Peapack-Gladstone Financial Corporation 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. His 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.

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. 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.

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. This educational foundation complements his extensive practical experience in the banking sector.

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 aligns with the bank's growth strategy and commitment to expanding its commercial banking services. For more information about the bank's services, visit https://www.peapackprivate.com.

The importance of this appointment lies in its potential to strengthen Peapack-Gladstone's competitive position in a key market. By bringing in an executive with Clemente's track record and deep experience with institutions like HSBC Bank USA, N.A. and Capital One Bank, the bank signals a serious commitment to growing its commercial banking footprint. This move could lead to enhanced service offerings for middle market and corporate clients in the region. Clemente's background in developing sales strategies and driving revenue growth at Flagstar Bank and IDB Bank suggests he will focus on expanding the bank's client base and improving its market share. The decision to base him at the new Garden City location underscores the strategic importance of that office for the bank's expansion plans in the metropolitan area.