Peapack Private Bank Strengthens New York Presence with Key Commercial Banking Hire

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have announced the addition of Alex Lurye to their New York-based commercial banking team as Senior Managing Director. This strategic hire brings substantial regional banking experience to the institution as it continues to expand its commercial lending operations in the competitive New York market. The hiring represents Peapack Private's continued investment in building a strong commercial banking presence in New York, where established institutions dominate the landscape for business lending and wealth management services.

Lurye brings more than 23 years of commercial lending experience across New York, Westchester, and Long Island to his new role. His extensive background includes significant portfolio management experience, having most recently served as Senior Credit Officer of NYC Lending at Valley National Bank. In that position, he oversaw multiple underwriting teams managing a substantial portfolio of $4 billion in commitments and $2.7 billion in outstandings. This experience managing large-scale commercial portfolios directly addresses the complex needs of New York businesses seeking sophisticated banking solutions in a challenging economic environment.

Lurye's previous leadership roles at Valley National Bank included serving as Division Head of NY Commercial Banking, where he directed group performance in budgeting, production, and portfolio management. He also served as Team Leader of NY Commercial Banking, leading relationship managers focused on driving growth in loans, deposits, and fee income. Earlier in his career, Lurye developed his credit and relationship banking skills through significant roles at Santander Bank and Wells Fargo, both based in New York. This comprehensive background positions him to navigate the unique challenges of the New York commercial banking sector, where relationship management and risk assessment are critical to sustainable growth.

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 operates as a commercial bank with a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. Additional information about the bank's services can be found at https://www.peapackprivate.com.

The addition of Lurye to the New York commercial banking team signals Peapack Private's commitment to strengthening its regional expertise and expanding its commercial lending capabilities in one of the nation's most competitive banking markets. His extensive experience managing large commercial portfolios and leading banking teams positions him to contribute significantly to the bank's growth objectives in the New York metropolitan area. This move reflects broader trends in regional banking where institutions are strategically hiring experienced professionals to capture market share in key economic centers, particularly as businesses seek more personalized banking relationships amid economic uncertainty.