

Stockholders’

Equity

26%

3Q 09

Interest-

bearing

Deposits

57%

Stockholders’

Equity

25%

Demand

Deposits

16%

Sub-debt /

Other

2%

Sub-debt /

Other

2%

Cost of Deposits = 1.13%

Cost of Deposits = 1.63%

8

Commercial Banking

Average core Commercial lending increased 3% annualized in 3Q09

Loan pricing has improved as competitors pull back

Commercial loan yields increased 6bps during the quarter

Fee income growth initiatives are underway

Experienced management team provides local knowledge and

decision

making,

successfully

attracting

talent

and

customers

from competitors

People’s United remains focused on growing core middle market

commercial loans and deposits

9

Commercial & Industrial Loans

Historical Credit Performance

NPAs

(%)

NCOs (%)

Commentary

•

Well diversified portfolio

•

Focused on core middle market

customers, where larger banks can

not benefit from economies of scale

•

Equipment Finance arm focused on

mission critical equipment with

good resale values

•

Core portfolio is all self-originated,

with rigorous underwriting and

ongoing credit administration

0.99

0.92

2.04

2.07

0.00

0.50

1.00

1.50

2.00

2.50

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

0.35

0.31

1.57

2.13

0.00

0.50

1.00

1.50

2.00

2.50

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

10

Commercial Real Estate Loans

Historical Credit Performance

Commentary

•

CRE portfolio totals $5.4BN, 94% was

originated by us, $306MM represents

shared national credits, which we

fully underwrote

•

All CRE loans are underwritten on a

cash flow basis

•

Portfolio is well diversified

•

Construction portfolio is $855MM

down 8% from $925MM at 12/31/08

•

Florida construction represents less

than $30MM

•

Over 80% of the CRE charge-offs

relates to one shared national credit

NPAs

(%)

NCOs (%)

1.49

1.43

2.85

3.15

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

0.57

0.04

0.64

0.83

0.00

0.25

0.50

0.75

1.00

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

11

The Shared National Credits portfolio was initially established to expand

geographic diversity in the loan portfolio, and has been in run-off mode

since the beginning of 2008.

Shared National Credits

Outstandings, as of

($ in millions)

31-Dec-07

31-Dec-08

31-Mar-09

30-Jun-09

30-Sep-09

Commercial Lending

456.3

$    

393.7

$    

398.2

$    

328.1

$    

308.2

$   

Commercial Real Estate

284.2

289.8

294.9

310.8

306.0

  Total loans

740.5

$    

683.5

$    

693.1

$    

638.9

$    

614.2

$   

Aggregate Exposure, as of

($ in millions)

31-Dec-07

31-Dec-08

31-Mar-09

30-Jun-09

30-Sep-09

Commercial Lending

747.1

$    

784.8

$    

767.4

$    

711.4

$    

703.4

$   

Commercial Real Estate

577.0

417.0

403.6

401.8

384.1

  Total loans

1,324.1

$ 

1,201.8

$ 

1,171.0

$ 

1,113.2

$ 

1,087.5

$

Current Maturity Schedule

(based on Outstanding balances)

2009

2010

2011

2012

2013 +

Commercial Lending

2%

11%

15%

16%

6%

Commercial Real Estate

13%

22%

13%

-

2%

  Total loans

15%

33%

28%

16%

8%

12

Wholesale

trade

4%

Professional

services

10%

Arizona

6%

Colorado

6%

Shared National Credits

The portfolio is broadly diversified by both geography and industry

CRE –

Geography

C&I –

Industry

$ 306.0 million

$ 308.2 million

Ent.

12%

Manufacturing

26%

REITs

37%

Washington

31%

New York

21%

Other (<5%)

14%

Florida

9%

Virginia

13%

Other

11%

13

Retail & Small Business

14

Retail & Small Business

Relationship and service focus translates to low deposit rates

Highly developed model in southern New England

Core deposit gathering

Multiple

products

and

cross

selling

–

4.6

products

per

customer

#1 deposit market share in Fairfield County

Westchester, NY expansion over the past 2 years now represents 4

branches and over $250 million of deposits

Retail-focused branch experience rolling out in northern New England

Increase penetration from 3.0 products per customer

Deposit pricing discipline and high-quality consumer lending

expansion will allow a continued focus on margin management

15

Stop & Shop Partnership

Complementary to the traditional branch network

Approximately half of our CT branches are in Stop & Shop

Exclusive partnership with the leading grocery chain in CT

Stop & Shop has the #1 grocery market share in CT

Partnership runs through 2022

Full-service branches that now account for:

55% of new retail checking and savings accounts

40% of new commercial checking accounts

32% of home equity loan originations

The Stop & Shop partnership allows People’s United to provide

extended hours and convenience while limiting cost

16

Residential Loans

Historical Credit Performance

NPAs

(%)

NCOs (%)

Commentary

•

Low LTV at origination

•

Current FICO of 725

•

Stopped portfolioing

residential

mortgages in Q4 2006

•

Of the $49.8MM in NPLs, two-

thirds have current LTV of <90%

•

Strength of original underwriting

should continue to minimize loss

content in NPAs

1.88

1.74

2.21

2.76

0.00

0.50

1.00

1.50

2.00

2.50

3.00

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

0.39

0.10

1.53

1.71

0.00

0.50

1.00

1.50

2.00

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

17

Home Equity

Historical Credit Performance

Commentary

0.27

0.17

1.02

1.26

0.00

0.50

1.00

1.50

2.00

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

NPAs

(%)

NCOs (%)

0.20

0.17

1.68

2.34

0.00

0.50

1.00

1.50

2.00

2.50

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

Q2 2009

Q3 2009

PBCT

Peer Group Mean

Top 50 Banks

•

As of Q3 2009, Home Equity

loans stood at $2.0BN, flat from

Q2 2009 levels

•

Q3 2009

utilization rate was

47.5%,

compared

to

Q2

2009

rate

of

47.6%

•

NPAs

upticked

this quarter, while

charge-offs have remained low

•

While volume has slowed, Home

equity remains an important part

of our retail relationships

18

Wealth Management

Offer a full array of services to businesses and individuals

Expand brokerage and asset management across the People's

United footprint

Continue to grow individual and business relationships through

private banking, brokerage and retirement planning services

Focus on offering insurance services to commercial customers

Assets managed and administered totaled $16.4 billion

Wealth Management offers significant growth potential as services

are expanded across the franchise

19

Third Quarter Results

Net income of $26.8 million or $0.08 per share

Net interest margin of 3.19%

Net loan charge-offs of 0.44% of average loans

NPAs

to loans, REO & repossessed assets of 1.35%

Tangible equity ratio of 18.6%

Results reflect continued discipline in a difficult economy

20

Net Interest Margin

The core margin was able

to expand in 3Q09 due to

better spreads in new

loan originations as well

as a continued reduction

in deposit costs

.

3Q08

4Q08

1Q09

2Q09

3Q09

3.99%

3.94%

3.66%

3.58%

3.65%

3.71%

3.55%

3.25%

3.12%

3.19%

2.00%

1.25%

0.78%

0.25%

0.25%

21

Non-Interest Income

Wealth Management fees have declined due to market conditions, and

bank service charges due to change in customer behavior

3Q 09

3Q 08

Service

Charges

43%

Other

20%

Service

charges

44%

Other

16%

Invest. Mgt.

Merchant

Processing

8%

Wealth

Management

23%

Wealth

management

30%

$80.2 million

$74.2 million

Merchant

processing

10%

Securities

Gains

6%

22

Evolving Acquisition Strategy

Our preference is for whole bank transactions:

Commercially-oriented franchises with a strong core deposit base

Attractive markets of the Northeast United States, including contiguous, in-

market and new markets

FDIC assisted deals in geographies where we could establish or enhance

a strong market share

Primary deal hurdles:

IRR substantially higher than our cost of capital

Significantly enhance our long-term earnings power

Our Approach: Patient and Opportunistic

23

A hurdle to deals has been trying to bridge the gulf between sellers and

buyers expectations…

FASB

141(r)

credit

marks

significantly

impact

buyers

returns

and

pricing

ability

Many

sellers

remain

steadfast

in

their

confidence

in

the

quality

of

troubled

loan

portfolios

…

But, we are not just waiting around

We have conducted due diligence on several franchises and evaluated many

opportunities

We continue to evaluate alternative and creative strategies to help move the ball

along with "open" transactions

Actively participating in the FDIC process, and look forward to completing a "closed"

FDIC assisted transaction

Continue measured de novo expansion into attractive contiguous markets

Continue to use our capital and brand to lend to our existing and new customers

Evolving Acquisition Strategy

24

Conclusion

Shareholders are protected by continued strength in

underwriting and asset quality

Significant capital reserves will be used primarily

to fund future growth

Management remains aligned with shareholders in building

long-term value

Will continue to maintain focus on driving financial performance

People’s United remains committed to continuing to increase

shareholder value

Appendix

26

High Quality Consumer Portfolio

Total Portfolio $4.9 billion

(as of September 30, 2009)

Residential Mortgage Portfolio

Credit Statistics

Weighted Average:

Loan

to

value

51%

FICO

scores

725

Net charge-offs:

0.39%

Non-accrual:

1.88%

Home Equity Portfolio

Credit Statistics

Weighted Average:

Combined

LTV

55%

FICO

scores

751

Net charge-offs:

0.26%

Non-accrual:

0.27%

(1) Excludes the impact of the former Chittenden Corp.

1-4 Family

Residential

54%

Home Equity

Loans & Lines

40%

Indirect

Auto

5%

Other

1%

1

1

1

1

27

Well Balanced Commercial Portfolio

Retail

25%

Office

24%

Industrial

12%

Residential

15%

Hospitality

10%

Other

11%

Land

3%

As of September 30, 2009

Total Portfolio $9.4 billion

*  Includes the Commercial Real Estate portion of the Shared National Credit portfolio of $306 million

CRE, By Sector

General C&I

26%

SNC

7%

Commercial

Real Estate

54%

PCLC

13%

1

$5.4

billion

CRE

28

Construction Lending Detail

Total Construction Portfolio $855 million

As of September 30, 2009

Our construction exposure is modest at less than 6% of the total

loan

portfolio, and is a diverse mix of geographies and sectors.

Residential

45%

Land

11%

Retail

21%

Office

8%

15%

Other

Total Loans

$14.3 billion

By Geography

By Sector

Connecticut /

New York

43%

Other New

England

32%

15%

Other

29

Peer Group

Company Name

Ticker

State

Associated Banc-Corp

ASBC

WI

Astoria Financial Corporation

AF

NY

BOK Financial Corporation

BOKF

OK

City National Corporation

CYN

CA

Comerica Incorporated

CMA

TX

Commerce Bancshares, Inc.

CBSH

MO

Cullen/Frost Bankers, Inc.

CFR

TX

First Horizon National Corporation

FHN

TN

Flagstar Bancorp, Inc.

FBC

MI

Fulton Financial Corporation

FULT

PA

Hudson City Bancorp, Inc.

HCBK

NJ

M&T Bank Corporation

MTB

NY

Marshall & Ilsley  Corporation

MI

WI

New York Community Bancorp, Inc.

NYB

NY

Synovus Financial Corp.

SNV

GA

TCF Financial Corporation

TCB

MN

Valley National Bancorp

VLY

NJ

Webster Financial Corporation

WBS

CT

Zions Bancorporation

ZION

UT

For more information, investors may contact:

Jared Shaw

jared.shaw@peoples.com

(203) 338-4130