Peapack Private Bank & Trust has strengthened its Commercial Real Estate (CRE) team by hiring Nicholas LaMorte as a Senior Managing Director. LaMorte brings extensive experience in real estate finance, having previously served as Senior Vice President and Group Director at Signature Bank, where he developed a substantial commercial real estate portfolio totaling approximately $3.8 billion.
With more than two decades of professional experience in the New York Metropolitan area, LaMorte specializes in credit and depository services for top-tier real estate investors. His primary responsibilities at Peapack Private Bank include cultivating new market presence, increasing loan production, and developing the bank's commercial real estate portfolio.
LaMorte's expertise is expected to be instrumental in the bank's strategic expansion efforts. A graduate of Pace University's Lubin School of Business with a Bachelor of Administration in Finance, he represents a significant addition to the bank's growing team of commercial real estate professionals.
His hiring signals Peapack Private Bank's commitment to extending its market reach and enhancing its commercial real estate offerings. The bank, which holds total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024, continues to demonstrate a robust approach to growth and client-centric banking services.
