NEW YORK, April 28, 2016 /PRNewswire/ -- People's United Bank announced today that Mark Melchione has joined the bank as Executive Vice President, Commercial Real Estate, responsible for the New York City and Long Island markets.
Melchione brings more than 26 years of experience to the position, including substantial leadership and mentorship expertise in support of teams serving private and public real estate companies based in New York.
Prior to joining the bank, Melchione was Group Manager, Administrative Vice President at Manufacturers & Traders Trust Company, acting as senior leader in charge of a $5 billion profit center within a $7 billion commercial real estate balance sheet lending platform. Previously, Melchione was Regional Manager, Senior Vice President at Wachovia and Wells Fargo, where for 12 years he managed the combined New York City metropolitan-area profit center for the bank's largest urban market. Prior to this, he was a member of PNC's Commercial Real Estate banking team for more than nine years.
"We are extremely pleased that Mark has joined People's United," said Jeffrey Tengel, Senior Executive Vice President, Commercial Banking. "His proven ability to increase market share, while successfully implementing process improvements that encourage greater transparency, efficiency, and collaboration, mirror our own effective approach in this highly competitive market."
About People's United Bank
People's United Bank, N.A. is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with over $39 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 nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
SOURCE People's United Bank