Peapack Private Appoints Vanessa Tortorice as Senior Managing Director to Drive New York Market Growth

Peapack-Gladstone Financial Corporation and its division Peapack Private have announced the appointment of Vanessa Tortorice as Senior Managing Director at their New York City location. This strategic hire aims to bolster the company's commercial and industrial business growth in the competitive New York market. Tortorice joins Peapack Private with an impressive 12-year tenure in the financial services sector. Her expertise and client-focused approach align with Peapack Private's commitment to providing tailored banking solutions that help clients achieve their long-term financial objectives. This appointment underscores the company's dedication to expanding its presence and capabilities in one of the world's leading financial centers.

Prior to joining Peapack Private, Tortorice held the position of Vice President and Senior Business Banker at M&T Bank, where she managed a portfolio of high-net-worth clients. Her success in this role was marked by exceptional relationship stewardship and cross-functional collaboration, significantly contributing to revenue growth. Before M&T Bank, Tortorice served as Vice President of Business Banking at Capital One, where she consistently surpassed targeted net portfolio loan and deposit growth objectives. Her performance at Capital One placed her in the top 10% nationally, demonstrating her exceptional skills in client acquisition, relationship management, and establishing new banking alliances.

The addition of Tortorice to Peapack Private's team is particularly significant given the company's recent financial performance. As of June 30, 2024, Peapack-Gladstone Financial Corporation reported total assets of $6.51 billion and assets under management and/or administration of $11.5 billion. This robust financial position provides a strong foundation for expansion and enhanced service offerings in the New York market. Peapack-Gladstone Bank, founded in 1921, has built its reputation on a client-centric approach to banking, offering high-quality products alongside customized and innovative wealth management, investment banking, commercial, and retail solutions.

This appointment comes at a time when personalized banking services for high-net-worth individuals and businesses are increasingly in demand. Tortorice's expertise in managing portfolios for such clients is likely to play a crucial role in Peapack Private's strategy to capture a larger share of this market segment in New York City. As the financial landscape continues to evolve, particularly in the wake of recent global economic challenges, the expertise of seasoned professionals like Tortorice becomes even more valuable. Her ability to navigate complex financial environments and deliver tailored solutions aligns well with Peapack Private's commitment to helping clients establish, maintain, and expand their financial legacies. For more information about Peapack-Gladstone Bank and Peapack Private, interested parties can visit www.pgbank.com and www.peapackprivate.com.