Peapack-Gladstone Financial Corporation (PGC) Stock: In Focus After Naming Leonard Carraturo Senior Managing Director 

TLDR

• PGC names Leonard Carraturo to strengthen commercial banking leadership team.
• Peapack Private expands commercial banking with veteran Leonard Carraturo.
• PGC boosts middle-market banking strategy through key executive appointment.
• Leonard Carraturo joins Peapack Private to expand commercial lending services.
• Peapack-Gladstone strengthens commercial banking with experienced industry leader.

Peapack-Gladstone Financial Corporation stock traded at $45.35, down 1.11%, after the company announced a senior leadership appointment. The bank named Leonard Carraturo as Senior Managing Director and Commercial Private Banker. The appointment supports the company’s commercial banking expansion and long-term relationship banking strategy.

Peapack-Gladstone Financial Corporation (PGC)

Peapack Private Adds Commercial Banking Veteran

Leonard Carraturo joined Peapack Private Bank & Trust with more than two decades of commercial banking experience. He will provide lending and banking solutions for middle-market businesses across multiple industries. He will also support acquisitions, capital investments, treasury management, and long-term financing needs.

The appointment strengthens the bank’s commercial banking division and expands its advisory capabilities. Carraturo brings experience across commercial and industrial lending, sponsor finance, healthcare finance, and asset-based lending. His background also includes treasury management and long-term client relationship development.

Senior Managing Director Dawn Kasulke said Carraturo’s experience and market presence strengthen the bank’s commercial banking platform. She added that his knowledge supports the delivery of financial solutions for businesses and communities. The appointment also reflects the company’s relationship-focused banking model.

Carraturo Brings Broad Commercial Banking Experience

Before joining Peapack Private, Carraturo served as Vice President and Commercial Banking Relationship Manager at Metropolitan Commercial Bank. He managed relationships with middle-market companies, healthcare organizations, family offices, and private equity-backed businesses. He also originated financing solutions covering acquisitions, working capital, leveraged cash flow, commercial real estate, and revolving credit facilities.

Earlier, Carraturo worked as Vice President and Business Development Officer for Asset-Based Lending at Webster Bank. He developed relationships with private equity sponsors, investment banking professionals, and family offices. His efforts expanded lending portfolios across healthcare, manufacturing, distribution, and business services sectors.

His earlier banking career included positions at Wells Fargo, Community Mutual Savings Bank, JPMorgan Chase, Moody’s Investors Service, and Bear Stearns. Those roles strengthened his experience in underwriting, credit analysis, relationship management, and commercial lending. Carraturo also earned a bachelor’s degree from Iona College.

Appointment Supports Long-Term Growth Strategy

Peapack-Gladstone Financial Corporation continues to strengthen its commercial banking leadership through experienced industry professionals. The latest appointment aligns with the company’s strategy of serving businesses through customized financial services. It also supports broader efforts to expand relationships across key commercial markets.

Peapack Private Bank & Trust operates as a boutique private bank serving individuals, families, business owners, family offices, and professional advisors. The bank combines lending, wealth management, investment banking, and trust services under a relationship-based model. Each client works with a dedicated relationship manager who coordinates specialized financial solutions.

As of March 31, 2026, Peapack-Gladstone Financial Corporation reported $7.7 billion in total assets. The company also managed or administered $13.1 billion in client assets through its wealth management business. Founded in 1921, the New Jersey banking group continues expanding its commercial banking platform while maintaining its focus on personalized financial services.

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