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Peapack-Gladstone Bank Announces Enhancements to its Subsidiary, Peapack Capital
Bedminster, NJ, Sept. 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and
About this update from Peapack-gladstone Financial Corporation
[{"type":"text","content":"Bedminster, NJ, Sept. 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce enhancements to its equipment finance and leasing subsidiary, Peapack Capital. Dennis Smith has been named President of the division, while Richard Johnston has been named National Director of Sales. Together, Dennis and Rich now lead a team of 16, operating out of Bedminster, NJ and Northborough, Massachusetts. A 30-year plus veteran in the business, Denny Smith of Hudson, New Hampshire, joined Peapack Capital in 2017, as Senior Vice President and Chief Operating Officer of Peapack Capital. As President, Denny will focus on elevating divisional operations and capabilities. Prior to joining Peapack Capital, Denny managed front and mid-office operational functions including pricing, structuring, buy/sell syndication, proposal creation, profitability analysis, incentive compensation, closing functions, change management, and Infolease system upgrade projects for Sovereign Bank/Santander Bank, N.A., as Senior Vice President and Managing Director. He also served as Director of the group during an in-footprint product launch in 2012. Denny originally joined Sovereign Bank in August 2004 to launch tax and non-tax equipment lease products for all asset classes. He spent 15 years at Fleet Capital Corporation where he was Vice President, National Finance Manager, responsible for developing and communicating pricing philosophy and methodology to the bank relationship managers, the leasing sales force and senior management, and for providing pricing and structuring support for all leasing products. He was also involved in providing lease product education to relationship managers and their clients. Prior to Fleet, Denny was at a non-bank equipment lessor, Signal Capital Corporation. A graduate of the University of New Hampshire with a Bachelor of Science in Business Administration, Denny will continue to help grow and lead the equipment finance and lease vertical for Peapack Capital. Rich Johnston has over 30 years of leasing and structured finance expertise in the origination of middle market and large-ticket asset finance transactions in the primary and secondary syndication markets and on a direct basis. He joined Peapack Capital in 2017 as Seni...