Peapack-Gladstone Bank Hires New Senior Vice President

Rhea-AI Summary

Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announces the appointment of Elisa DePalma as Senior Vice President, Head of Commercial Closing, Credit Risk Management. Based in Teaneck, she will enhance the Commercial Closing Department by overseeing loan processes and improving client service across various banking sectors. DePalma has a rich background, previously serving at Capital One and Citigroup, managing significant commercial loans. Peapack-Gladstone, with total assets of $6.3 billion, continues to strive for innovative banking solutions.

Positive

• Elisa DePalma's experience at Capital One and Citigroup brings invaluable expertise to improve the closing process.
• The appointment may enhance client relationships and operational efficiency in the bank's commercial closing department.

Negative

• None.

Bedminster, NJ, Sept. 21, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Elisa DePalma, Senior Vice President, Head of Commercial Closing, Credit Risk Management.  Working out of the Bank’s Teaneck location, Elisa oversees management of the Commercial Closing Department.  Ms. DePalma is a demonstrated leader and team player and will reinforce and expand positive working relationships across the Bank.  She is responsible for management and oversight of the team whose core functions are loan closing and funding, documentation preparation and ordering third party due diligence. Her focus is to improve the closing process and provide excellent service to Peapack-Gladstone Bank clients.  Elisa also supports the closing of commercial loans in several lines of business at the Bank including Investment Banking, Commercial Real Estate (CRE), Multifamily Lending, Commercial and Industrial (C&I) Lending, Wealth Management and Community Banking.   

Previously, Ms. DePalma served as Senior Vice President, Commercial Closing Department, Commercial Real Estate (CRE) for Capital One, National Association in Fairfield, NJ where she elevated and streamlined closing processes resulting in improved client experience.  Prior to that at Citigroup Global Markets Realty Corp., New York, NY, Elisa was Director, Commercial Mortgage Finance for Commercial Mortgage-Backed Securities (CMBS) where she was actively involved in $20 billion of commercial loans from application and commitment to closing.

Elisa holds a Bachelor of Arts degree from Douglass College, Rutgers State University and Juris Doctor from Shepard Broad College of Law, Nova Southeastern University, Fort Lauderdale, FL.  She holds licenses to practice law in both New Jersey and Florida.

About Peapack-Gladstone Bank

Founded in 1921, Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of $6.3 billion and wealth management assets under management and/or administration of $7.2 billion as of June 30, 2020.  Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers.  Peapack Private, the Bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions, to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them establish, maintain and expand their legacy.  Together, Peapack-Gladstone Bank, Peapack Private and Peapack Capital, offer an unparalleled commitment to client service.  Visit www.pgbank.com and www.peapackprivate.com for more information.

Rosanne Schwab, Peapack-Gladstone Bank, Assistant Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ  07921 rschwab@pgbank.com, (908) 719-6543.

Attachment

• Elisa DePalma

FAQ

Who is Elisa DePalma and what is her role at Peapack-Gladstone Financial Corporation?

Elisa DePalma is the newly appointed Senior Vice President, Head of Commercial Closing, Credit Risk Management at Peapack-Gladstone Financial Corporation. She will oversee loan closing processes and enhance client service.

What are the expected impacts of Elisa DePalma's appointment on Peapack-Gladstone Bank?

Elisa DePalma's appointment is expected to improve the efficiency of the loan closing process and strengthen client relationships.

What is Peapack-Gladstone Financial Corporation's total assets as of June 30, 2020?

As of June 30, 2020, Peapack-Gladstone Financial Corporation holds total assets of $6.3 billion.

What experience does Elisa DePalma have in the banking industry?

Elisa DePalma has extensive experience in the banking sector, having previously served at Capital One and Citigroup, managing substantial commercial loans.