Peapack Private Bank & Trust has announced the addition of Kenneth A. Stagnari as a Senior Managing Director in its Commercial Real Estate (CRE) division, signaling a strategic move to expand its lending platform and market presence.
Stagnari brings extensive industry experience from his previous role at Signature Bank, where he served as Senior Vice President and Group Director of CRE Lending. During his tenure, he managed a substantial portfolio exceeding $6 billion, comprising over 1,000 loans across diverse asset classes including multifamily, retail, office, mixed-use, and development properties.
His professional background includes significant roles at prominent financial institutions such as People's United Bank, M&T Bank, Beacon Federal Bancorp, and North Fork Bank. At People's United Bank, Stagnari demonstrated his expertise by successfully stabilizing a $1.5 billion CRE loan portfolio during an acquisition.
With academic credentials from the State University of New York at Canton and Long Island University, Stagnari's professional memberships in the International Council of Shopping Centers and Risk Management Association further underscore his industry knowledge and commitment to professional development.
Stagnari's recruitment represents a strategic enhancement for Peapack Private Bank & Trust, which aims to leverage his deep understanding of commercial real estate lending, relationship management, and risk assessment. His expertise in negotiating, structuring, and originating complex loans across multiple asset classes positions the bank to potentially expand its market reach and diversify its lending portfolio.
The addition of such an experienced professional signals the bank's commitment to growing its commercial real estate lending capabilities and providing sophisticated financial solutions to high-net-worth investors and corporate clients.
