Peapack-Gladstone Bank Promotes Gregory M. Smith, President of Commercial Banking and Stuart Vorcheimer, Market President and Head of Commercial and Industrial Lending at Peapack-Gladstone Bank
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has announced the promotion of Gregory M. Smith to President of Commercial Banking and Stuart Vorcheimer to Market President and Head of Commercial and Industrial (C&I) Lending at Peapack-Gladstone Bank. Smith's responsibilities include leading the bank's commercial banking operations, while Vorcheimer will oversee C&I lending. Both leaders bring extensive experience from Capital One Bank, contributing to the bank’s aim to enhance client service and expand its commercial offering, which is critical for future growth.
- Appointment of Gregory M. Smith as President of Commercial Banking to enhance commercial operations.
- Stuart Vorcheimer appointed as Market President, focusing on high-touch client service in C&I lending.
- Both leaders have significant experience in banking, with proven track records that could improve client acquisition and retention.
- None.
Bedminster, NJ, Jan. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the elevation of Gregory M. Smith to President of Commercial Banking and Stuart Vorcheimer to Market President and Head of Commercial and Industrial (C&I) Lending at Peapack-Gladstone Bank.
In his new role Greg Smith will lead commercial banking across the organization, including C&I, commercial real estate and multifamily lending, equipment finance, investment banking and corporate advisory, the Bank’s platinum service team and professional services group, residential lending, the small business administration (SBA) team, and treasury management and escrow services. He will continue the Company’s focus and momentum on providing advice-led solutions to the Bank’s large-level commercial clients. Greg is a seasoned business banking professional who joined Peapack-Gladstone Bank from Capital One Bank where, for seven years, he served as the group sales executive for the Northeast and Mid-Atlantic regions, responsible for the
Greg holds an MBA in Business Administration/Finance from Rider University, where he graduated Suma Cum Laude, and a BS in Finance from Fairleigh Dickinson University, where he also graduated with distinction.
As Market President and Head of C&I Lending, Stuart Vorcheimer is responsible for leading the Bank’s team of commercial private bankers, who are focused on providing high-touch, personal client service in the Bank’s C&I lending business, while also providing wealth and deposit solutions for commercial businesses in northern NJ and the Tri-State.
Stuart has 27 years of experience in the financial services industry, with a focus on middle market companies, ensuring long-term achievement of their financial goals. Prior to Peapack-Gladstone Bank, he served as senior vice president, senior relationship manager, middle market and commercial banking at Capital One Bank, growing business revenues through commercial banking relationship and portfolio management, cross sell strategies and new client acquisition. Additionally, he was responsible for the contractor lending specialty team, which led to relationship success throughout NJ. Previously, as senior vice president at Bank of America, Stuart was instrumental in the growth, profitability and cross sell of all bank products, achieving the Bank’s Pinnacle Award for five consecutive years.
Stuart holds a BS in Business Administration from the University of Hartford. A resident of Wayne, NJ, Stuart is a current member of the board of directors and the former board chairman of the Metropolitan YMCA, the largest YMCA association in NJ. Additionally, he serves as co-chair of the Metropolitan YMCA’s annual Kids Care golf tournament and serves on the executive, investment, and executive compensation committees and the YMCA merger task force.
“Both Greg and Stuart are proven, highly skilled leaders with exceptional performance, management and strategy expertise in building and managing cross-functional teams, with an approach to banking focused on teamwork, dedication and commitment,” said Doug Kennedy, President and Chief Executive Officer at Peapack-Gladstone Bank.
About Peapack-Gladstone Bank
Founded in 1921, Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of
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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