Peapack Private Bank & Trust Appoints Nancy Foran-Pinzon as Senior Managing Director to Drive Commercial Banking Growth

Peapack Private Bank & Trust has appointed Nancy Foran-Pinzon as a Senior Managing Director and Group Director in its Commercial Banking division, a strategic hire aimed at supporting the institution's growth strategy in the Long Island and Tri-State Area markets. Foran-Pinzon will be based at the bank's Melville, New York location, bringing significant banking experience to her new role. Her appointment represents a calculated move by Peapack Private Bank & Trust to strengthen its commercial banking leadership as it seeks to expand its market presence and financial services offerings.

Foran-Pinzon's banking career includes most recently serving as a vice president and group director with Flagstar Bank, where she gained substantial experience in commercial banking operations. Prior to that, she demonstrated her capacity for strategic financial development during her tenure at Signature Bank, where she established the first Suffolk County PCG Group and Financial Center. Under her leadership at Signature Bank, the group achieved impressive financial milestones, including a peak of $306 million in balances, $230 million in commitments, and $120 million in outstandings. This track record of portfolio growth and financial development makes her particularly valuable to Peapack Private Bank & Trust's expansion objectives.

Earlier in her career, Foran-Pinzon held multiple roles at Fleet Bank, including vice president and portfolio manager for the contractor team. In this position, she worked closely with relationship managers, maintained portfolio quality, gathered financial information, and supported the underwriting process. Her educational background includes a Bachelor of Science degree in Finance from Babson College, which she completed in just three years, highlighting her academic efficiency and commitment to professional development. This combination of practical banking experience and strong educational foundation positions her well for her new leadership role.

The appointment comes at a significant time for Peapack-Gladstone Financial Corporation, the parent company of Peapack Private Bank & Trust. According to the company's financial reporting, Peapack-Gladstone Financial Corporation currently holds $7.1 billion in total assets and $11.8 billion in assets under management and/or administration as of March 31, 2025. The bank, founded in 1921, is known for its client-centric approach and comprehensive banking solutions. Foran-Pinzon's extensive background in commercial banking and proven track record of portfolio growth positions her as a strategic addition to Peapack Private Bank & Trust's leadership team, potentially supporting the bank's continued expansion and financial services offerings in competitive regional markets.

This hiring decision reflects broader trends in the banking industry where institutions are strategically recruiting experienced executives with proven track records to drive growth in specific geographic markets. Foran-Pinzon's specific experience in the Long Island and Tri-State Area markets makes her particularly valuable to Peapack Private Bank & Trust's expansion strategy. Her ability to establish new banking groups and financial centers, as demonstrated during her time at Signature Bank, suggests she may play a key role in developing Peapack Private Bank & Trust's commercial banking presence in these target markets. The bank's decision to appoint her as Senior Managing Director indicates confidence in her ability to contribute significantly to the institution's commercial banking division and overall growth objectives.