Peapack Capital Expands Equipment Finance Division with New Leadership Team

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust announced strategic growth within its equipment finance and leasing subsidiary, Peapack Capital, with the addition of a new team of seasoned specialists. The subsidiary, which provides asset finance and equipment leasing solutions specializing in mid- to large-scale transactions, is now led by Anthony Perettine as Senior Managing Director and President. Perettine is responsible for building and diversifying the portfolio of equipment lease and loan receivables through both intermediary and direct business lines while managing the legacy capital markets business.

Perettine expressed enthusiasm about joining the established team, noting that Peapack Capital was founded in 2017 and has grown significantly due to an experienced team focused on expanding in the equipment finance space. He emphasized that this move represents an investment in the future with a commitment to aggressive growth. Perettine will lead efforts to expand products and markets, build strong client relationships, and drive portfolio and revenue growth with a focus on profitability. He previously served as Executive Vice President and Division Head at Flagstar Financial, where he grew the business to over $2 billion in assets and oversaw production metrics, investment decisions, and strategic direction.

Joining Perettine is Bruce J. Winter as Senior Managing Director and Chief Operating Officer, responsible for strategic leadership, client onboarding, risk management, regulatory compliance, and performance metrics. Winter founded FSG Capital in 1991 and has held numerous leadership roles in the equipment finance industry, including serving as an Executive Board Member of the Equipment Leasing and Finance Association and as the 2024 Chair of LeasePAC. Additional team members from Flagstar Financial include Leslie Roberts, Lori Gresko, Kevin Kitson, and Nicholas L. Cremonese, Jr., who will support the expansion of the subsidiary's capabilities.

Roberts, as Senior Managing Director and Senior Client Relationship Manager, will oversee intermediary relationships, client satisfaction, and portfolio performance, bringing over 20 years of experience in complex deal negotiation and strategic portfolio oversight. Gresko, as Senior Vice President and Senior Underwriter, leads the underwriting department, developing credit policies and managing risk criteria with over 15 years of experience. Kitson supports transaction underwriting and risk management with expertise in transportation, construction, and manufacturing sectors, while Cremonese focuses on managing intermediary client relationships and new business development.

Winter highlighted the goal of broadly developing an intermediary equipment finance and leasing program at Peapack Capital, viewing it as additive to the current platform. He believes that combining this with the legacy business will better position Peapack Capital to compete with larger institutions in the space. The legacy business, led by Lisa Chalkan, Lori Moylan, Richard Johnston, and Lisa Fitzgerald, will continue to offer asset finance and equipment leasing solutions across various industries. Chalkan, as Executive Vice President and Chief Credit Officer, directs credit professionals and quality assurance teams, while Moylan manages the commercial underwriting team. Johnston oversees originations and asset finance transactions, and Fitzgerald handles portfolio service management and liaises with third-party servicers.

This expansion underscores Peapack Capital's commitment to enhancing its market presence and competitive edge in the equipment finance industry. For more information, visit https://www.peapackprivate.com.