Peapack Private Appoints Leonard Carraturo as Senior Managing Director, Commercial Private Banker
Rhea-AI Summary
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack Private Bank & Trust appointed Leonard Carraturo as Senior Managing Director, Commercial Private Banker. He joins the commercial banking team to provide customized lending and banking solutions supporting client growth initiatives, acquisitions, capital investments, treasury management, and long-term financial objectives.
Carraturo brings over 20 years of commercial banking and financial services experience, with expertise in middle-market C&I lending, sponsor finance, healthcare finance, asset-based lending, and treasury management. He previously held leadership and relationship management roles at Metropolitan Commercial Bank and Webster Bank, and earlier worked at Wells Fargo, Community Mutual Savings Bank, JPMorgan Chase, Moody’s Investors Service, and Bear Stearns. Peapack-Gladstone reported $7.7 billion in total assets and $13.1 billion in assets under management and/or administration as of March 31, 2026.
Positive
- None.
Negative
- None.
News Market Reaction – PGC
In the Jul 23 session, PGC declined 0.39%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 10 | Commercial hiring | Positive | -0.2% | Appointed commercial real estate executive with more than 20 years of experience. |
| Jul 09 | Earnings date notice | Neutral | +2.8% | Scheduled Q2 2026 results release and conference call for July 27 and July 28. |
| Jul 08 | Payment technology expansion | Positive | -4.2% | Introduced Remote Official Check Printing technology for real estate payment services. |
| Jun 10 | Sales leadership appointment | Positive | +0.9% | Appointed national sales manager with a stated $2 billion origination target. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Historical reactions ranged from -4.19% to +2.77%, with no consistent response pattern across recent announcements.
Key Terms
commercial and industrial (c&i) lending financial
sponsor finance financial
asset-based lending financial
treasury management financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEDMINSTER, N.J., July 23, 2026 (GLOBE NEWSWIRE) -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the appointment of Leonard Carraturo as Senior Managing Director, Commercial Private Banker. Carraturo joins Peapack Private’s experienced commercial banking team where he will deliver customized lending and banking solutions while partnering closely with clients to support growth initiatives, acquisitions, capital investments, treasury management needs, and long-term financial objectives through the Bank’s relationship-driven approach.
Carraturo brings more than 20 years of commercial banking and financial services experience, with extensive expertise in middle-market commercial and industrial (C&I) lending, sponsor finance, healthcare finance, asset-based lending, treasury management and client relationship management. “Leonard’s extensive commercial banking experience, strong market presence, and proven track record of developing long-term client relationships make him an outstanding addition to our team,” said Dawn Kasulke, Senior Managing Director, Team Leader. “His deep knowledge across middle market banking, sponsor finance, and healthcare lending further strengthens our ability to deliver sophisticated financial solutions to our clients and communities.”
Prior to joining Peapack Private, Leonard served as Vice President and Commercial Banking Relationship Manager at Metropolitan Commercial Bank in New York City, where he managed and expanded relationships with middle-market companies, private equity sponsor-backed businesses, family offices, healthcare service organizations, and professional intermediaries. During his tenure, he consistently exceeded business development goals, helped establish the bank’s sponsor finance platform, and originated and executed a broad range of financing solutions, including acquisition, leveraged cash flow, working capital, commercial real estate, and revolving credit facilities.
Previously, Carraturo was Vice President, Business Development Officer for Asset-Based Lending at Webster Bank where he developed strategic relationships with private equity sponsors, family offices, and investment banking professionals while originating and structuring financial solutions for middle-market companies. His efforts drove portfolio growth and new client acquisition across healthcare, manufacturing, distribution, and business services sectors.
Earlier in his career, Leonard served in commercial banking and credit-related positions with Wells Fargo, Community Mutual Savings Bank, JPMorgan Chase, Moody’s Investors Service, and Bear Stearns, building a strong foundation in credit analysis, underwriting, commercial lending, and relationship management.
Carraturo earned a Bachelor’s degree from Iona College.
About the Company
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of
###
Contact: Rosanne Schwab, Peapack Private Bank & Trust, Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ 07921 rschwab@peapackprivate.com, (908) 719-6543.
Attachment
