Peapack-Gladstone Financial appointed Patrick Scatuorchio senior vice president of business development at Peapack Capital, the equipment finance subsidiary of Peapack-Gladstone Bank.

Working out of the organization’s Red Bank, NJ, location, Scatuorchio joined Peapack Capital with more than 40 years of equipment finance industry experience. He most recently served as vice president and territory manager at Wells Fargo Equipment Finance, where he spent the last 12 years originating equipment finance transactions across New Jersey, Long Island, Eastern Pennsylvania and Delaware.

Prior to Wells Fargo, as vice president at Tygris Equipment Finance, Scatuorchio was instrumental in establishing the Northeast region for the then newly-formed equipment finance subsidiary of Aquiline Partners’ hedge fund.

Scatuorchio has additional equipment finance and leasing experience from serving as vice president of healthcare finance at CIT Equipment Finance, district manager at GE Capital and vice president of intermediate funding at Finova Capital (formerly Bell Atlantic Tricon).