BRIDGEPORT, CT - AUGUST 30, 2018
People's United Bank, N.A. a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), has bolstered its commercial banking capabilities with the formation of Franchise Finance, Technology/Private Equity Finance and Not-For-Profit Finance teams. Three senior industry specialists were hired to lead each vertical. They will be based in Boston, MA, and be responsible for the growth of each new specialty across the bank’s footprint.
"As the financial needs of our clients evolve, we must provide the expertise they demand to ensure long-term success,” said Patrick Sullivan, Executive Vice President, Massachusetts Market President, and Head of Commercial Banking. “Our clients increasingly require specialists who understand the complex challenges they face and can serve as advisors, helping them achieve sustainable growth."
John Dysart, Franchise Finance: With more than 25 years’ experience, Dysart will lead the newly formed Franchise Finance team, serving brand name food franchises nationwide. This includes experienced franchise owner/operators, franchisors, holding companies and private equity owned chains. Offerings include term loans, leases and business solutions from managing cash to business insurance. Dysart spent the past eight years as Managing Director for the Restaurant Finance Group at Citizens Bank, where he was responsible for sole bank and syndicated credit facilities. Previously he served in various specialty finance roles at Pinnacle Commercial Capital in Indianapolis, IN, CBA Commercial in Stamford, CT and BB&T in Charlotte, NC, among others. He is a graduate of Southern Oregon University.
Dave Dailey, Technology/Private Equity Finance: With more than 20 years’ experience, Dailey will lead the Technology/Private Equity Finance team, providing loans and full-service banking solutions to Technology and Private Equity firms primarily in the Northeast. He has experience building, transforming and rapidly growing multi-million dollar businesses in Technology, Life Sciences and Private Equity. Dailey spent over 20 years at Silicon Valley Bank in Boston, MA, and Chicago, IL. Roles at Silicon Valley Bank included Senior Relationship Manager building the Chicago business, Senior Credit Officer, Regional Manager, National Head of Product Sales and most recently, Head of Foreign Exchange. A graduate of Boston College, Dailey is a regular volunteer and fund raiser for Habitat for Humanity, New Life Furniture Bank of MA, Best Buddies Challenge and Boston College.
Bruce Figueroa, Not-For-Profit Finance: With more than 30 years’ experience, Figueroa will lead the Not-For-Profit Finance team, focusing on educational institutions, human services, conservation, research and cultural organizations. He brings extensive experience in corporate and non-profit banking, spending the past 24 years at Citizens Financial Group, where he led the bank’s non-profit division. Previously, he spent 12 years at Fleet Bank in various roles in corporate marketing/strategy, and corporate and non-profit banking. A graduate of St. Lawrence University (BA) and Boston University (MBA), he volunteers regularly and sits on the Boards of The Dimock Center, the Children’s Investment Fund and the Finance Committee of the Walnut Hill School for the Arts.
“John, Dave and Bruce each have in-depth industry knowledge and expertise, and will add meaningful value to our clients and prospects in the markets we serve,” added Sullivan.
About People's United Bank
People's United Bank, N.A. is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with approximately $45 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 nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.