Peapack Private, a division of Peapack-Gladstone Bank, hired Andrew F. Corrado as president of the commercial bank in New York City while adding more than 10 teams of commercial and private bankers.

Corrado, fresh off his long tenure with Signature Bank and its successor, Flagstar Bank, will lead the bank’s expansion in New York City and oversee its presence in Manhattan, leveraging the combined experience of more than 50 bankers.

“We are continuing to move aggressively into New York City due to the market disruption that occurred last spring,” Doug Kennedy, president and CEO of Peapack-Gladstone Bank, said. “Our expansion last summer has been well-received. The additional investment we are making today by hiring Andrew and multiple teams of commercial and private bankers capitalizes on the momentum we’ve achieved to date.”

Corrado has experience building relationships and his private banking teams manage several billion dollars in deposits and loans, covering Manhattan and the surrounding areas.

“We were attracted to the single-point-of-contact model that Peapack Private offers, along with the added value of its wealth management solutions,” Corrado said. “This is a win for my service teams, our clients and [New York]. It just could not get any better.”

Corrado has more than 35 years of experience, previously serving as executive vice president and head of commercial and private banking in the Northeast and senior vice president and group director at Flagstar Bank, formerly Signature Bank, in New York.  Prior to that, as senior vice president and head of professional services and private banking at Capital One Bank in New York, he developed and executed vision and strategy for commercial bank clients and was responsible for sales and service nationally, managing four regional team leaders. Corrado also held additional roles at Capital One Bank, including market president for the Long Island region; senior vice president and market manager for commercial private banking; and divisional senior vice president and regional branch administrator at North Fork Bank, formerly Capital One.  Corrado held additional notable roles at GreenPoint Savings Bank, JPMorgan Chase and European American Bank.