New Jersey-based Peapack-Gladstone Financial, Peapack-Gladstone Bank and Peapack Private officially filed an application to open a location in New York City. Peapack Private is actively recruiting from the Tri-State area and beginning to build a presence in Manhattan, NY.

“With the recent changes to the New York City banking landscape, we believe our brand of private banking will be well received by the market,” Doug Kennedy, president and CEO of Peapack-Gladstone, said. “We have the right client-centric culture to take advantage of the current opportunity in the marketplace. Over the past several weeks, we have recruited a team of highly skilled, like-minded professionals to lead our efforts.”

Jeanne Scungio joined the team to lead the expansion as the president for Peapack Private’s New York location. Scungio joined Peapack Private from First Republic Bank, where she was a team leader and senior managing director for the bank’s New York City presence since 2004. Scungio’s experience includes similar senior level private banking roles at U.S. Trust Company, Citibank and Chase Manhattan Bank.

“I am happy to join an organization that is committed to providing an elevated experience for its clients,” Scungio said. “As a well-known New Jersey-based boutique financial institution, I expect the expansion for Peapack Private into [New York] will be well received.  The team of private banking professionals we are assembling to compete in this market will be formidable and will make an impact.”