Peapack Private Bank & Trust Expands Equipment Finance and Leasing Capabilities
MWN-AI** Summary
Peapack-Gladstone Financial Corporation, through its subsidiary Peapack Capital, is expanding its equipment finance and leasing capabilities in response to growing market demand. As of September 12, 2025, the company has bolstered its team by bringing in seasoned specialists, headed by Anthony Perettine, who take on the roles of Senior Managing Director and President. Perettine emphasizes the goal of aggressive growth within the equipment finance sector, citing the importance of diversifying the portfolio of lease and loan receivables while maintaining the legacy capital markets business.
The new leadership team, which includes Bruce J. Winter as Senior Managing Director and COO, will focus on strategic client relationships, risk management, and performance metrics to ensure that Peapack Capital remains competitive against larger financial institutions. Winter, a veteran with extensive experience in equipment financing, believes in developing intermediary programs to enhance the company’s offerings.
Joining Anthony and Bruce are several industry experts from Flagstar Financial: Leslie Roberts, who will enhance client relationships; Lori Gresko, who will oversee underwriting; and Kevin Kitson and Nicholas L. Cremonese, Jr., who will focus on risk management and business development respectively. This group’s cumulative expertise positions Peapack Capital for substantial growth in the equipment financing arena.
Founded in 2017, Peapack Capital has already seen significant expansion attributed to its commitment to quality and client satisfaction. As of mid-2025, Peapack-Gladstone Financial Corporation holds total assets of $7.2 billion, with a comprehensive range of banking solutions tailored to individuals and businesses. The strategic moves by Peapack Capital signal a focus on building a robust presence in the competitive equipment finance market, aligning with the company’s broader vision of sustainable growth and client service excellence.
MWN-AI** Analysis
Peapack Private Bank & Trust's recent expansion of its equipment finance and leasing capabilities through Peapack Capital presents a compelling opportunity for investors and stakeholders to consider. By strategically bringing in seasoned professionals, the institution aims to strengthen its position in the competitive landscape of asset finance, targeting mid- to large-scale transactions.
Led by Anthony Perettine, an executive with a proven track record of scaling equipment finance operations, Peapack Capital is adequately positioned to enhance its portfolio diversity and profitability. Perettine’s experience at Flagstar Financial, where he oversaw substantial asset growth, suggests a strong capacity to drive revenue and build long-term client relationships. This aligns with the bank’s objective to broaden its intermediary finance and leasing program, which could significantly augment its market share against larger institutions.
Furthermore, the addition of experienced leaders like Bruce J. Winter and a robust team from Flagstar further solidifies Peapack’s strategic approach. Their collective expertise in risk management, client onboarding, and regulatory compliance will not only enhance operational efficiency but also mitigate potential risks associated with rapid growth.
Investors should take note of Peapack Capital’s commitment to blending new initiatives with legacy business operations, ensuring continuity and quality in service delivery. With a focus on diversification and the acquisition of competitive advantages, the bank's growth trajectory appears promising.
As Peapack-Gladstone Financial Corporation continues to build on its solid foundation—evident from its substantial asset base—it’s advisable for investors to keep a close watch on developments within Peapack Capital. The ongoing efforts to expand product offerings and market reach indicate potential for a strong return on investment, making it a prudent consideration in the current financial landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
BEDMINSTER, NJ - September 12, 2025 (NEWMEDIAWIRE) - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce strategic growth within its equipment finance and leasing subsidiary, Peapack Capital, with the addition of a new team of seasoned specialists.
Peapack Capital provides asset finance and equipment leasing solutions, specializing in mid- to large-scale transactions that empower businesses to grow and succeed. The subsidiary is now led by Anthony Perettine, Senior Managing Director and President, who is responsible for building and diversifying a portfolio of equipment lease and loan receivables through the development of both intermediary and direct business lines, while also managing the legacy capital markets business.
“We are excited to join this well-established team,” said Anthony. “Peapack Capital was founded in 2017 and has grown considerably thanks to the dedication of an experienced team focused on entering and expanding in the equipment finance space. By joining now, we are investing in the future and committing to aggressive growth.”
Anthony will lead efforts to expand products and markets, build strong client relationships, and drive portfolio and revenue growth with a focus on profitability. He joins Peapack Capital from Flagstar Financial, where he served as Executive Vice President and Division Head, growing the business to over $2 billion in assets and overseeing all production metrics, investment decisions, and strategic direction. His prior leadership roles include Managing Director and Senior Vice President at Capital One and Signature Bank, where he launched and led successful de novo equipment finance platforms.
Joining Anthony is Bruce J. Winter, Senior Managing Director and Chief Operating Officer, responsible for strategic leadership, client onboarding, risk management, regulatory compliance, and performance metrics. Bruce founded FSG Capital in 1991 and has served the equipment finance industry in numerous leadership roles, including:
- Executive Board Member, Equipment Leasing and Finance Association
- 2024 Chair, LeasePAC
- Executive Board Member, Lutheran Church Extension Fund
Also joining Peapack Capital from Flagstar Financial are Leslie Roberts, Lori Gresko, Kevin Kitson, and Nicholas L. Cremonese, Jr., who will support Anthony and Bruce in expanding the subsidiary’s capabilities.
- Leslie Roberts, Senior Managing Director and Senior Client Relationship Manager, will oversee intermediary relationships, client satisfaction, and portfolio performance. With over 20 years of experience, Leslie is an expert in complex deal negotiation, account management, and strategic portfolio oversight.
- Lori Gresko, Senior Vice President and Senior Underwriter, leads the Peapack Capital underwriting department, developing credit policies, defining risk criteria, and managing portfolio performance. Lori is a graduate of St. John’s University and brings over 15 years of credit and underwriting experience.
- Kevin Kitson, Vice President and Senior Underwriter, supports transaction underwriting and risk management, with expertise in transportation, construction, and manufacturing sectors.
- Nicholas L. Cremonese, Jr., Managing Director and Relationship Manager, will manage intermediary client relationships, portfolio performance, and new business development, with a focus on national third-party intermediaries.
“Our goal is to take the next step by more broadly developing an intermediary equipment finance and leasing program at Peapack Capital,” said Bruce. “We see this as additive to the current platform and believe that by combining it with our legacy business, Peapack Capital will be better positioned to compete with larger institutions in the space.”
Working alongside Anthony, Bruce and the new team members, the legacy business, led by Lisa Chalkan, Lori Moylan, Richard Johnston and Lisa Fitzgerald, will continue to dedicate time and resources to offering best in class asset finance and equipment leasing solutions to a broad spectrum of industries and assets.
- Lisa Chalkan, Executive Vice President, Chief Credit Officer, is responsible for directing the Bank’s credit professionals and quality assurance teams to efficiently manage the high growth of the Bank’s loan originations and ensure continued high asset quality.
- Lori Moylan, Senior Vice President, Chief Credit Administration Officer, is responsible for managing and growing the Bank’s commercial underwriting team, including Peapack Capital.
- Richard Johnston, Senior Managing Director, Director of Capital Markets, is responsible for overseeing all originations and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries, in addition to out-bound syndications.
- Lisa Fitzgerald, Senior Vice President, Director of Commercial Lending Operations, is responsible for overall equipment financing lease and loan portfolio service management and acts as the primary liaison with a third-party servicer and system vendors.
About the Company
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025. Founded in 1921, Peapack Private Bank & Trust is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. The Bank’s wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices, and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.
Contact: Denise Pace-Sanders, Peapack Private Bank & Trust, SVP Managing Principal, Brand and Marketing Director, 500 Hills Drive, Suite 300, Bedminster, NJ 07921, dpace@peapackprivate.com, (908) 470-3322
View the original release on www.newmediawire.com
Peapack-Gladstone Financial CorporationFAQ**
How does Peapack-Gladstone Financial Corporation PGC plan to leverage the experience of its new leadership team to enhance the competitive positioning of Peapack Capital in the equipment finance market?
What specific strategies will Peapack-Gladstone Financial Corporation PGC implement to diversify its portfolio of equipment lease and loan receivables under the new leadership?
How will the growth of Peapack Capital affect Peapack-Gladstone Financial Corporation PGC’s overall asset management and financial performance in the upcoming fiscal years?
What measures is Peapack-Gladstone Financial Corporation PGC taking to ensure compliance and risk management within its expanded equipment finance and leasing operations?
**MWN-AI FAQ is based on asking OpenAI questions about Peapack-Gladstone Financial Corporation (NASDAQ: PGC).
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