People's Bank CEO Has Surgery

The bank says John Klein is doing well in his recovery.
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People's Bank (PBCT) - Get Report said CEO John A. Klein was recovering from successful cancer surgery.

The Bridgeport, Conn., bank said Klein told workers in an email that he was doing well and expected to return to the bank in late January. He also indicated that he would be working from home and be in day-to-day contact with the bank's executive officers.

Klein previously had cancer surgery in September 2004, and the recent operation addressed a localized remnant of the prior procedure, People's Bank said.

Early Monday, People's rose 35 cents to $32.40.