Peapack Private Strengthens New York Presence with Veteran Banking Executive Alex Lurye

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust announced that Alex Lurye has joined the bank's New York-based commercial banking team as Senior Managing Director. This strategic hire represents Peapack Private's continued expansion in the competitive New York financial market and demonstrates the bank's commitment to strengthening its commercial banking capabilities in key metropolitan areas.

Lurye brings more than 23 years of commercial lending experience across New York, Westchester, and Long Island to his new role. His extensive background includes most recently serving as Senior Credit Officer of NYC Lending at Valley National Bank, where he oversaw multiple underwriting teams managing a substantial portfolio of $4 billion in commitments and $2.7 billion in outstandings. This level of portfolio management experience positions him to significantly contribute to Peapack Private's growth objectives in the New York market.

Prior to his role as Senior Credit Officer, Lurye held key leadership positions at Valley National Bank, including Division Head of NY Commercial Banking, where he directed group performance in budgeting, production, and portfolio management. He also served as Team Leader of NY Commercial Banking, leading a team of relationship managers focused on driving growth in loans, deposits, and fee income. These leadership roles demonstrate his capability to manage complex banking operations and drive business development in competitive financial environments.

Lurye's career foundation was built through significant roles at major financial institutions including Santander Bank and Wells Fargo, both based in New York. This diverse experience across multiple banking organizations provides him with a comprehensive understanding of the New York commercial banking landscape and client needs across various industries.

The hiring of an executive with Lurye's credentials signals Peapack Private's strategic focus on expanding its commercial banking presence in the New York metropolitan area. With Peapack-Gladstone Financial Corporation reporting total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025, this appointment aligns with the bank's growth trajectory and commitment to strengthening its market position. For more information about the bank's services, visit https://www.peapackprivate.com.

This executive appointment is particularly significant given the current competitive banking environment in New York, where experienced commercial banking leadership can provide a distinct advantage in attracting and retaining business clients. Lurye's extensive experience in credit analysis, relationship management, and portfolio oversight positions Peapack Private to better serve the complex needs of New York-based businesses seeking comprehensive banking solutions.

The move also reflects broader trends in the banking industry where regional banks are increasingly competing with larger institutions for talent and market share in key geographic areas. By bringing onboard an executive with Lurye's track record in managing multi-billion dollar portfolios and leading high-performing teams, Peapack Private demonstrates its commitment to competing effectively in the Northeast banking market while maintaining its client-centric approach to banking services.