The northern region of Peoples United Business Capital (PUBCAP), the Danvers-headquartered asset based lending arm of People’s United Bank, will be lead by Executive Vice President Paul Flynn.

The sales team is headed by David Paikin, senior vice president, and includes Matt Modlish, senior vice president. The relationship management team includes Matt Plasse, Ed Howe, Mike Sheridan, Mary McLemore, Brian Roach and Justin Mills, according to a statement.

"While some of the predecessor institutions at People’s United did have asset-based lending capabilities, the bank’s current loan portfolio is under-weight asset-based loans," said Mike Maiorino, executive vice president of Specialty Lending. "This under-weight position, combined with the bank’s excellent reputation, strong capital levels and footprint spanning the best commercial banking market in the United States makes this an exciting opportunity.  As a result, we’ve attracted top talent."

PUBCAP provides senior secured asset-based loans to clients from Maine to Washington, DC and offers loan facilities for companies requiring between $3 million and $25 million. The northern region includes New England. The bank also operates a southern region, covering New York, New Jersey and Fairfield County, Conn.