People's United Financial Inc. announced the appointment of Jeff Tengel as President. He will lead the full complement of business lines at People's United.

"As our company continues to grow, we need to make sure our organizational structure properly supports the future trajectory of People's United," said Jack Barnes, Chief Executive Officer. "Jeff is uniquely qualified to help lead the company through our future expansion."

Tengel joined People's United in 2010 from PNC Bank to lead the Commercial Division. Since that time, he has expanded the Commercial Division and its product offerings adding Mortgage Warehouse, Large Corporate, International, Healthcare and Syndications. He has broadened and grown Treasury Management, Government Banking, Asset Based Lending and the Equipment Finance businesses. Tengel has also played an important role in integrating the numerous acquisitions completed over the last eight years.

"I am both honored and excited to be given this opportunity," Tengel said. "I look forward to working closely with all of our team members to continue to build on the success of People's United."

On July 31, 2017, People's United Bank, N.A., a subsidiary of People's United Financial, announced the completion of its acquisition of Philadelphia- based LEAF Commercial Capital Inc. The transaction brought the total assets of People's United equipment finance units to approximately $4 billion, which ranked as the 16th largest bank-owned equipment finance entity in the country.