People’s United Bank 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 — John Dysart, Dave Dailey and Bruce Figueroa — were hired to lead each vertical.
All three will be based in Boston 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, EVP, 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.”
With more than 25 years of 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. Dysart spent the past eight years as managing director for the Restaurant Finance Group at Citizens Bank. Previously, he served in various specialty finance roles at Pinnacle Commercial Capital, CBA Commercial and BB&T, among others.
With more than 20 years of 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 previously held various roles at Silicon Valley Bank in Boston and Chicago, including senior relationship manager, senior credit officer, regional manager, national head of Product Sales and head of Foreign Exchange.
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.
