Peapack Private Bank Expands Equipment Finance Division with New Leadership Team

Peapack Private Bank & Trust has announced significant expansion of its equipment finance and leasing capabilities through the addition of a new team of seasoned specialists to its subsidiary, Peapack Capital. The strategic growth initiative aims to enhance the bank's competitive position in the equipment finance sector, particularly in mid-to-large-scale transactions that support business growth and success.

The expansion is led by Anthony Perettine, who joins as Senior Managing Director and President after serving as Executive Vice President and Division Head at Flagstar Financial, where he grew the business to over $2 billion in assets. Perettine will be responsible for building and diversifying Peapack Capital's portfolio of equipment lease and loan receivables through both intermediary and direct business lines while managing the legacy capital markets business.

Joining Perettine is Bruce J. Winter as Senior Managing Director and Chief Operating Officer, bringing extensive experience from founding FSG Capital in 1991 and serving in leadership roles including Executive Board Member of the Equipment Leasing and Finance Association and 2024 Chair of LeasePAC. Winter will oversee strategic leadership, client onboarding, risk management, regulatory compliance, and performance metrics.

The team expansion includes several additional professionals from Flagstar Financial: Leslie Roberts as Senior Managing Director and Senior Client Relationship Manager, Lori Gresko as Senior Vice President and Senior Underwriter, Kevin Kitson as Vice President and Senior Underwriter, and Nicholas L. Cremonese, Jr. as Managing Director and Relationship Manager. These appointments strengthen Peapack Capital's capabilities in intermediary relationships, underwriting, risk management, and business development across various sectors including transportation, construction, and manufacturing.

According to Bruce Winter, the strategic goal is to develop an intermediary equipment finance and leasing program that complements the existing platform, enabling Peapack Capital to better compete with larger institutions in the equipment finance space. The expansion represents a significant investment in the subsidiary's future growth trajectory, building upon the foundation established since its inception in 2017.

The legacy business team, including Lisa Chalkan as Executive Vice President and Chief Credit Officer, Lori Moylan as Senior Vice President and Chief Credit Administration Officer, Richard Johnston as Senior Managing Director and Director of Capital Markets, and Lisa Fitzgerald as Senior Vice President and Director of Commercial Lending Operations, will continue to provide asset finance and equipment leasing solutions across diverse industries and asset types.

This expansion comes as Peapack-Gladstone Financial Corporation, the parent company, reports total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025. The enhanced equipment finance capabilities position the institution to capture greater market share in the competitive equipment leasing sector while supporting business clients' growth objectives through sophisticated financing solutions. For more information about the company's services, visit https://www.peapackprivate.com.