Peapack Private Bank Expands Equipment Finance Division with Key Team Additions

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust announced strategic growth within its equipment finance and leasing subsidiary, Peapack Capital, with the addition of a new team of seasoned specialists. The subsidiary provides asset finance and equipment leasing solutions specializing in mid- to large-scale transactions that empower businesses to grow and succeed.

The expansion is led by Anthony Perettine, Senior Managing Director and President, who is responsible for building and diversifying a portfolio of equipment lease and loan receivables through the development of both intermediary and direct business lines. Perettine joins from Flagstar Financial, where he served as Executive Vice President and Division Head, growing the business to over $2 billion in assets. His appointment signals Peapack Capital's commitment to aggressive growth and market expansion in the competitive equipment finance sector.

Joining Perettine is Bruce J. Winter, Senior Managing Director and Chief Operating Officer, responsible for strategic leadership, client onboarding, risk management, regulatory compliance, and performance metrics. Winter brings extensive industry experience, having founded FSG Capital in 1991 and served in numerous leadership roles including Executive Board Member of the Equipment Leasing and Finance Association. The team expansion includes several other key professionals from Flagstar Financial: Leslie Roberts as Senior Managing Director and Senior Client Relationship Manager, Lori Gresko as Senior Vice President and Senior Underwriter, Kevin Kitson as Vice President and Senior Underwriter, and Nicholas L. Cremonese, Jr. as Managing Director and Relationship Manager.

This strategic hiring move aims to develop an intermediary equipment finance and leasing program at Peapack Capital, which the company believes will be additive to its current platform. By combining this new capability with their legacy business, Peapack Capital expects to be better positioned to compete with larger institutions in the equipment finance space. The expansion reflects the growing importance of equipment financing as businesses seek flexible capital solutions for growth and operational needs.

The legacy business team, led by Lisa Chalkan, Lori Moylan, Richard Johnston, and Lisa Fitzgerald, will continue to dedicate resources to offering asset finance and equipment leasing solutions across various industries. This coordinated approach between new and existing teams ensures continuity while driving innovation in the company's equipment finance offerings. For more information about the company's services, visit https://www.peapackprivate.com.