Peapack Private Strengthens New York Commercial Banking Team with Veteran Hire Alex Lurye

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have announced the addition of Alex Lurye to their New York-based commercial banking team as Senior Managing Director. This strategic hire brings significant commercial lending expertise to the bank's operations across New York, Westchester, and Long Island markets. Lurye's appointment represents Peapack Private's continued commitment to strengthening its commercial banking presence in competitive financial markets.

With more than 23 years of experience in commercial lending, Lurye brings substantial leadership capabilities and industry knowledge to his new role. His most recent position was Senior Credit Officer of NYC Lending at Valley National Bank, where he managed multiple underwriting teams overseeing a substantial portfolio of $4 billion in commitments and $2.7 billion in outstandings. This extensive experience in portfolio management and credit oversight positions him to make immediate contributions to Peapack Private's commercial banking operations.

Lurye's career includes several key leadership positions at Valley National Bank, where he served as Division Head of NY Commercial Banking, directing group performance in budgeting, production, and portfolio management. He also held the role of Team Leader of NY Commercial Banking, leading relationship managers focused on driving growth across loans, deposits, and fee income. Earlier in his career, he developed his credit and relationship banking expertise through significant roles at Santander Bank and Wells Fargo, both based in New York.

The addition of Lurye to Peapack Private's team comes as the bank continues to expand its commercial banking services. Peapack-Gladstone Financial Corporation, the parent company, reported total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025. Founded in 1921, Peapack Private Bank & Trust operates as a commercial bank with a client-centric approach, offering high-quality products alongside customized wealth management, investment banking, and commercial banking solutions. More information about the bank's services can be found at https://www.peapackprivate.com.

This hiring decision reflects the competitive nature of the New York commercial banking landscape and Peapack Private's strategy to attract top talent with proven track records in portfolio management and business development. Lurye's educational background includes a Bachelor of Arts degree in Business Management and Finance with a minor in Philosophy from Brooklyn College in Brooklyn, NY, providing him with both technical financial knowledge and critical thinking skills valuable in complex banking environments.

The impact of this appointment extends beyond immediate team strengthening, potentially influencing Peapack Private's market position in the competitive New York banking sector. With Lurye's extensive experience in managing large commercial portfolios and leading banking teams, the bank may enhance its ability to serve commercial clients more effectively while expanding its market share in key New York regions. This move demonstrates how established financial institutions continue to invest in experienced leadership to navigate evolving market conditions and client needs in the commercial banking sector.