Peapack Private Bank & Trust has announced the promotion of Linda Osterman to Senior Managing Director, a move that underscores the institution's commitment to leveraging experienced financial professionals to enhance its private wealth management services.
With more than four decades of banking and financial expertise, Osterman brings a wealth of knowledge to her new role. Her promotion follows a distinguished career that includes significant tenures at prominent financial institutions such as Mellon Bank, NA, and Summit Bank, where she held residential lending positions.
In her new capacity, Osterman will be instrumental in developing the bank's private wealth relationships. Her primary focus will involve originating residential-related loans for clients within the wealth management division, as well as cultivating relationships with high-net-worth clients and potential prospects.
Osterman's professional achievements are complemented by her strong community involvement. A Lehigh University alumna, she has dedicated significant time to local educational institutions, serving as President of The Tewksbury Education Foundation for over 11 years. Her community engagement extends to active participation in committees at The Pingry School and Gill St. Bernard's School, and ongoing support for the Greater Somerset County YMCA.
The promotion reflects Peapack Private Bank & Trust's strategic approach to maintaining a robust and experienced leadership team. 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.
Osterman's elevation to Senior Managing Director signals the bank's recognition of her expertise and potential to drive continued growth in its private banking and wealth management sectors. Her deep understanding of residential lending and commitment to client-centric banking aligns closely with the institution's core values and strategic objectives.
