Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust announced the appointment of Leonard Carraturo as Senior Managing Director, Commercial Private Banker.

Carraturo joins Peapack Private’s commercial banking team, where he will provide customized lending and banking solutions. In the role, he will work with clients on growth initiatives, acquisitions, capital investments, treasury management needs, and long-term financial objectives through the bank’s relationship-driven approach. The hire reflects Peapack-Gladstone’s continued buildout of its commercial banking capabilities as the Bedminster, New Jersey–based bank holding company seeks to deepen its presence in the middle-market lending segment.

Carraturo has more than 20 years of experience in commercial banking and financial services. His areas of expertise include middle-market commercial and industrial (C&I) lending, sponsor finance, healthcare finance, asset-based lending, treasury management, and client relationship management.

“Leonard’s extensive commercial banking experience, strong market presence, and proven track record of developing long-term client relationships make him an outstanding addition to our team,” said Dawn Kasulke, Senior Managing Director, Team Leader. “His deep knowledge across middle market banking, sponsor finance, and healthcare lending further strengthens our ability to deliver sophisticated financial solutions to our clients and communities.”

Before joining Peapack Private, Carraturo served as Vice President and Commercial Banking Relationship Manager at Metropolitan Commercial Bank in New York City. In that position, he managed and expanded relationships with middle-market companies, private equity sponsor-backed businesses, family offices, healthcare service organizations, and professional intermediaries.

During his tenure at Metropolitan Commercial Bank, Carraturo consistently exceeded business development goals, helped establish the bank’s sponsor finance platform, and originated and executed a broad range of financing solutions. Those included acquisition financing, leveraged cash flow, working capital, commercial real estate, and revolving credit facilities.

Carraturo previously was Vice President, Business Development Officer for Asset-Based Lending at Webster Bank. There, he developed strategic relationships with private equity sponsors, family offices, and investment banking professionals while originating and structuring financial solutions for middle-market companies.

His work at Webster Bank supported portfolio growth and new client acquisition across the healthcare, manufacturing, distribution, and business services sectors.

Earlier in his career, Carraturo held commercial banking and credit-related roles at Wells Fargo, Community Mutual Savings Bank, JPMorgan Chase, Moody’s Investors Service, and Bear Stearns. Those positions helped build his background in credit analysis, underwriting, commercial lending, and relationship management. For regional and private banks like Peapack-Gladstone, recruiting seasoned commercial bankers with established client portfolios is a common strategy for expanding loan books and capturing greater share of fee-based banking services in competitive Northeast markets.