Peapack-Gladstone Financial Appoints Peter Clemente as Senior Managing Director in Commercial Banking Division

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 strategic hire signals Peapack's commitment to expanding its commercial banking footprint and expertise in the competitive New York City metro area financial landscape.

With an impressive career spanning several major banks, Clemente has consistently demonstrated expertise in driving revenue growth, developing comprehensive sales strategies, and supporting organizational expansion. 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. This diverse experience across different banking models and market segments positions Clemente to bring valuable perspective to Peapack's commercial banking operations, potentially enhancing the bank's ability to serve middle market and corporate clients throughout the region.

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. These specific experiences in strategic sales and market development are particularly relevant as Peapack seeks to strengthen its position in the New York metropolitan commercial banking sector. 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.

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. For more information about Peapack-Gladstone Financial Corporation, visit https://www.peapack.com. This leadership addition comes at a time when regional banks are increasingly competing for commercial banking relationships in the New York market, making experienced hires like Clemente crucial for maintaining competitive advantage and driving growth in key business segments.