Curated News
By: NewsRamp Editorial Staff
September 12, 2025
Peapack Capital Expands with New Team to Boost Equipment Finance Growth
TLDR
- Peapack Capital gains a competitive edge by adding experienced specialists from Flagstar Financial to expand its equipment finance capabilities and challenge larger institutions.
- Peapack Capital's strategic growth involves adding specialists to develop intermediary programs, manage risk, and diversify its portfolio through both direct and capital markets business lines.
- Peapack Capital's expansion empowers businesses with better equipment financing solutions, fostering economic growth and supporting diverse industries through improved access to capital.
- Peapack Capital adds a seasoned team including Anthony Perettine who grew Flagstar's business to over $2 billion in assets, enhancing their equipment finance expertise.
Impact - Why it Matters
This expansion matters because equipment financing is crucial for businesses seeking to acquire essential assets without large upfront costs, enabling growth and operational efficiency. For readers, it signals increased competition and potentially better terms in the equipment leasing market, benefiting companies across sectors like transportation, construction, and manufacturing. It also reflects broader trends in financial services where specialized teams drive innovation and accessibility, ultimately supporting economic development and job creation by empowering businesses to invest in critical equipment.
Summary
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and its subsidiary Peapack Private Bank & Trust have announced significant strategic expansion of their equipment finance division, Peapack Capital, through the addition of a new team of seasoned industry specialists. The move is designed to enhance the subsidiary's capabilities in asset finance and equipment leasing solutions, particularly for mid- to large-scale transactions that support business growth. This development was reported by NEWMEDIAWIRE, highlighting the company's commitment to aggressive growth and market competitiveness.
The new leadership team is headed by Anthony Perettine, Senior Managing Director and President, who brings extensive experience from previous roles at Flagstar Financial, Capital One, and Signature Bank, where he successfully launched and led equipment finance platforms. Joining him is Bruce J. Winter, Senior Managing Director and Chief Operating Officer, a veteran with deep industry connections including executive roles at the Equipment Leasing and Finance Association. The team also includes Leslie Roberts, Lori Gresko, Kevin Kitson, and Nicholas L. Cremonese, Jr., all bringing decades of combined expertise in client relationships, underwriting, risk management, and portfolio performance from their tenure at Flagstar Financial.
This expansion aims to broaden Peapack Capital's intermediary equipment finance and leasing program, complementing its existing legacy business led by Lisa Chalkan, Lori Moylan, Richard Johnston, and Lisa Fitzgerald. The combined efforts are expected to position Peapack Capital more competitively against larger institutions, driving portfolio and revenue growth while maintaining high asset quality. For more details, visit www.peapackprivate.com or view the original release on www.newmediawire.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Peapack Capital Expands with New Team to Boost Equipment Finance Growth
