October 17, 2011

People’s United Bank Announces Management Team For People’s United Business Capital

BRIDGEPORT, CT – People’s United Bank announced today the management team of its asset based lending business, People’s United Business Capital (PUBCAP). PUBCAP provides senior secured asset-based loans to clients from Maine to Washington, DC and offers loan facilities for companies requiring between $3 million and $25 million.

“While some of the predecessor institutions at People’s United did have asset-based lending capabilities, the bank’s current loan portfolio is under-weight asset-based loans,” said Mike Maiorino, Executive Vice President of Specialty Lending. “This under-weight position, combined with the bank’s excellent reputation, strong capital levels and footprint spanning the best commercial banking market in the United States makes this an exciting opportunity. As a result, we’ve attracted top talent.”

PUBCAP’s Northern Region – covering New England and located in Danvers, MA and Burlington, VT – is led by Paul Flynn, Executive Vice President. The sales team is headed by David Paikin, Senior Vice President, and includes Matt Modlish, Senior Vice President. The relationship management team includes Matt Plasse, Ed Howe, Mike Sheridan, Mary McLemore, Brian Roach and Justin Mills.

PUBCAP’s Southern Region – covering New York, New Jersey, Connecticut’s Fairfield County and points south and located in White Plains, NY and Iselin, NJ – is led by Tom Rappazzo, Senior Vice President. The sales team is headed by Gil Torres, Senior Vice President and includes Jose Roca in New York, and David Raphaels in New Jersey. The relationship management team includes Kim Salibello, Carmen Capporino, and Bob Munns.

Kate Lepak is the Director of Sales and Marketing for the entire business.

Carrie Squeo is manager of Administration and Operations, supported by Lois Sposito.

People’s United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with $28 billion in assets. Peoples United Bank, founded in 1842, is the largest independent bank headquartered in New England and provides consumer, commercial and wealth management services through approximately 370 branches in Connecticut, Massachusetts, Vermont, New York, New Hampshire and Maine. Through additional subsidiaries, People's United provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.
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