NJBankers recently recognized Matthew Remo of Peapack-Gladstone Bank as a “Rising Star” of the New Jersey banking industry at its virtual awards ceremony held on Nov. 5.

Remo played a vital role in the execution of the Peapack-Gladstone Bank’s Small Business Administration Paycheck Protection Program process, which resulted in the funding of approximately 2,300 loans for businesses in the bank’s community, saving more than 50,000 jobs. Remo continues to lead the SBA PPP forgiveness initiative, and his knowledge of regulatory and financial subjects makes him an instrumental part of the bank’s leadership team.

Additionally, the bank elevated Remo to the position of director of strategy and development. In his new role, Remo is responsible for the development and formalization of the company’s business strategy and identification of strategic objectives, priorities and initiatives, along with the development of data analytics/management information systems to measure and report progress. Remo also ensures capital and liquidity management, regulatory compliance, and credit and enterprise risk management objectives are aligned and synchronized with the bank’s defined business strategies. In addition, he continues to lead new product governance and serve on many of the company’s committees.

Remo joined Peapack-Gladstone Bank in 2019 as vice president and senior enterprise risk officer. During his tenure at the bank, Remo has worked across a range of risk management activities, including capital and strategic planning, credit portfolio reviews, regulatory compliance, digital initiatives and new product governance. He also has worked with the bank’s equipment finance team.

Remo joined Peapack-Gladstone Bank after a 10-year run with the Federal Reserve Bank of New York (FRBNY). As a senior examiner of large banking organizations, he specialized in capital and strategic planning, wealth management, asset-liability management and stress testing. As supervisory manager of regional and community banks at the FRBNY, he managed exam teams and led technology design and implementation efforts across the second district of the Federal Reserve Bank as a commissioned safety and soundness examiner.

The NJBankers Rising Star Award is granted to bankers under the age of 40 to recognize their achievements in the Garden State banking industry.