Curated News
By: NewsRamp Editorial Staff
March 19, 2025
Peapack-Gladstone Financial Corporation Welcomes Nicholas LaMorte as Senior Managing Director of Commercial Real Estate Team
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- Nicholas LaMorte joins Peapack-Gladstone Financial Corporation as Senior Managing Director, enhancing CRE team and expanding the Bank's portfolio.
- LaMorte, a seasoned real estate finance professional, brings 20+ years of experience, specializing in credit and depository needs, driving loan production and portfolio growth.
- LaMorte's addition to the Bank's CRE team fosters expansion into new markets, increasing loan opportunities and developing innovative banking solutions for clients.
- Nicholas LaMorte, with a Bachelor of Administration in Finance from Pace University, adds significant value to Peapack-Gladstone Financial Corporation's dynamic growth strategy.
Impact - Why it Matters
This news highlights the strategic move by Peapack-Gladstone Financial Corporation to strengthen its Commercial Real Estate division with the addition of a seasoned professional. LaMorte's extensive experience is expected to drive the bank's growth in new markets and enhance its CRE portfolio, ultimately benefiting clients seeking tailored banking and wealth management solutions.
Summary
Nicholas LaMorte joins Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust as Senior Managing Director of the Commercial Real Estate team, aiming to expand the bank's presence in new markets and grow the CRE portfolio.
With over 20 years of experience in real estate finance, LaMorte's background includes managing a substantial commercial real estate portfolio at Signature Bank, totaling approximately $3.8 billion.
Peapack Private Bank & Trust, known for its client-centric approach to banking, offers a range of financial services including wealth management, investment banking, and personalized banking solutions.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Peapack-Gladstone Financial Corporation Welcomes Nicholas LaMorte as Senior Managing Director of Commercial Real Estate Team
