BRIGHTON, MASSACHUSETTS, December 7, 2004 … Thomas J. Leetch, president and chief executive officer of Peoples Federal Savings Bank, announced today that the Bank reached $290 million in total assets at its fiscal year end on September 30, 2004. This asset level represents a historical high for the 116-year-old bank.

Total retail and commercial deposit balances exceed $224 million.

“As one of the fastest growing community banks in Boston, Peoples Federal Savings Bank continues to attract new families and businesses to its wide range of banking services,” said Leetch.

Peoples Federal Savings Bank has full-service offices in Brighton, Allston, West Roxbury and Jamaica Plain, and maintains an online banking web presence at www.pfsb.com.

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