Peapack-Gladstone Financial Corp. and Peapack Private Bank & Trust announced Sept. 12 additions to its equipment finance and leasing subsidiary, Peapack Capital.
Peapack Capital provides asset finance and equipment leasing solutions, specializing in mid- to large-scale transactions that empower businesses to grow and succeed. The unit will be led by Anthony Perettine, senior managing director and president. He is responsible for building and diversifying a portfolio of equipment lease and loan receivables through the development of both intermediary and direct business lines, while also managing the legacy capital markets business.
“Peapack Capital was founded in 2017 and has grown considerably thanks to the dedication of an experienced team focused on entering and expanding in the equipment finance space,” said Perrettine. “By joining now, we are investing in the future and committing to aggressive growth.”
Perrettine joined Peapack Capital from Flagstar Financial, where he served as executive vice president and division head, growing the business to more than $2 billion in assets and overseeing all production metrics, investment decisions, and strategic direction. His prior leadership roles include managing director and senior vice president at Capital One and Signature Bank, where he launched and led de novo equipment finance platforms.
Peapack Capital also added Bruce J. Winter as senior managing director and chief operating officer. He is responsible for strategic leadership, client onboarding, risk management, regulatory compliance, and performance metrics. Winter founded FSG Capital in 1991 and has served the equipment finance industry in numerous leadership roles.
Also joining Peapack Capital from Flagstar Financial are Leslie Roberts, Lori Gresko, Kevin Kitson, and Nicholas L. Cremonese Jr.
Roberts is senior managing director and senior client relationship manager and will oversee intermediary relationships, client satisfaction, and portfolio performance. She has more than 20 years of experience and focuses on complex deal negotiation, account management, and strategic portfolio oversight.
Gresko is senior vice president and senior underwriter and leads the Peapack Capital underwriting department, developing credit policies, defining risk criteria, and managing portfolio performance. She has more than 15 years of credit and underwriting experience.
Kitson is vice president and senior underwriter and supports transaction underwriting and risk management, with expertise in transportation, construction, and manufacturing sectors.
Cremonese, Jr., is managing director and relationship manager and will manage intermediary client relationships, portfolio performance, and new business development, with a focus on national third-party intermediaries.
“Our goal is to take the next step by more broadly developing an intermediary equipment finance and leasing program at Peapack Capital,” said Winter. “We see this as additive to the current platform and believe that by combining it with our legacy business, Peapack Capital will be better positioned to compete with larger institutions in the space.”
Peapack-Gladstone Financial Corp, founded in 1921, is a bank holding company with total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30.
