BRIDGEPORT, Conn., Feb. 1, 2021 /PRNewswire/ -- People's United
Advisors (PUA), the registered investment adviser of People's
United Bank (NASDAQ: PBCT), today announced the appointment of
Tom Ehrhardt as Senior Vice
President and Head of Private Banking. Ehrhardt will be responsible
for oversight, expansion, and revenue growth for the lending,
deposit, and asset management segments of PUA.
Ehrhardt joins People's United from Oaknorth U.S., where he was
Head of Credit. While at Oaknorth, he started their lending
operations in the US and supported a team of five Debt Finance
Directors and two underwriters to negotiate, structure and price
C&I, commercial real estate, and construction loans. Prior to
that, he spent nearly two decades at First Republic, most recently
as VP, Senior Credit Officer, where he managed a loan portfolio of
more than $30 billion and a team of
ten Credit Officers in Boston and
New York. Before that, Ehrhardt
served in senior credit roles of increasing responsibility at IBJ
Whitehall Financial Group, CitiCorp, and the former Fleet Financial
Group (now Bank of America).
"Our Private Bank has grown considerably with a focus on
personalized financial solutions, expert investment advice, risk
mitigation and listening to and understanding clients' unique
needs," said Michael Boardman, EVP,
Head of Wealth Management, People's United Bank. "Tom's experience
and proven leadership abilities will play a critical role in
driving our Private Banking business strategy forward."
Tom is a graduate of University of Rhode Island and earned his MBA from
Long Island University in New York.
"I am excited to join the dynamic team at People's United
Advisors at a time of tremendous growth and brand expansion and
look forward to helping expand the Private Banking business," said
Ehrhardt. "With a strong infrastructure already in place, and a
consistent focus on quality investment solutions coupled with the
delivery of innovative banking technology, my goal is to take a
collaborative approach to strengthen existing, and build new client
relationships."
People's United Advisors is the registered investment advisor of
People's United Bank, and provides investment, trust, and
retirement solutions for individuals, families, and their
businesses. With expert advisors locally based throughout the
Northeast, PUA serves as a fiduciary for clients and is dedicated
to serving their best interests. PUA's mission is to build
investment and wealth solutions customized to clients' unique
goals, objectives, risk profiles, and time horizons.
About People's United Bank
People's United Bank, N.A. is a subsidiary of People's United
Financial, Inc., a diversified, community-focused financial
services company headquartered in the Northeast with more than
$63 billion in assets. Founded in
1842, People's United Bank offers commercial and retail banking
through a network of over 400 retail locations in Connecticut, New
York, Massachusetts,
Vermont, New Hampshire and Maine, as well as wealth management solutions.
The company also provides specialized commercial services to
customers nationwide.
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SOURCE People's United Bank