Peapack-Gladstone Financial and Peapack-Gladstone Bank appointed Rich Johnston president of Peapack Capital, a subsidiary of the bank that focuses on equipment finance and leasing.

Johnston is now responsible for overseeing all originations and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries, in addition to out-bound syndications.  Since joining Peapack Capital in 2017, he has played a significant role in the growth of this important business segment.

Johnston, who joined Peapack Capital in 2017, 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.

Prior to Peapack Capital, Johnston served in capital markets roles at Sumitomo-Mitsui Finance and Leasing, Citizens Asset Finance, AIG Commercial Asset Finance and Siemens Financial Services.