The Bank Slate


Second People’s United exec leaves after sale to M&T

Another executive from People’s United Financial has found a new home following the company’s sale to M&T Bank.

Columbia Financial in Fair Lawn, N.J., said in a press release that it had hired Manesh Prabhu as its chief information officer. He is responsible for information systems and digital banking at the $9.8 billion-asset company. 
Prabhu recently served as chief technology officer at People’s United, where he led IT strategy and technology transformation. 
“Leveraging and investing in technology plays a critical role in improving processes, expanding services and ultimately, giving our team more time to do what they do best – servicing our clients,” Thomas Kemly, Columbia’s president and CEO, said in the release. 
The hiring comes weeks after Provident Financial Services in Iselin, N.J., hired Ravi Vakacherla, former chief transformation officer at People’s United, as its chief digital and innovation officer.

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