Peapack-Gladstone Financial Corporation Appoints Peter Clemente as Senior Managing Director in Commercial Banking Division

Peapack-Gladstone Financial Corporation has announced the appointment of Peter Clemente as a Senior Managing Director and Group Director within its Commercial Banking division. Clemente will be based at the bank's newest location in Garden City, New York, bringing a wealth of experience from multiple prominent financial institutions. This appointment is significant as it strategically bolsters the bank's leadership team, potentially enhancing its commercial banking capabilities and market presence in the competitive New York metropolitan area. With the bank's client-centric approach and substantial assets, adding a seasoned executive like Clemente could drive further organizational expansion and revenue growth.

With an impressive career spanning several major banks, Clemente has consistently demonstrated expertise in driving revenue growth, developing comprehensive sales strategies, and supporting organizational expansion. His professional background includes senior leadership roles at notable financial institutions such as Flagstar Bank, IDB Bank, Flushing Bank, Capital One Bank, Legacy Banks, and HSBC Bank USA, N.A. Most recently, Clemente served as a senior vice president and group director at Flagstar Bank, where he was responsible for implementing sales strategies for high-profile clients and organizations. Previously, at IDB Bank, he held a senior vice president position focused on establishing and developing the Long Island middle market segment. This extensive experience is crucial for Peapack-Gladstone as it seeks to deepen its commercial banking services and compete effectively in key markets.

Academically, Clemente is well-prepared for his leadership role, holding a Bachelor of Science in Accounting from St. John's University and a Master of Business Administration in Finance from Fordham University. During his graduate studies, he was selected as a member of Beta Gamma Sigma, a prestigious national business honor society. This educational foundation supports his ability to manage complex financial strategies and contribute to the bank's growth objectives. The appointment matters because it aligns with Peapack Private Bank & Trust's established reputation, founded in 1921, as a commercial bank with $7.1 billion in total assets and $11.8 billion in assets under management as of March 31, 2025. The bank is known for its client-centric approach, offering comprehensive wealth management, investment banking, commercial, and personal banking solutions, and Clemente's role is expected to enhance these offerings.

The implications of this announcement extend beyond a routine personnel change, signaling Peapack-Gladstone's commitment to expanding its commercial banking footprint and leveraging experienced leadership to navigate the financial landscape. By placing Clemente in Garden City, New York, the bank aims to capitalize on his local market knowledge and connections, potentially attracting new clients and strengthening existing relationships. This move could lead to increased market share and improved service delivery in the region, reinforcing the bank's position as a trusted financial partner. For more information on the bank's services, visit https://www.peapackprivate.com. Overall, Clemente's appointment is a strategic step that underscores the importance of seasoned leadership in driving business success and adapting to evolving market demands in the banking sector.