Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have announced significant expansion of their equipment finance and leasing subsidiary, Peapack Capital, through the addition of a new team of experienced specialists. This strategic growth initiative aims to enhance the bank's capabilities in mid- to large-scale equipment financing transactions that support business growth and development.
The expansion is led by Anthony Perettine, who joins as Senior Managing Director and President after serving as Executive Vice President and Division Head at Flagstar Financial, where he grew the business to over $2 billion in assets. Perettine will be responsible for building and diversifying the equipment lease and loan portfolio through both intermediary and direct business channels while managing the legacy capital markets operations.
Bruce J. Winter joins as Senior Managing Director and Chief Operating Officer, bringing extensive industry experience including his role as Executive Board Member of the Equipment Leasing and Finance Association and 2024 Chair of LeasePAC. Winter will oversee strategic leadership, client onboarding, risk management, regulatory compliance, and performance metrics for the expanded operations.
The team expansion includes several additional specialists from Flagstar Financial: Leslie Roberts as Senior Managing Director and Senior Client Relationship Manager, Lori Gresko as Senior Vice President and Senior Underwriter, Kevin Kitson as Vice President and Senior Underwriter, and Nicholas L. Cremonese, Jr. as Managing Director and Relationship Manager. These appointments strengthen Peapack Capital's underwriting capabilities, client relationship management, and intermediary network development.
The strategic importance of this expansion lies in Peapack Capital's enhanced ability to compete with larger financial institutions in the equipment finance space. By combining the new intermediary equipment finance and leasing program with the existing legacy business, the subsidiary aims to offer more comprehensive asset financing solutions across various industries including transportation, construction, and manufacturing sectors.
The existing legacy business team, led by Lisa Chalkan, Lori Moylan, Richard Johnston, and Lisa Fitzgerald, will continue to provide asset finance and equipment leasing solutions while working alongside the new team members. This combined expertise positions Peapack Capital to better serve businesses requiring equipment financing while maintaining high asset quality standards and regulatory compliance.
This expansion reflects the growing importance of equipment financing in supporting business growth and economic development, particularly as companies seek flexible financing options for capital equipment acquisitions. The enhanced capabilities will enable Peapack Capital to serve a broader range of clients and transaction sizes while maintaining the bank's commitment to client-centric banking solutions. For more information, visit https://www.peapackprivate.com.
