Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust announced the appointment of Elizabeth Martone as Senior Managing Director, Group Director. Martone will operate from the Bank's Park Avenue Office in New York City as part of James Handal's leadership team.
This appointment represents a significant strategic move for Peapack Private, a commercial bank with $7.4 billion in total assets and $12.9 billion in assets under management and/or administration as of September 30, 2025. The addition of a senior executive with Martone's credentials indicates the bank's commitment to expanding its presence and enhancing services in the competitive New York financial market.
Martone brings 25 years of financial services experience to her new role, with a proven track record in building high-value client relationships, driving business development, and improving operational efficiency. Her most recent position was as Senior Vice President, Commercial Private Banking at BankUnited in Melville, NY, where she led a team focused on enhancing client experience and cultivating new business opportunities among high-net-worth individuals, companies, and referral networks.
Prior to her tenure at BankUnited, Martone served as Managing Director at The Montauk Group, where she helped develop and implement comprehensive global banking relationship management strategies. Her earlier career included positions as Vice President, Cash Management at Herald National Bank; Vice President, Private Banking at Capital One; and Vice President, Cash Management Team Lead at North Fork Bank.
The appointment matters because it strengthens Peapack Private's leadership team at a time when financial institutions are competing intensely for high-net-worth clients and corporate relationships. Martone's extensive experience in private banking and relationship management positions her to contribute significantly to the bank's client-centric approach, which includes wealth management, investment banking, and commercial banking solutions.
For clients and the broader financial industry, this move signals Peapack Private's continued investment in experienced leadership to support its comprehensive financial, tax, fiduciary, and investment advisory services. The bank, founded in 1921, has built its reputation on customized solutions for individuals, families, privately held businesses, family offices, and not-for-profit organizations. More information about the bank's services is available at https://www.peapackprivate.com.
Martone's educational background includes a Bachelor of Arts degree in Psychology, Philosophy and Education from Siena College. Her appointment reflects the ongoing importance of relationship management expertise in the banking sector, particularly as institutions navigate evolving client expectations and market conditions. The original announcement can be viewed at https://www.newmediawire.com.
