Peapack Private Bank & Trust has taken a significant step forward in bolstering its Commercial Real Estate (CRE) lending platform by appointing Kenneth A. Stagnari as a Senior Managing Director. With a career spanning over 25 years in the financial sector, Stagnari's most recent role was as Senior Vice President and Group Director of CRE Lending at Signature Bank in New York, where he oversaw a portfolio of more than 1,000 loans totaling over $6 billion. His expertise encompasses a wide range of asset classes, including multifamily, retail, office, mixed-use, and shelter housing, among others.
Stagnari's previous experience includes pivotal roles at People's United Bank, where he played a key role in stabilizing a $1.5 billion CRE loan portfolio during an acquisition, and at other notable institutions such as M&T Bank, Beacon Federal Bancorp, and North Fork Bank. His comprehensive background in underwriting, credit, and risk management positions him as a valuable asset to Peapack Private Bank & Trust's strategic objectives.
Educationally, Stagnari holds a Bachelor of Technology in Public Safety: Criminal Investigations from the State University of New York at Canton and a Master of Public Administration from Long Island University. His professional affiliations include memberships in the International Council of Shopping Centers (ICSC) and the Risk Management Association (RMA), underscoring his commitment to industry excellence and continuous learning.
This appointment is a clear indicator of Peapack Private Bank & Trust's ambition to expand its CRE lending platform and penetrate new markets. With assets totaling $7.0 billion and under management assets of $11.9 billion as of December 31, 2024, the bank is poised for growth, emphasizing its dedication to providing client-focused banking solutions. For more information on Peapack Private Bank & Trust's services, visit https://www.peapackprivate.com.
