Michael Madonia has been appointed as a Senior Managing Director in the Commercial and Industrial Lending Division at Peapack Private Bank & Trust, a move that underscores the bank's commitment to strengthening its leadership and expanding its services in the New York metropolitan area. With over two decades of banking experience, Madonia's role is pivotal in driving the bank's strategic objectives, particularly in growing its commercial loan and deposit portfolio.
Madonia's previous tenure at Amalgamated Bank as a Senior Vice President Director, where he played a key role in developing the business banking segment, along with his leadership at M&T Bank, positions him as a valuable asset to Peapack Private Bank & Trust. His deep understanding of business banking and proven track record in client development and relationship management are expected to enhance the bank's market presence and client-centric approach.
Beyond his professional accomplishments, Madonia's dedication to community service, notably his position as Executive Vice President for ArtsWestchester, reflects his commitment to societal engagement, aligning with the bank's values. His academic background, including an MBA in Financial Management from Pace University's Lubin School of Business, further complements his professional expertise.
This appointment is timely for Peapack-Gladstone Financial Corporation, which reported total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024. Madonia's expertise is anticipated to contribute significantly to the bank's growth and its ability to offer comprehensive financial solutions. For more information on Peapack Private Bank & Trust's services, visit https://www.peapackprivate.com.
