Peapack Private Bank & Trust has recruited Michael Madonia as a Senior Managing Director in its Commercial and Industrial Lending Division, signaling strategic expansion of its business banking capabilities in the competitive New York metropolitan market.
With 22 years of banking experience, Madonia brings a robust professional background from leading financial institutions. Most recently serving as Senior Vice President Director at Amalgamated Bank, where he developed the business banking segment, Madonia has demonstrated consistent success in client relationship management and portfolio growth.
Prior to his role at Amalgamated, Madonia led business banking teams at M&T Bank, managing banking professionals across Westchester and Fairfield counties. His expertise in cultivating business relationships and expanding commercial lending portfolios positions him as a significant addition to Peapack Private Bank & Trust's strategic objectives.
Beyond his professional achievements, Madonia maintains active community involvement, serving on the Board of Directors for ArtsWestchester as Executive Vice President. His academic credentials include an MBA in Financial Management from Pace University's Lubin School of Business and a Bachelor of Science from SUNY Geneseo's Jones School of Business.
Madonia's appointment reflects Peapack Private Bank & Trust's commitment to expanding its commercial banking services. With total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024, the bank continues to position itself as a significant player in the regional banking landscape.
The strategic hiring of an experienced banking professional like Madonia suggests the bank's intention to strengthen its commercial lending platform and enhance its competitive positioning in the New York metropolitan area's dynamic financial services market.
