People’s United Bank has established a new business aviation division which will operate under the bank’s People’s Capital and Leasing Corp. (PCLC) unit. PCLC, which will be headed by vice presidents of sales Bob Sommers and Jim Pulie, currently has a $1.4 billion portfolio and specializes in the packaging, printing, transportation and healthcare industries. Now the unit will target large and mid-sized owners and operators of business aircraft, including jets, turboprops and helicopters.

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