Peapack Capital Appoints Smith President, Johnston National Director of Sales

Peapack-Gladstone Bank enhanced its equipment finance and leasing subsidiary, Peapack Capital, by naming Dennis Smith president of the division and appointing Richard Johnston national director of sales. Together, Smith and Johnston now lead a team of 16, operating out of Bedminster, NJ, and Northborough, MS.

Smith joined Peapack Capital in 2017 as senior vice president and chief operating officer of Peapack Capital. He has more than 25 years of experience in the equipment finance industry. As president, Smith will focus on elevating divisional operations and capabilities.

Prior to joining Peapack Capital, Smith managed front and mid-office operational functions, including pricing, structuring, buy/sell syndication, proposal creation, profitability analysis, incentive compensation, closing functions, change management and Infolease system upgrade projects for Sovereign Bank/Santander Bank as senior vice president and managing director.

Johnston has more than 30 years of leasing and structured finance expertise in the origination of middle-market and large-ticket asset finance transactions in the primary and secondary syndication markets and on a direct basis. He joined Peapack Capital in 2017 as senior vice president of capital markets and was responsible for indirect originations of leasing and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries in addition to all out-bound syndications.

As Peapack Capital’s national director of sales, Johnston will lead the sales team in both direct and indirect sales, helping to expand and grow the subsidiary for Peapack-Gladstone. Prior to joining Peapack Capital, he also served in capital market roles at Sumitomo Mitsui Finance & Leasing, Citizens Asset Finance, AIG Commercial Asset Finance and Siemens Financial Services.

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