Vend Lease Company: People's United Bank acquires Vend Lease

People's United Bank (link is external), NA, a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), has acquired Vend Lease Company (link is external), 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.