People's United Bank (PBCT) Acquires LEAF Commercial Capital
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People's United Bank Acquires LEAF Commercial Capital, Inc., one of the largest, independent commercial equipment finance companies in the U.S.
July 19, 2017 4:10 PM EDTBRIDGEPORT, Conn., July 19, 2017 /PRNewswire/ -- People's United Bank, N.A. announced today that it has entered into an agreement to acquire LEAF Commercial Capital, Inc. Based in Philadelphia, PA, LEAF is one of the largest, independent commercial equipment finance companies in the U.S., with approximately $500 million of annual originations.
"We are pleased to welcome the talented team at LEAF Commercial Capital to People's United Bank," said Jack Barnes, President and Chief Executive Officer. "LEAF is a highly-scalable commercial lending platform with attractive risk-adjusted returns... More
