People's United Bank acquired LEAF Commercial Capital, one of the largest, independent commercial equipment finance companies in the US. Financial terms were not disclosed. "We are pleased to welcome the talented team at LEAF Commercial Capital to People's United Bank," said Jack Barnes, President and Chief Executive Officer. "LEAF is a highly-scalable commercial lending platform with attractive risk-adjusted returns and a complementary expansion of our existing specialty finance businesses. At closing, our equipment finance units will have approximately $4 billion of assets and rank as the 16th largest bank-owned equipment finance entity in the country."