Peapack-Gladstone Financial Corporation and its division Peapack Private have appointed Vanessa Tortorice as Senior Managing Director at their New York City location, marking a strategic expansion of their commercial and industrial business presence in the competitive New York market. Tortorice brings 12 years of financial services experience to her new role, where she will focus on growing the company's commercial banking operations by providing tailored solutions to help clients achieve long-term financial objectives.
Before joining Peapack Private, Tortorice served as Vice President and Senior Business Banker at M&T Bank, managing a portfolio of high-net-worth clients and driving revenue growth through relationship stewardship and cross-functional collaboration. Her previous position as Vice President of Business Banking at Capital One saw her consistently exceed targeted net portfolio loan and deposit growth objectives, with her performance ranking within the top 10% nationally. This track record demonstrates her exceptional ability to acquire new clients, manage existing relationships, and forge banking alliances—skills that will be crucial in her new position.
The appointment aligns with Peapack Private's client-centric approach to banking, which focuses on helping individuals, families, privately held businesses, family offices, and not-for-profit organizations establish, maintain, and expand their legacies. As a division of Peapack-Gladstone Bank, Peapack Private offers comprehensive financial, tax, fiduciary, and investment advice, supported by the corporation's total assets of $6.51 billion and assets under management and/or administration of $11.5 billion as of June 30, 2024. The company has built a reputation for providing high-quality products and innovative wealth management, investment banking, commercial, and retail solutions.
Tortorice's hiring comes at a time when personalized banking services for high-net-worth individuals and businesses are increasingly in demand, particularly in competitive markets like New York. Her expertise in managing sophisticated portfolios is expected to enhance Peapack Private's ability to meet these specialized needs, strengthening its market position and contributing to ongoing growth. As the financial services landscape evolves, the addition of seasoned professionals like Tortorice becomes increasingly valuable for firms seeking to expand their commercial operations. For more information, visit https://www.pgbank.com and https://www.peapackprivate.com.
