Peapack-Gladstone Financial Corporation has announced the appointment of Peter Clemente as a Senior Managing Director and Group Director within its Commercial Banking division, signaling a strategic move to bolster its leadership and expand its commercial banking services. Clemente, who will be based at the bank's newest location in Garden City, New York, brings a wealth of experience from his tenure at several prominent financial institutions, including Flagstar Bank, IDB Bank, and HSBC Bank USA, N.A.
With a career marked by significant achievements in revenue growth and sales strategy development, Clemente's expertise is expected to play a pivotal role in Peapack-Gladstone's expansion efforts. His most recent role as a senior vice president and group director at Flagstar Bank saw him implementing sales strategies for high-profile clients, a skill set that will be invaluable in his new position. Prior to that, at IDB Bank, Clemente was instrumental in establishing and developing the Long Island middle market segment, showcasing his ability to drive growth in competitive markets.
Clemente's academic credentials, including a Bachelor of Science in Accounting from St. John's University and a Master of Business Administration in Finance from Fordham University, further underscore his qualifications for this leadership role. His selection as a member of Beta Gamma Sigma during his graduate studies highlights his academic excellence and commitment to the field of business.
Peapack Private Bank & Trust, with $7.1 billion in total assets and $11.8 billion in assets under management as of March 31, 2025, is poised to benefit from Clemente's leadership. Known for its client-centric approach, the bank offers a wide range of financial services, including wealth management, investment banking, and personal banking solutions. Clemente's appointment is a testament to the bank's commitment to strengthening its commercial banking division and enhancing its market presence in the New York metropolitan area.
