BEDMINSTER, NJ - March 19, 2025 (NEWMEDIAWIRE) - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the addition of Nicholas LaMorte to the Commercial Real Estate (CRE) team as a Senior Managing Director. Nicholas, along with a growing team of CRE bankers, is responsible for cultivating the Bank's presence in new markets, increasing loan production and developing the Bank's CRE portfolio.

LaMorte is a seasoned real estate finance professional with more than 20 years of experience. He has lent to top-tier real estate investors throughout the New York Metropolitan area, specializing in credit and depository needs. Most recently, LaMorte served as Senior Vice President and Group Director at Signature Bank, where over the span of his time there, he sourced, negotiated, and underwrote loans for various property types, organically developing a large commercial real estate portfolio with total aggregate loan balances of approximately $3.8 billion.

LaMorte's extensive experience and proven history make him a valuable addition to the Bank as it continues to expand its CRE portfolio. LaMorte is a Pace University at NYC Campus Lubin School of Business graduate with a Bachelor of Administration in Finance.

About the Company

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.0 billion and assets under management and/or administration of $11.9 billion as of December 31, 2024. Founded in 1921, Peapack Private Bank & Trust is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. 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 to establish, maintain and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.

Contact: Denise Pace-Sanders, Peapack Private Bank & Trust, SVP Managing Principal, Brand and Marketing Director, 500 Hills Drive, Suite 300, Bedminster, NJ 07921, dpace@peapackprivate.com, (908) 470-3322