Peapack Private Bank & Trust has strengthened its Commercial Real Estate (CRE) division by hiring Nicholas LaMorte as a Senior Managing Director. LaMorte brings extensive experience in real estate finance, having previously served as Senior Vice President and Group Director at Signature Bank, where he developed a substantial commercial real estate portfolio totaling approximately $3.8 billion in loan balances.
With more than two decades of professional experience in the New York Metropolitan area, LaMorte specializes in credit and depository services for top-tier real estate investors. His expertise will be crucial in helping Peapack Private Bank expand its market presence, increase loan production, and develop its commercial real estate portfolio.
LaMorte's professional background includes sourcing, negotiating, and underwriting loans across various property types. A graduate of Pace University's Lubin School of Business with a Bachelor of Administration in Finance, he represents a strategic addition to the bank's growing CRE team.
This hire reflects Peapack-Gladstone Financial Corporation's continued commitment to expanding its financial services and strengthening its position in the commercial real estate market. By bringing in a seasoned professional like LaMorte, the bank aims to enhance its competitive edge and provide sophisticated financial solutions to real estate investors.
