Peapack-Gladstone Financial promoted Gregory M. Smith to president of commercial banking and Stuart Vorcheimer to market president and head of commercial and industrial lending.
In his new role, Smith will lead commercial banking across the organization, including C&I, commercial real estate and multifamily lending, equipment finance, investment banking and corporate advisory, the bank’s platinum service team and professional services group, residential lending, the small business administration team, and treasury management and escrow services.
Smith joined Peapack-Gladstone Bank from Capital One Bank, where he served as the group sales executive for the Northeast and Mid-Atlantic regions for seven years. He served at Capital One for more than 15 years, holding several senior-level strategic, sales and team leadership roles. Prior to Capital One Bank, he worked at Summit Bank for 15 years, serving as senior regional vice president. In that role, he was responsible for directing a significant segment of the New Jersey market.
As market president and head of C&I lending, Vorcheimer will be responsible for leading the bank’s team of commercial private bankers who are focused on providing client service in the bank’s C&I lending business. He also will provide wealth and deposit solutions for commercial businesses in northern New Jersey and the Tri-State area.
Stuart has 27 years of experience in the financial services industry, with a focus on middle market companies. Prior to Peapack-Gladstone Bank, he served as senior vice president and senior relationship manager of middle market and commercial banking at Capital One Bank. Additionally, he was responsible for the contractor lending specialty team. He also previously served as senior vice president of Bank of America, achieving the bank’s Pinnacle Award for five consecutive years.
“Both Greg and Stuart are proven, highly skilled leaders with exceptional performance, management and strategy expertise in building and managing cross-functional teams, with an approach to banking focused on teamwork, dedication and commitment,” Doug Kennedy, president and CEO at Peapack-Gladstone Bank, said.
By the end of 2019, there were 279.6 million vehicles operating on roads nationwide. Of these, government agencies operated nearly 1.2 million vehicles, as reported in the most recent Bureau of Transportation Statistics Report . The U.S. federal government operates... read more
Throughout the past five years, several organizations have published multiple studies attempting to quantify the impact of various levels of corporate diversity on increased shareholder value, customer satisfaction and employee engagement, otherwise known as the “Big Three.” “Why Diversity Matters,”... read more