Peapack Private Bank & Trust Adds Experienced Commercial Real Estate Lending Veteran
TL;DR
Kenneth Stagnari brings over 25 years of experience in CRE lending, enhancing Peapack Private Bank's competitiveness in new markets.
Stagnari's role at Peapack Private Bank involves leading the CRE division to grow lending platform and expand into diverse asset classes.
Stagnari's expertise enables Peapack Private Bank to provide high-quality financial solutions, empowering individuals and businesses to secure and expand their legacy.
Kenneth Stagnari's transition to Peapack Private Bank signifies a strategic move in the commercial real estate lending industry, shaping the future of banking.
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Peapack Private Bank & Trust has strengthened its Commercial Real Estate (CRE) division by recruiting Kenneth A. Stagnari as a Senior Managing Director. With an impressive 25-year career in commercial real estate lending, Stagnari brings substantial expertise from his previous role at Signature Bank, where he managed a portfolio exceeding $6 billion across more than 1,000 loans.
Stagnari's professional background includes comprehensive experience in diverse asset classes such as multifamily, retail, office, mixed-use, and development loans. His extensive knowledge in underwriting, credit, and risk management positions him as a strategic addition to the bank's growth objectives.
Prior to joining Peapack, Stagnari demonstrated significant professional achievements, including successfully managing a $1.5 billion CRE loan portfolio stabilization at People's United Bank. His previous roles at institutions like M&T Bank and North Fork Bank further underscore his deep industry understanding.
The addition of Stagnari represents a strategic move for Peapack Private Bank & Trust to expand its commercial real estate lending platform and penetrate new market segments. His proven track record of managing complex lending relationships and negotiating with diverse stakeholders suggests potential significant growth for the bank's CRE division.
With professional credentials from the State University of New York at Canton and memberships in the International Council of Shopping Centers and Risk Management Association, Stagnari brings both academic and professional credibility to his new role.
Curated from NewMediaWire
