Peapack Private Appoints Leonard Carraturo as Senior Managing Director, Commercial Private Banker

Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack Private Bank & Trust appointed 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.

Argus Jul 23 session

-0.39% close to close Open Argus

Details

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.

Market Context

Recent PGC insider activity was explicitly recorded as Net Selling. Against that platform signal, th...

Analysis

Recent PGC insider activity was explicitly recorded as Net Selling. Against that platform signal, this commercial-banking appointment is best assessed through subsequent evidence on client growth and execution, with insider transactions remaining a risk factor.

Key Figures

Commercial banking experience: more than 20 years Total assets: $7.7 billion Assets under management and/or administration: $13.1 billion

Commercial banking experience

more than 20 years

Leonard Carraturo professional background

Total assets

$7.7 billion

As of March 31, 2026

Assets under management and/or administration

$13.1 billion

As of March 31, 2026

Historical Context

4 past events · Latest: Jul 10

4 events

1. Jul 10

   Commercial hiring

   24h Move

   -0.2%

   Appointed commercial real estate executive with more than 20 years of experience.

2. Jul 09

   Earnings date notice

   24h Move

   +2.8%

   Scheduled Q2 2026 results release and conference call for July 27 and July 28.

3. Jul 08

   Payment technology expansion

   24h Move

   -4.2%

   Introduced Remote Official Check Printing technology for real estate payment services.

4. Jun 10

   Sales leadership appointment

   24h Move

   +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.

Key Terms

commercial and industrial (c&i) lending, sponsor finance, asset-based lending, treasury management

4 terms

commercial and industrial (c&i) lending financial

"extensive expertise in middle-market commercial and industrial (C&I) lending"

Loans and credit products extended by banks and lenders to non-retail businesses for operating needs, equipment purchases, commercial real estate, inventory and cash-flow management. It includes term loans, lines of credit, equipment financing and commercial mortgages—think of it like a business’s version of a mortgage or credit card used to run and grow operations. It matters to investors because the volume, pricing and default rates of C&I lending affect banks’ revenue, risk exposure and indicators of broader economic activity.

sponsor finance financial

"middle-market commercial and industrial (C&I) lending, sponsor finance"

Sponsor finance is funding provided by a deal backer—such as a private equity firm, special purpose acquisition company (SPAC) sponsor or project sponsor—to help buy, build, or support a business. Think of the sponsor as a trusted friend who lends money or guarantees a loan so a deal can close; this matters to investors because it affects how risky the deal is, how much debt a company carries, and whether ownership may be diluted or a transaction will actually happen.

asset-based lending financial

"healthcare finance, asset-based lending, treasury management"

Asset-based lending is a type of loan where a borrower uses tangible assets — such as inventory, accounts receivable, equipment, or real estate — as collateral to secure credit. For investors, it matters because the quality and liquidity of the pledged assets affect the lender’s risk and the borrower’s borrowing capacity; like borrowing against items in a pawnshop, stronger assets generally mean safer loans and clearer recovery options if the borrower defaults.

treasury management financial

"asset-based lending, treasury management and client relationship management"

Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 $7.7 billion and assets under management and/or administration of $13.1 billion as of March 31, 2026. Founded in 1921, Peapack Private Bank & Trust is a boutique private bank serving successful individuals, families, business owners, family offices, and their trusted advisors through personalized relationships and bespoke banking, lending, wealth management, investment banking, and trust solutions. Distinguished by a relationship-first approach, every client is supported by a dedicated relationship manager who provides thoughtful guidance, seamless coordination, and access to the Bank's full breadth of expertise. The Bank's Wealth Management division delivers sophisticated investment management, fiduciary, tax, estate, and financial planning strategies designed to help clients preserve, grow, and transfer wealth across generations. Defined by discretion, exceptional service, and enduring relationships, Peapack Private is committed to helping clients achieve their financial goals while protecting the legacy they have built. For more information, visit www.peapackprivate.com.

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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

• Leonard Carraturo

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Leonard Carraturo, newly appointed Senior Managing Director at Peapack Private (NASDAQ: PGC)?

Leonard Carraturo is a commercial banker with over 20 years of experience in middle-market lending and financial services. According to Peapack-Gladstone Financial, he has expertise in C&I lending, sponsor finance, healthcare finance, asset-based lending, treasury management, and client relationship management.

What role will Leonard Carraturo have at Peapack Private Bank & Trust (PGC)?

Leonard Carraturo has been appointed Senior Managing Director, Commercial Private Banker at Peapack Private. According to the company, he will deliver customized lending and banking solutions, supporting client growth initiatives, acquisitions, capital investments, treasury management needs, and long-term financial objectives through a relationship-driven approach.

What is Leonard Carraturo’s prior banking experience before joining Peapack-Gladstone Financial (PGC)?

Before joining Peapack-Gladstone Financial, Leonard Carraturo served as Vice President and Commercial Banking Relationship Manager at Metropolitan Commercial Bank and Vice President, Business Development Officer for Asset-Based Lending at Webster Bank. According to the company, he also held earlier roles at Wells Fargo, JPMorgan Chase, Moody’s, and Bear Stearns.

How large is Peapack-Gladstone Financial Corporation (NASDAQ: PGC) as of March 31, 2026?

Peapack-Gladstone Financial reported total assets of $7.7 billion as of March 31, 2026. According to the company, it also had $13.1 billion in assets under management and/or administration, reflecting its combined banking and wealth management platform focused on private banking clients.

What types of clients does Peapack Private Bank & Trust (PGC) focus on serving?

Peapack Private Bank & Trust focuses on successful individuals, families, business owners, family offices, and their trusted advisors. According to the company, it offers personalized relationships and bespoke banking, lending, wealth management, investment banking, and trust solutions supported by dedicated relationship managers.

How might Leonard Carraturo’s appointment support Peapack-Gladstone Financial’s commercial banking strategy (PGC)?

Leonard Carraturo is expected to enhance Peapack-Gladstone’s commercial private banking capabilities through his middle-market and sponsor finance experience. According to the company, his background in healthcare, asset-based lending, and relationship management supports delivery of sophisticated financial solutions to commercial and healthcare clients.