News2019-10-22T20:38:09+00:00

News

Technology Financing Industry Leader Gary Sutton Announces Retirement

PHILADELPHIA, PA, October 25, 2019 – LEAF Commercial Capital, Inc. (“LEAF”), a leading U.S. equipment leasing and finance company and subsidiary of People’s United Bank, today announced that Gary Sutton, industry veteran and President and CEO of VAR Technology Finance (“VAR”), a division of LEAF, will retire in January 2020. Jonathan Fales, Vice President of Business Development at VAR will assume leadership of the company, and Kirk Sipes and Mark Finch will assume expanded business and program development roles as Sutton steps down.

LEAF and People’s United Bank Launch “Women in Leadership” Philadelphia Chapter

PHILADELPHIA, PA, September 26, 2019 – LEAF Commercial Capital, Inc. (“LEAF”), a leading U.S. equipment leasing and finance company and subsidiary of People’s United Bank, N.A., and People’s United Bank, today announced the launch of a new Women in Leadership Chapter (“WIL”) in Philadelphia, PA, where LEAF is based. This marks People’s United’s 11th Women in Leadership Chapter, which now totals more than 1,500 employee-members.

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Mark Farlin Joins LEAF as Vice President of Sales, Business Unit Head

PHILADELPHIA, PA, August 12, 2019 – LEAF Commercial Capital, Inc. (“LEAF”), a leading U.S. equipment leasing and finance company and subsidiary of People’s United Bank, N.A., today announced that Mark Farlin will join its team as Vice President of Sales, Business Unit Head for Healthcare.

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Jonathan Fales Joins VAR Technology Finance as VP of Business Development

MESQUITE, TX – VAR Technology Finance, a division of LEAF Commercial Capital, Inc., a subsidiary of People's United Bank, N.A., today announced that Jonathan Fales will join its team as Vice President of Business Development.

LEAF Promotes Four to Senior Vice President

Philadelphia, PA, April 24, 2019 – LEAF Commercial Capital, Inc. (“LEAF”), a leading U.S. equipment leasing and finance company and subsidiary of People’s United Bank, N.A. today announced the promotion of Bill Gallagher, Sandy Graydus, Mike McKie, and Paul Tyczkowski to LEAF’s executive leadership team as Senior Vice Presidents.

People’s United Bank Acquires VAR Technology Finance, an Industry-Leading Equipment Finance Company

BRIDGEPORT, CT – People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), has acquired VAR Technology Finance, a private, independent leasing and finance company that supports equipment sales through its financing programs within the technology channel for small, medium and large technology manufacturers, software companies and resellers. Headquartered in Mesquite, TX, VAR Technology Finance will become a division of People's United's operating subsidiary, LEAF Commercial Capital, Inc. ("LEAF").

JLG Financial™ Offers Retail Customers Fast, One-Stop Financing Options for Equipment Purchases

McConnellsburg, Pa. — November 6, 2018 — JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK] and a leading global manufacturer of aerial work platforms and telehandlers, is pleased to announce the launch of a new full-service retail lending program from JLG Financial™. The new retail financing program offers 100 percent financing, a quick and easy application and flexible payment plans, among other customer-focused features, and is available in the United States.

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People’s United Bank Acquires Vend Lease Company, a Leading Equipment Finance Business

BRIDGEPORT, CT – People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), has acquired Vend Lease Company, a nationwide provider of equipment financing to suppliers and vendors primarily in the hospitality industry. Headquartered in Baltimore, MD, Vend Lease will become a division of the Bank’s operating subsidiary, LEAF Commercial Capital, Inc.

LEAF to Drive Business Forward With LeaseWave From Odessa

Philadelphia, PA – July 17, 2018 - Odessa, a leader in equipment finance software solutions, today announced that LEAF Commercial Capital, Inc. (“LEAF”), a subsidiary of People's United Bank, N.A., has selected the Odessa Platform and the LeaseWave Product Suite. Continuing its long history of leveraging the latest technologies to power a superior customer experience and streamline service delivery, LEAF will further enhance equipment leasing operations with LeaseWave, a technology foundation that is faster, more flexible and architected to provide greater insight into its business.

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LEAF Promotes Michelle Speranza to Senior Vice President, Chief Marketing Officer

Philadelphia, PA, April 18, 2018 – LEAF Commercial Capital, Inc. (“LEAF”), a leading U.S. equipment leasing and finance company and subsidiary of People’s United Bank, N.A., today announced the promotion of Michelle Speranza to Senior Vice President, Chief Marketing Officer.

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People’s United Bank Completes Acquisition of LEAF Commercial Capital, Inc.

BRIDGEPORT, CT - People’s United Bank, N.A. today announced the completion of its acquisition of Philadelphia, PA based LEAF Commercial Capital, Inc. The transaction brings the total assets of People’s United equipment finance units to approximately $4 billion, which ranks as the 16th largest bank-owned equipment finance entity in the country, and is immediately accretive to People’s United earnings.

People’s United Bank & LEAF Commercial Capital, Inc. – Fortified for Success

On July 19, People’s United Financial, Inc. announced it had signed an agreement to acquire LEAF Commercial Capital – a Philadelphia-based equipment finance company and early adopter of innovative financing automation technology. Under the terms of the agreement, People’s United – which began life 175 years ago as a small savings bank in Bridgeport, Connecticut – will acquire approximately $730 million of LEAF's net investment in leases and loans, and retain approximately $250 million of its securitizations. Operating as a subsidiary of People’s United, LEAF will continue under its own brand and leadership to serve equipment leasing and finance markets distinct from, but complementary to, those served by People’s United. The deal is set to close in the third quarter of 2017.

People’s United Bank Acquires LEAF Commercial Capital, Inc., one of the largest, independent commercial equipment finance companies in the U.S.

BRIDGEPORT, CT., 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.

Fronius Names LEAF Commercial Capital, Inc. as Exclusive Financing Partner

Philadelphia, PA, January 12, 2017 – LEAF Commercial Capital, Inc. (LEAF), one of the nation’s largest independent equipment financing companies, today announced that Fronius USA, LLC has chosen LEAF as its exclusive financing partner.

9 Technology Tips From 2016

After LEAF being awarded its second ELFA Operations & Technology Excellence Award, LEAF’s Vice President, Marketing Communications, Michelle Speranza, is featured in the Equipment Leasing & Finance Magazine’s October issue article, 9 Technology Tips From 2016.

Equipment Finance Enters the Championship Rounds

LEAF President & COO, Miles Herman, is featured in the Equipment Finance Advisor article, Equipment Finance Enters the Championship Rounds.