Urquhart Promoted to President and CEO of People's Capital and Leasing Corporation at Cianciolo's Retirement

    Urquhart Promoted to President and CEO of People's Capital and Leasing
                    Corporation at Cianciolo's Retirement

PR Newswire

BRIDGEPORT, Conn., March 26, 2014

BRIDGEPORT, Conn., March 26, 2014 /PRNewswire/ --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 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.

SOURCE People's United Bank

Website: http://www.peoples.com
Contact: Valerie C. Carlson, Corporate Communications, 203.338.2351, Fax:
203.338.3461, valerie.carlson@peoples.com
 
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