Bedminster, NJ - (NewMediaWire) - January 11, 2022 - Peapack-GladstoneFinancial Corporation (NASDAQ Global Select Market: PGC) and Peapack-GladstoneBank are proud to introduce three new members to the Bank’s SBA LendingDivision, responsible for the Company’s further growth and expansion of SBAbusiness, with a focus on providing new and existing business clientsexceptional, personalized service. The goal of the U.S. Small BusinessAdministration (SBA) has been to support our nation’s overall economy and helpindividuals, start, build and grow their businesses. Based out ofPeapack-Gladstone Bank’s Princeton location, the SBA Lending Division providesqualifying small business owners custom-tailored assistance, supporting theirfinancial needs and helping their businesses to prosper and succeed.
Sanjay T. Patel joinsPeapack-Gladstone Bank’s SBA Team as a Managing Director, SBA Banker. Previously, as first senior vice president at Noah Bank, he was responsible forthe origination and processing of Commercial, SBA 7(a) and 504 loans. Sanjay has a proven track record in SBA Lending, also serving as director ofsales, Creative Funding, Inc.; vice president and New Jersey office manager,Poppy Bank; senior relationship manager and vice president, Dime CommunityBank; senior vice president, SBA Lending at Freedom Small Business Lending;president, Indo American Community Division, Noah Bank; senior vice president,Unity Bank; and as vice president, partner at Creative Capital Group in Edison,NJ. Mr. Patel holds an MBA in Business Administration with Major in BusinessManagement and Minor in Finance at Florida A&M University, and Bachelor ofEngineering, Metallurgy from the University of Baroda, India. He is anactive member of the National Association of Government Guaranteed Lenders(NAGGL) and Asian American Hotel Owners Association (AAHOA), Atlanta, GA. Sanjay is also a double recipient of the Allen Tucker Award as both Employeeand Salesman of the Year.
With over 18 years in thefinancial services industry, Bhavesh R. Sheth joins the team as Managing Director,SBA Banker. With a concentrated focus on SBA lending, Bhavesh has aproven track record of increasing sales, market share and growth in profits ina competitive financial arena. Most recently, Bhavesh served as seniorvice president, Noah Bank and as an independent consultant for Creative FundingInc. where combined he originated over $30 MM in SBA 7(a) loans. Prior tothat, he served as vice president, SBA lending at Poppy Bank; assistant vicepresident, SBA lending, Dime Community Bank, Brooklyn, NY; vice president,commercial lending, Freedom Small Business, BIDCO, Inc.; first vice president,Commercial Lending, Noah Bank, Edison, NJ; commercial lender, SBA BusinessDevelopment Executive, Unity Bank, Clinton, NJ; Sr. loan officer, Motel Broker Associates,Inc., Glenwood, MD; and Project Leader, Crown Futures Corporation, Fairfield,IA. Mr. Sheth holds an MBA in Finance from the Maharishi University ofManagement, Fairfield, IA; BS in Finance from the University of Madras, India;and a Computer Applications diploma from the National Institute ofTechnology. He is a licensed trader in Financial Derivatives andMicrosoft Certified Database Administrator, Systems Developer, and SystemsEngineer.
Parth Thakor, a graduate ofRutgers, The State University of New Jersey, has a Bachelor’s Degree inEconomics, joins Peapack-Gladstone Bank as Assistant Vice President, SBAUnderwriter. Parth will support the SBA team through his extensivebackground in underwriting and credit analysis. Formerly serving as creditanalyst, Noah Bank, his expertise was invaluable through the evaluation andanalysis of prospective lender applications. Prior to that he served asSBA loan packager at Creative Funding, Inc.; loan assistant at Poppy Bank; andSBA loan packager at Freedom Small Business Lending, BIDCO, Inc.
Peapack-Gladstone Bank is anSBA Preferred Lender with a proven track record and proficiency in processingand servicing SBA-guaranteed loans. The Bank’s preferred lenderdesignation reinforces its commitment and dedication to the small businesscommunity.
About the Company
Founded in 1921,Peapack-Gladstone Financial Corporation is a NJ bank holding company with totalassets of $6.2 billion and assets under management/administration of $10.3billion as of September 30, 2021. Peapack-Gladstone Bank is a commercialbank that provides innovative wealth management, investment banking, commercialand retail solutions, including residential lending and online platforms tobusinesses and consumers. Peapack Private, the Bank’s wealth managementdivision, offers comprehensive financial, tax, fiduciary and investment advice,and solutions, to individuals, families, privately held businesses, familyoffices and not-for-profit organizations, which help them establish, maintain,and expand their legacy. Together, Peapack-Gladstone Bank and PeapackPrivate offer an unparalleled commitment to client service. Visit www.pgbank.com and www.peapackprivate.com for more information.
Contact: Rosanne Schwab,Peapack-Gladstone Bank, Assistant Vice President, Public Relations andCorporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster,NJ 07921 rschwab@pgbank.com, (908) 719-6543.