Peapack Private Bank & Trust has appointed Michael Madonia as Senior Managing Director of its Commercial and Industrial Lending Division, marking a significant strategic hire for the New Jersey-based financial institution. Madonia brings a robust 22-year banking career focused on relationship management and business development.
Based in the bank's New York City Park Avenue office, Madonia will be responsible for growing the bank's commercial loan and deposit portfolio in the New York metropolitan region. His extensive background includes senior leadership roles at prominent financial institutions, most recently serving as Senior Vice President Director at Amalgamated Bank, where he developed the business banking segment.
Prior to his role at Amalgamated, Madonia led business banking teams at M&T Bank, managing operations across Westchester and Fairfield counties. His professional credentials are complemented by an MBA in Financial Management from Pace University's Lubin School of Business and a Bachelor of Science from SUNY Geneseo.
Beyond his professional achievements, Madonia demonstrates commitment to community engagement through his board service with ArtsWestchester, where he holds the position of Executive Vice President. This community involvement aligns with Peapack Private Bank & Trust's client-centric approach and commitment to local economic development.
The recruitment of Madonia represents a strategic move for Peapack Private Bank & Trust, which has total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024. By bringing in an experienced commercial lending professional, the bank aims to strengthen its market position and expand its business banking capabilities in the competitive New York metropolitan financial landscape.
