1 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, 2010 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) failure of People’s United Financial and Danvers Bancorp to satisfy the closing conditions in the merger agreement in a timely manner or at all; (2) failure of the shareholders of Danvers Bancorp to approve the merger agreement; (3) failure to obtain governmental approvals for the merger; (4) disruptions to the parties’ businesses as a result of the announcement and pendency of the merger; (5) costs or difficulties related to the integration of the businesses following the merger with Danvers Bancorp and recent acquisitions; (6) changes in general, national or regional economic conditions; (7) the risk that the anticipated benefits, cost savings and any other savings from the merger may not be fully realized or may take longer than expected to realize (8) changes in loan default and charge-off rates; (9) reductions in deposit levels necessitating increased borrowings to fund loans and investments; (10) changes in interest rates or credit availability; (11) possible changes in regulation resulting from or relating to the recently enacted financial reform legislation; (12) changes in levels of income and expense in noninterest income and expense related activities; (13) competition and its effect on pricing, spending, third-party relationships and revenues. | 
