Peapack Capital Expands Equipment Finance Capabilities with New Leadership Team
TL;DR
Peapack Capital gains a competitive edge by adding experienced specialists from Flagstar Financial to expand its equipment finance capabilities and challenge larger institutions.
Peapack Capital's strategic growth involves adding specialists to develop intermediary programs, manage risk, and diversify its portfolio through both direct and capital markets business lines.
Peapack Capital's expansion empowers businesses with better equipment financing solutions, fostering economic growth and supporting diverse industries through improved access to capital.
Peapack Capital adds a seasoned team including Anthony Perettine who grew Flagstar's business to over $2 billion in assets, enhancing their equipment finance expertise.
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Peapack Private Bank & Trust has announced strategic growth within its equipment finance and leasing subsidiary, Peapack Capital, through the addition of a new team of seasoned specialists. The expansion aims to enhance the subsidiary's capabilities in providing asset finance and equipment leasing solutions, particularly for mid- to large-scale transactions that support business growth.
Anthony Perettine has been appointed as Senior Managing Director and President of Peapack Capital, leading efforts to build and diversify the portfolio of equipment lease and loan receivables. Perettine, who previously served as Executive Vice President and Division Head at Flagstar Financial, where he grew the business to over $2 billion in assets, will focus on expanding products and markets, building client relationships, and driving portfolio and revenue growth with an emphasis on profitability.
Bruce J. Winter joins as Senior Managing Director and Chief Operating Officer, responsible for strategic leadership, client onboarding, risk management, regulatory compliance, and performance metrics. Winter, founder of FSG Capital and an executive board member of the Equipment Leasing and Finance Association, brings extensive industry experience to the role. The team is further strengthened by Leslie Roberts, Lori Gresko, Kevin Kitson, and Nicholas L. Cremonese, Jr., all transitioning from Flagstar Financial to support the subsidiary's expansion.
Roberts will oversee intermediary relationships and portfolio performance as Senior Managing Director and Senior Client Relationship Manager, leveraging over 20 years of expertise in deal negotiation and account management. Gresko, as Senior Vice President and Senior Underwriter, leads the underwriting department, developing credit policies and managing risk criteria. Kitson supports underwriting and risk management with a focus on transportation, construction, and manufacturing sectors, while Cremonese manages intermediary client relationships and new business development.
The new team will work alongside the legacy business leaders, including Lisa Chalkan, Lori Moylan, Richard Johnston, and Lisa Fitzgerald, who continue to provide asset finance and equipment leasing solutions across various industries. This combined effort aims to position Peapack Capital more competitively against larger institutions by broadening its intermediary equipment finance and leasing program. For more information, visit https://www.peapackprivate.com.
The expansion reflects Peapack Capital's commitment to aggressive growth since its founding in 2017, enhancing its ability to serve businesses with tailored financing solutions. This move could increase accessibility to capital for companies seeking equipment investments, potentially stimulating economic activity in sectors reliant on such financing. The strengthened team may also influence industry standards in risk management and client service, benefiting both intermediaries and end-users in the equipment finance market.
Curated from NewMediaWire
