Peapack Private Hires Alex Lurye to Join Its New York Commercial Banking Team

Peapack-Gladstone Financial Corporation announced the appointment of Alex Lurye as Senior Managing Director of its New York commercial banking team on October 3, 2025. With over 23 years of extensive experience in commercial lending, Lurye is poised to enhance the bank's operations and client service in the New York region, which includes areas such as Westchester and Long Island. Previously, he held the role of Senior Credit Officer of NYC Lending at Valley National Bank, where he managed underwriting teams overseeing a substantial $4 billion portfolio. Lurye also served as Division Head and Team Leader of NY Commercial Banking at Valley, excelling in areas like budgeting, production, and portfolio management, while also driving loan and deposit growth.

Lurye’s career has been shaped by key positions at notable institutions including Santander Bank and Wells Fargo, where he honed his skills in credit and relationship banking. He holds a Bachelor of Arts in Business Management and Finance from Brooklyn College, complemented by a minor in Philosophy.

Peapack-Gladstone Financial Corporation, with total assets amounting to $7.2 billion and $12.3 billion in assets under management as of June 30, 2025, focuses on a client-centric banking approach. Founded in 1921, Peapack Private Bank & Trust provides a range of services encompassing wealth management, investment banking, and commercial and personal banking solutions tailored for individuals, families, and businesses. The bank has earned a reputation for its high-quality products and personalized service, aimed at helping clients build and sustain their financial legacies. For additional information, visit their website at www.peapackprivate.com.

Peapack Private Bank's recent appointment of Alex Lurye as Senior Managing Director of its New York commercial banking team may signal a positive strategic pivot for the institution, providing a potential investment opportunity for market participants observing the financial sector.

With an extensive 23-year background in commercial lending across New York, Westchester, and Long Island, Lurye's experience is substantial. His recent role as Senior Credit Officer at Valley National Bank, where he managed a substantial portfolio, indicates his capabilities in steering growth and mitigating risk—essential traits in the banking industry, especially given the ongoing economic fluctuations.

Lurye's history with leading banks such as Santander and Wells Fargo demonstrates his deep-rooted network and understanding of local market dynamics, which could enhance Peapack’s competitive positioning. His proven track record in directing teams and overseeing portfolio management further suggests he is well-equipped to drive performance in Peapack's commercial banking division, which could translate into improved earnings and shareholder value.

Investors should consider that Peapack-Gladstone Financial Corporation's solid assets, totaling $7.2 billion, along with its assets under management amounting to $12.3 billion, reinforce its stability in a competitive market. The bank's commitment to providing tailored financial solutions could strengthen its client base and enhance its market share.

Furthermore, with Lurye at the helm of the New York commercial banking team, the bank could potentially see increased loan growth, boosting interest income in a rising rate environment. This appointment might warrant a closer look at Peapack's stock performance, as well as its market strategies moving forward, creating an opportunity for investors to capitalize on anticipated growth in the company’s commercial banking operations.