Peapack-Gladstone Bank Hires Senior Vice President, Director of Residential and Consumer Lending

Rhea-AI Summary

Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has announced the appointment of Neil Viotto as Senior Vice President, Director of Residential and Consumer Lending. He will oversee residential and consumer lending operations, including loan origination management and new business development, from the headquarters in Bedminster, NJ. With over 29 years in the industry, Viotto previously held key positions at Somerset Savings Bank and Superior Mortgage Corp, enhancing operational efficiency and customer service. As of March 31, 2021, the corporation holds total assets of $6.0 billion.

Positive

• Neil Viotto brings over 29 years of industry experience, enhancing leadership.
• His previous roles focused on improving operational efficiency, which may benefit PGC.

Negative

• Concerns about continuity and potential experience gaps in leadership due to management change.

Bedminster, NJ, May 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank announce the appointment of Neil Viotto, Senior Vice President, Director of Residential and Consumer Lending.  Operating out of the Bank’s headquarters in Bedminster, NJ, Mr. Viotto is responsible for both residential and consumer lending, management of the loan origination team, and new business development and underwriting.  

With more than 29 years of industry experience, Neil most recently served as Vice President, Mortgage Originations Manager, Compliance Officer at Somerset Savings Bank, SLA, Bound Brook, NJ, where he streamlined the online mortgage application system while overseeing all aspects of the mortgage process from underwriting to processing and closing.  During his tenure, he also served as Home Mortgage Disclosure Act (HMDA) Officer for the bank.  Prior to that, Mr. Viotto held the position of Executive Vice President, Branch Sales Manager for Superior Mortgage Corp. in Cedar Knolls, NJ where he managed company sales teams and oversaw all aspects of the company’s origination system, from opening to closing, to ensure quality assurance and customer service.  Additionally, Neil held managerial lending positions at Crystal Mortgage Corporation, Superior Bank, First Union Bank/The Money Store and Avco Financial Services.

Mr. Viotto holds a Bachelor of Science Degree in Accounting from Kean University of New Jersey.  He is a board member of the Land Use Board in the Town of Clinton, NJ, where he resides.

About Peapack-Gladstone Bank

Founded in 1921, Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of $6.0 billion and wealth management assets under management and/or administration of $9.4 billion as of March 31, 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.

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FAQ

Who is Neil Viotto and what is his role at PGC?

Neil Viotto is the newly appointed Senior Vice President, Director of Residential and Consumer Lending at Peapack-Gladstone Financial Corporation (PGC).

What experience does Neil Viotto have?

Neil Viotto has over 29 years of experience in the lending industry, previously serving in roles at Somerset Savings Bank and Superior Mortgage Corp.

What are the total assets of Peapack-Gladstone Financial Corporation?

As of March 31, 2021, Peapack-Gladstone Financial Corporation holds total assets of $6.0 billion.

What impact might Neil Viotto's appointment have on Peapack-Gladstone Financial Corporation?

His extensive experience may bring fresh perspectives and potentially improve lending operations at PGC.