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People’s Capital and Leasing Appoints Three Senior Industry Specialists

January 04, 2018, 07:20 AM

People’s Capital and Leasing Corporation (PCLC), a subsidiary of People's United Bank N.A., has appointed three Equipment Leasing & Finance veterans to their growing sales team, each bringing a specialized industry focus to better serve the evolving needs of clients. The trio was previously at Siemens Financial Services, where they focused on Material Handling, Machine Tool and Construction, including:

Michael Mehosky, Senior Vice President, brings more than 20 years’ experience and will be responsible for group oversight and relationship management covering Construction, Material Handling and Machine Tool markets. Most recently he was a Vice President at Siemens Financial Services, holding various roles including Vendor Industrial Sales Manager and Capital Markets Manager, responsible for an annual origination budget of $250MM and ongoing sales/business development efforts. Prior to that he was a Senior Vice President at GE Capital Americas and a Vice President at M&T Bank and GE Capital. Mehosky will be based in Hedgesville, WV.

James Mengacci, Vice President, brings more than ten years’ experience and will be responsible for relationship management and business growth, focusing on Material Handling and Construction Equipment. Most recently he served as an Account Executive at Siemens Financial Services, where was a Territory Sales Manager working cross-functionally with internal business units. Previously, he held various Equipment Finance Relationship Manager Roles at General Electric Corporation and Northwestern Mutual. Mengacci sits on the Board of St. Judes Children’s Hospital, Starlight Dinner Dance, and will be based in Waterbury, CT.

John Fitzgerald, Vice President, brings more than 25 years’ experience focusing exclusively on Machine Tool and Plastics vendor relationships. He will be responsible for relationship management and business development efforts nation-wide. Most recently Fitzgerald was an Account Executive at Siemens Financial Services where he was responsible for the development of their Wholesale Program, focusing on Manufacturing OEMs. Before that Fitzgerald held various business development and relationship management roles at Francis Harvey & Sons, DeLange Landen F.S. and National City Commercial Capital. He will be based in Worcester, MA.

“Michael, James and John bring a wealth of highly specialized expertise to the team at a time when the industry increasingly demands tailored solutions to address sometimes complicated business needs,” said Micky Urquhart, President and CEO, PCLC. “Their proven track-record in driving stellar business results, specialized expertise and strong vendor relationships will be a welcome addition to our team as we continue to see strong demand, and grow our presence footprint-wide.”

PCLC is a nationally ranked, top-25 Equipment Finance Company that offers specialized equipment finance and lending solutions to support the goals of growing businesses across industries nation-wide. In 2017 PCLC booked in excess of $725 million in originations.

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