Peapack Private Bank & Trust has appointed Michael Madonia as Senior Managing Director of its Commercial and Industrial Lending Division, signaling the bank's strategic expansion in the competitive New York metropolitan banking market.
Madonia brings extensive banking expertise from previous roles at Amalgamated Bank and M&T Bank, where he developed a strong track record in business banking leadership. His appointment aims to grow the bank's commercial loan and deposit portfolio through his proven relationship management skills.
With 22 years of banking experience, Madonia has demonstrated success in building business banking segments and leading high-performing teams. His professional background includes leadership roles in Westchester and Fairfield counties, regions critical to the bank's growth strategy.
Beyond his professional credentials, Madonia's community involvement, including serving as Executive Vice President on the ArtsWestchester Board of Directors, suggests a commitment to local economic and cultural development. His academic background, with an MBA from Pace University and a Bachelor of Science from SUNY Geneseo, further reinforces his strategic business acumen.
Peapack Private Bank & Trust, with $7.0 billion in total assets, continues to position itself as a client-centric financial institution offering comprehensive banking and wealth management solutions. Madonia's appointment represents a strategic investment in expanding the bank's commercial lending capabilities and market presence.
