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People's Bank Reports Resolution of Contract Issues; Expects to Record Second-quarter Gain.

Publication: PR Newswire
Publication Date: 27-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BRIDGEPORT, Conn., May 27 /PRNewswire/ -- People's Bank announced today that it has entered into an agreement resolving issues regarding its financial obligations under a contract for the servicing of its credit card portfolio, which was sold in March 2004. People's had previously established an accrued liability to account...

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