Peapack Private Bank & Trust has appointed Nancy Foran-Pinzon as a Senior Managing Director and Group Director in its Commercial Banking division, a strategic move aimed at supporting the institution's growth strategy in the Long Island and Tri-State Area markets. Foran-Pinzon will be based in the bank's Melville, New York location, bringing significant banking experience to her new role that includes previous positions at major financial institutions. Her appointment represents a calculated investment in leadership talent as the bank seeks to expand its commercial banking footprint in competitive regional markets.
Foran-Pinzon's banking career demonstrates a consistent pattern of strategic financial development and portfolio growth. Most recently serving as a vice president and group director with Flagstar Bank, she previously established the first Suffolk County PCG Group and Financial Center during her tenure at Signature Bank. Under her leadership at Signature Bank, the group achieved substantial financial milestones, including a peak of $306 million in balances, $230 million in commitments, and $120 million in outstandings. This proven ability to develop and manage significant commercial banking portfolios makes her appointment particularly important for Peapack Private Bank & Trust's expansion objectives.
Prior to her work with Flagstar and Signature Bank, Foran-Pinzon held multiple roles at Fleet Bank, including vice president and portfolio manager for the contractor team. In this position, she worked closely with relationship managers, maintained portfolio quality, gathered financial information, and supported the underwriting process. Her educational background includes a Bachelor of Science degree in Finance from Babson College, which she completed in just three years, highlighting her academic efficiency and commitment to professional development. This combination of practical banking experience and strong educational foundation positions her to contribute significantly to Peapack Private Bank & Trust's commercial banking operations.
The timing of this appointment coincides with a period of significant institutional strength for Peapack-Gladstone Financial Corporation, which currently holds $7.1 billion in total assets and $11.8 billion in assets under management and/or administration as of March 31, 2025. The bank, founded in 1921, is known for its client-centric approach and comprehensive banking solutions detailed on their official website at https://www.peapackprivate.com. Foran-Pinzon's extensive background in commercial banking and proven track record of portfolio growth positions her as a strategic addition to the leadership team, potentially supporting the bank's continued expansion and financial services offerings in competitive regional markets.
This leadership appointment matters because it signals Peapack Private Bank & Trust's commitment to strengthening its commercial banking division through experienced leadership with demonstrated success in portfolio development. In the competitive banking landscape of the Long Island and Tri-State Area, strategic hires of this nature can significantly impact market positioning and growth potential. Foran-Pinzon's specific experience in establishing new banking groups and centers, combined with her portfolio management expertise, provides the bank with leadership capabilities that align directly with expansion objectives. The implications extend beyond immediate operational leadership to potentially influencing the bank's competitive positioning, client acquisition strategies, and overall growth trajectory in key regional markets.
