Peapack Private Bank & Trust has appointed Peter Clemente as Senior Managing Director and Group Director within its Commercial Banking division, signaling a strategic enhancement of the bank's leadership team. Clemente brings extensive banking experience spanning multiple prestigious financial institutions, including Flagstar Bank, IDB Bank, and HSBC Bank USA.
With a robust career trajectory across commercial and retail banking segments, Clemente has demonstrated consistent success in driving revenue growth, developing comprehensive sales strategies, and establishing market segment opportunities. His professional background includes high-level leadership roles focused on cultivating client relationships, implementing strategic initiatives, and supporting organizational expansion.
Clemente's academic credentials complement his professional achievements. He holds a Bachelor of Science in Accounting from St. John's University and a Master of Business Administration in Finance from Fordham University, where he was selected for the prestigious Beta Gamma Sigma national business honor society.
His most recent role at Flagstar Bank involved leading group strategies for high-profile clients and organizations as a senior vice president. Previously, at IDB Bank, he was instrumental in establishing and developing the Long Island middle market segment, supporting the bank's broader growth objectives.
The appointment represents a significant strategic move for Peapack Private Bank & Trust, which currently manages $7.1 billion in total assets and $11.8 billion in assets under management. Clemente's expertise is expected to contribute to the bank's client-centric approach and its commitment to providing innovative banking solutions.
With a career spanning institutions like Citibank, Chemical Bank, and E.F. Hutton & Co., Clemente brings a wealth of diverse banking experience to his new role. His track record of success in sales, client satisfaction, employee engagement, and compliance positions him as a valuable addition to the bank's leadership team.
The new position will be based out of the bank's Garden City, New York location, further expanding Peapack Private Bank & Trust's regional presence and strategic capabilities in the competitive financial services landscape.
