Peapack-Gladstone Financial Corporation Appoints Peter Clemente as Senior Managing Director

Peapack-Gladstone Financial Corporation has announced the appointment of Peter Clemente as a Senior Managing Director and Group Director within its Commercial Banking division. Clemente will be based at the bank's newest location in Garden City, New York, bringing a wealth of experience from multiple prominent financial institutions. This appointment is significant as it strategically bolsters the bank's leadership team with a seasoned executive known for driving revenue growth and organizational expansion, directly impacting the bank's competitive position in a key market.

With an impressive career spanning several major banks, Clemente has consistently demonstrated expertise in developing comprehensive sales strategies and supporting organizational growth. His professional background includes senior leadership roles at notable financial institutions such as Flagstar Bank, IDB Bank, Flushing Bank, Capital One Bank, Legacy Banks, and HSBC Bank USA, N.A. Most recently, Clemente served as a senior vice president and group director at Flagstar Bank, where he was responsible for implementing sales strategies for high-profile clients and organizations. Previously, at IDB Bank, he held a senior vice president position focused on establishing and developing the Long Island middle market segment, a client base highly relevant to Peapack's operations.

Academically, Clemente is well-prepared for his leadership role, holding a Bachelor of Science in Accounting from St. John's University and a Master of Business Administration in Finance from Fordham University. During his graduate studies, he was selected as a member of Beta Gamma Sigma, a prestigious national business honor society. This educational foundation supports his capability to manage complex financial strategies and client relationships, which are central to the bank's commercial operations.

Peapack Private Bank & Trust, founded in 1921, is a commercial bank with $7.1 billion in total assets and $11.8 billion in assets under management as of March 31, 2025. The bank is known for its client-centric approach, offering comprehensive wealth management, investment banking, commercial, and personal banking solutions. Clemente's appointment represents a strategic addition to the bank's leadership team, potentially enhancing its commercial banking capabilities and market presence in the New York metropolitan area. This move is important as it aligns with the bank's growth objectives, leveraging Clemente's extensive network and experience to attract and serve middle-market and high-profile clients, thereby driving future revenue and expanding the bank's footprint in a competitive financial landscape. For more information on the bank's services, visit https://www.peapackprivate.com.