Peapack Private Appoints Carraturo as Senior Managing Director

Peapack-Gladstone Financial Corp. has appointed Leonard Carraturo as senior managing director and commercial private banker for Peapack Private Bank & Trust. Carraturo will focus on delivering customized lending, treasury management, and capital investment solutions to middle-market clients and family offices. This strategic hire strengthens the bank's commercial banking capabilities, particularly in specialized areas such as healthcare finance and sponsor-backed business lending.

Leonard Carraturo joins Peapack Private’s commercial banking team with more than 20 years of experience in the financial services industry. In his new capacity, he will deliver tailored lending solutions and partner with clients on growth initiatives, acquisitions, and long-term financial objectives. His expertise encompasses middle-market commercial and industrial lending, asset-based lending, and sponsor finance, which are critical components of the bank's service model for business owners and professional intermediaries.

Prior to this appointment, Carraturo served as vice president and commercial banking relationship manager at Metropolitan Commercial Bank in New York City. There, he was responsible for expanding relationships with private equity sponsor-backed businesses and healthcare service organizations, while also helping to establish the bank’s sponsor finance platform. His career history also includes a significant role at Webster Bank as a business development officer for asset-based lending, where he structured financial solutions for companies in the manufacturing and distribution sectors.

Dawn Kasulke, senior managing director and team leader at Peapack Private, noted that Carraturo’s deep knowledge of middle-market banking and his track record of exceeding business development goals make him a vital addition to the team. His professional background is further supported by previous roles at major institutions including Wells Fargo, JPMorgan Chase, Moody’s Investors Service, and Bear Stearns. This breadth of experience is expected to enhance Peapack Private’s ability to offer sophisticated financial products to its diverse client base.

As of March 31, Peapack-Gladstone Financial Corporation reported total assets of $7.7 billion and assets under management or administration of $13.1 billion. The bank, which was founded in 1921, continues to operate as a boutique private institution serving individuals, families, and business owners. By hiring seasoned professionals like Carraturo, the firm aims to bolster its competitive position in the New Jersey and New York markets through personalized relationship management and bespoke investment banking solutions.