Peapack Private Bank & Trust Bolsters Commercial Lending with Senior Managing Director Michael Madonia

Peapack Private Bank & Trust has expanded its commercial lending capabilities with the addition of Michael Madonia as Senior Managing Director of the Commercial and Industrial Lending Division. With 22 years of banking experience, Madonia brings significant expertise in relationship management and business banking growth to the organization.

Madonia joins the bank from Amalgamated Bank, where he most recently served as a Senior Vice President Director responsible for developing the business banking segment. Prior to that role, he led a business banking team at M&T Bank in Tarrytown, New York, covering Westchester and Fairfield counties.

Based in the bank's New York City Park Avenue location, Madonia's primary responsibility will be growing the bank's commercial loan and deposit portfolio within the New York metropolitan region. His extensive background in client development and relationship management positions him strategically to expand the bank's commercial banking footprint.

Beyond his professional achievements, Madonia maintains active community involvement, serving as Executive Vice President on the Board of Directors for ArtsWestchester. His academic credentials include an MBA in Financial Management from Pace University's Lubin School of Business and a Bachelor of Science degree from SUNY Geneseo's Jones School of Business.

Madonia's hiring represents a strategic move for Peapack Private Bank & Trust, which has total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024. The bank's client-centric approach and commitment to providing customized banking solutions are likely to be further enhanced by Madonia's extensive industry experience and relationship-building skills.

The addition of a seasoned banking professional like Madonia signals the bank's continued investment in expanding its commercial lending capabilities and strengthening its market position in the competitive New York metropolitan banking landscape.