People’s United Financial appointed Jeff Tengel president. In his new role, Tengel will lead the full complement of business lines at People’s United.
“As our company continues to grow, we need to make sure our organizational structure properly supports the future trajectory of People’s United,” said Jack Barnes, CEO of People’s United. “Jeff is uniquely qualified to help lead the company through our future expansion.”
Tengel joined People’s United in 2010 from PNC Bank to lead the Commercial Division. Since that time, he has expanded the Commercial Division and its product offerings, adding Mortgage Warehouse, Large Corporate, International, Healthcare and Syndications. He broadened and grew Treasury Management, Government Banking, Asset Based Lending and the Equipment Finance businesses. Tengel also played an important role in integrating the numerous acquisitions completed over the last eight years.
“I am both honored and excited to be given this opportunity,” Tengel said. “I look forward to working closely with all of our team members to continue to build on the success of People’s United.”
