Peapack Private Bank & Trust Hires Seasoned Banking Executive Peter Clemente
TL;DR
Peter Clemente's extensive banking experience gives Peapack Private Bank & Trust a competitive edge in managing high-profile clients and organizations.
Peter Clemente, Senior Managing Director, brings expertise in commercial and retail banking to drive revenue growth and implement sales strategies for the Bank's Commercial Banking division.
Peter Clemente's appointment at Peapack Private Bank & Trust enhances client service and wealth management, aiming to provide innovative solutions and expand legacies.
Peter Clemente's career journey from various reputable banks to his current role showcases a wealth of experience and expertise in the banking industry.
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Peapack Private Bank & Trust has recruited Peter Clemente as a Senior Managing Director and Group Director for its Commercial Banking division, positioning the bank to leverage his substantial banking experience across multiple financial institutions.
Clemente arrives with an impressive background spanning several prominent banks, including Flagstar Bank, IDB Bank, Flushing Bank, Capital One Bank, and HSBC Bank USA. His most recent role at Flagstar Bank involved driving revenue growth through comprehensive sales strategies for high-profile clients and organizations.
With a proven track record in developing market segments, Clemente previously established and developed the Long Island middle market segment at IDB Bank. His career trajectory demonstrates expertise in sales, client satisfaction, employee engagement, compliance, and brand awareness.
Academically, Clemente brings strong credentials, holding a Bachelor of Science in Accounting from St. John's University and an MBA in Finance from Fordham University. He was also selected as a member of Beta Gamma Sigma, a national business honor society.
Clemente's appointment comes as Peapack-Gladstone Financial Corporation continues to expand, with total assets of $7.1 billion and assets under management of $11.8 billion as of March 31, 2025. His addition to the team suggests the bank's strategic intent to strengthen its commercial banking capabilities and market presence.
Curated from NewMediaWire
