March 26, 2014

Urquhart Promoted To President And CEO Of People's Capital And Leasing Corporation At Cianciolo's Retirement

Bridgeport, CT – Michael "Micky" Urquhart, a 17-year veteran of People's Capital and Leasing Corp. (PCLC) , a subsidiary of People's United Bank, will be promoted to President and CEO of PCLC as of March 31, following the retirement of Vincent Cianciolo, who led the company since 1997. 

"Micky has held a leadership position at PCLC since joining the $1.75 billion business, one of the largest bank-owned leasing companies in the country," said Jeff Tengel, Senior Executive Vice President, Commercial Banking at People's United Bank. "He has had a role in nearly every part of the business, from assisting in portfolio preservation, to people management, business development and credit review and is well-known and respected in the market and across the industry." 

Prior to joining People's United, Urquhart was President and founder of Main Line Capital, LLC, an equipment finance brokerage firm, and Vice President at Phoenixcor Inc., a finance and leasing company with participations in syndicated loans. He also worked at Coopers and Lybrand, LLC (now PwC). 

Urquhart, who earned his bachelor's degree in accounting from The Pennsylvania State University, is a member of Printing Industries of America and Authorized Equipment Dealers Association and active in his community.

Cianciolo joined the bank in 1992 as Commercial Regional Manager for Connecticut's northwest region. In addition to leading the launch of PCLC and growing the company, he assisted in the integration of businesses over the years.  Prior to joining People's United Bank, Cianciolo worked for Bank of Boston Connecticut for 20 years as Senior Vice President of the Commercial Lending Division.

"Vin is a long-time and well-respected member of our management team," Tengel said. "He has been a great asset to People's United and to the communities we serve. His leadership and business acumen have served us well through the years. We are pleased to congratulate Micky and wish Vin well in the next phase of his life," Tengel concluded.

People's United Bank is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with $33 billion in assets. People's United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.


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