News 2018-01-25T18:56:50+00:00

News

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.

LEAF Introduces FinanceNOW Equipment Financing Platform

Philadelphia, PA, August 8, 2016 - LEAF Commercial Capital, Inc. (“LEAF”), a leading U.S. equipment leasing and finance company, today announced the release of FinanceNOW, a next-generation financing platform and resource center designed to comprehensively support LEAF’s referral relationships with equipment manufacturers, distributors and dealers (collectively, “customers”).

Fighting Fraud in the Digital Age of Equipment Finance

LEAF’s SVP, Portfolio Quality, John Beard and EVP & Chief Investment Officer, Dave English published an article on the Equipment Finance Advisor, Fighting Fraud in the Digital Age of Equipment Finance.

LEAF Wins 2016 ELFA Operations and Technology Excellence Award

Philadelphia, PA, July 14, 2016—LEAF Commercial Capital, Inc. (LEAF), one of the nation’s largest independent commercial equipment finance companies, today announced winning the 2016 ELFA Operations and Technology Excellence Award.

LEAF Announces Securitization of $350 Million of Leasing Assets

Through LEAF 2016-1, LEAF securitized a portfolio of approximately $350 million of commercial equipment leases and loans through the issuance of equipment contract-backed notes.

LEAF’s Asset-Backed Securitizations From 2012, 2013 and 2015 Upgraded by Moody’s

Approximately $426 million of asset-backed securities affected. Philadelphia, PA - November 16, 2015 - LEAF Commercial Capital, Inc. (“LEAF”), a leading independent equipment leasing and finance company headquartered in Philadelphia, PA, has announced that Moody's has upgraded five securities and affirmed sixteen others from the LEAF Receivables Funding, LLC, Series 2012-1, 2013-1 and 2015-1.

LEAF Announces Securitization of $336 Million of Leasing Assets

Philadelphia, PA - May 6, 2015 - LEAF Commercial Capital, Inc. (“LEAF”), a leading independent commercial equipment leasing and finance company headquartered in Philadelphia, PA, announced today, the closing of a new securitization transaction, LEAF 2015-1, which was completed on April 30, 2015.

LEAF Promotes Aimee Ridgway To National Director Of Sales, Business Technologies Finance Group

Philadelphia, PA - November 14, 2014 - LEAF Commercial Capital, Inc. (“LEAF”), a specialized equipment leasing and finance company headquartered in Philadelphia, PA, has announced the promotion of Aimee Ridgway to the position of National Director of Sales for LEAF’s Business Technologies Finance Group, where Ms. Ridgway will be responsible for leading LEAF’s extensive sales organization in the technology, communications, building controls and systems furniture sectors.