Linda Osterman Advances to Senior Managing Director at Peapack Private Bank & Trust
March 27th, 2025 1:31 PM
By: Newsworthy Staff
Peapack Private Bank & Trust promotes Linda Osterman to Senior Managing Director, recognizing her extensive 40-year banking career and continued commitment to developing private wealth relationships.
Peapack Private Bank & Trust has elevated Linda Osterman to Senior Managing Director, a strategic promotion highlighting her substantial experience in residential lending and wealth management. Based at the bank's Bedminster headquarters, Osterman will continue to focus on developing private wealth relationships and originating residential-related loans for high-net-worth clients and wealth management division clientele.
With over four decades of banking and financial expertise, Osterman brings a wealth of professional knowledge to her new role. Her career includes significant positions at Mellon Bank, NA, and Summit Bank, where she developed her skills in residential lending. Her academic foundation includes a Bachelor of Arts degree from Lehigh University, complementing her professional achievements.
Beyond her professional responsibilities, Osterman demonstrates significant community engagement. She served as President of The Tewksbury Education Foundation for more than 11 years and remains actively involved with educational institutions like The Pingry School and Gill St. Bernard's School. Her commitment extends to supporting the Greater Somerset County YMCA, reflecting a comprehensive approach to professional and community leadership.
Peapack Private Bank & Trust, with total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024, continues to emphasize a client-centric banking approach. Osterman's promotion underscores the institution's commitment to leveraging experienced professionals who can provide comprehensive financial solutions to clients.
Her new role as Senior Managing Director represents not just a personal career milestone, but also symbolizes the bank's strategic investment in experienced leadership that can navigate complex wealth management landscapes. By promoting professionals like Osterman, the bank reinforces its dedication to delivering high-quality, personalized financial services.
Source Statement
This news article relied primarily on a press release disributed by NewMediaWire. You can read the source press release here,
