BRIDGEPORT, Conn., Sept. 19, 2013 /PRNewswire/ -- People's
United Financial, Inc. (Nasdaq: PBCT), the holding company for
People's United Bank, announced today that its Board of Directors
approved an increase in the size of the Board of Directors to
eleven members and appointed Nancy
McAllister as a director to fill the vacancy created by that
action.
McAllister was, until May 2011,
Americas Co-Head, Financial Institutions Group, Investment Banking,
at Credit Suisse Securities (USA)
LLC, a diversified financial services firm. Her group covered
banks, insurance companies, specialty finance, asset management and
financial technology institutions. With 30 years of experience in
financial services, she currently serves on the PennyMac Mortgage
Investment Trust Board as Chair of the Finance Committee and member
of the Compensation Committee. McAllister resides in Port
Jefferson, Long Island, NY.
"We are very pleased to welcome Nancy to our Board of
Directors," said Jack Barnes,
President and CEO of People's United. "Her breadth and depth of
experience in both banking and financial services, as well as her
familiarity with the New York
market, is invaluable and we look forward to working with her."
Ms. McAllister will serve as a member of the Board's Treasury
and Finance Committee. She will also serve as a member of the
Loan Review Committee of the Board of Directors of People's United
Bank.
People's United Bank is a subsidiary of People's United
Financial, Inc., a diversified financial services company with
$31 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
418 retail locations in Connecticut, New
York, Massachusetts,
Vermont, New Hampshire and Maine. Visit us at peoples.com.
People's United Bank. "What know-how can do."
SM
SOURCE People's United Financial, Inc.