Peapack-Gladstone Bank Hires Senior Managing Director, Market President

Rhea-AI Summary

Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has appointed Diane Conboy as Senior Managing Director and Market President at Peapack-Gladstone Bank. Operating from the new private banking center in Red Bank, NJ, Conboy will lead the commercial private banking team, focusing on providing personalized service and wealth solutions to businesses in Monmouth and Ocean Counties. With over 35 years of experience in financial services, she has a proven track record in C&I lending and business development, previously managing portfolios at M&T Bank and The Provident Bank.

Positive

• Diane Conboy's extensive 35 years of experience in financial services can enhance Peapack-Gladstone Bank's commercial private banking capabilities.
• Her previous success in maximizing profitability for large-revenue companies may positively influence the growth and market presence in Monmouth and Ocean Counties.

Negative

• Potential concerns about continuity in leadership as a new appointment may create an experience gap during transition.

Bedminster, NJ, Sept. 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank announce the appointment of Diane Conboy, Senior Managing Director, Market President.  Operating out of the Bank’s newest private banking location in Red Bank, New Jersey, she will lead a team of commercial private bankers, providing high-touch, personal client service, along with wealth and deposit solutions for Commercial and Industrial (C&I) businesses throughout Monmouth and Ocean Counties. 

With 35 years of financial services experience focused on C&I lending and new business development, Ms. Conboy previously served as Senior Relationship Manager, Middle Market Banking at M&T Bank.  She was responsible for new business with large-revenue companies of $20 million to $1 billion, and for maximizing portfolio cross-sell opportunities to drive profitability.  Prior to that, as Senior Vice President/Team Leader, Middle Marketing Banking Group at The Provident Bank, she increased profitability by creating new business development opportunities in a diverse client base in Central New Jersey.  Ms. Conboy also served as Vice President, OceanFirst Bank; Vice President, Summit Bank; and as Assistant Vice President, Operations Manager, NatWest Home Mortgage Corporation.  

Ms. Conboy holds a Bachelor of Science degree in Finance and Accounting from Montclair State University and serves as Chairperson of the Board of Trustees of Middlesex County College.  

About Peapack-Gladstone Bank

Founded in 1921, Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of $5.8 billion and assets under management/administration  (with Peapack Private Wealth Management) of $9.8 billion as of June 30, 2021.  Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, investment banking, 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 and Peapack Private offer an unparalleled commitment to client service.  Visit www.pgbank.com and www.peapackprivate.com for more information.

Contact:  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

• PGCConboy

FAQ

What is the significance of Diane Conboy's appointment at PGC?

Diane Conboy's appointment aims to enhance commercial banking services at Peapack-Gladstone Bank, focusing on personalized solutions for businesses.

How does Diane Conboy's background impact PGC?

Her 35 years in financial services, particularly in C&I lending and business development, is expected to improve profitability and client service.

What will Diane Conboy's role entail at Peapack-Gladstone Bank?

As Market President, she will lead a team of commercial bankers, offering wealth and deposit solutions to businesses.