Peapack Private Bank & Trust has strengthened its Commercial Real Estate (CRE) lending platform by hiring Kenneth A. Stagnari as a Senior Managing Director. Stagnari brings more than 25 years of industry experience, most recently serving as Senior Vice President and Group Director of CRE Lending at Signature Bank in New York.
During his tenure at Signature Bank, Stagnari managed an extensive portfolio of over 1,000 loans with balances exceeding $6 billion. His expertise spans multiple asset classes, including multifamily, retail, office, mixed-use, shelter housing, land development, and various financing structures.
Prior to Signature Bank, Stagnari worked at several prominent financial institutions, including People’s United Bank, where he successfully stabilized a $1.5 billion CRE loan portfolio during an acquisition. His professional background also includes roles at M&T Bank, Beacon Federal Bancorp, and North Fork Bank, where he developed comprehensive skills in underwriting, credit, and risk management.
Academically trained with a Bachelor of Technology in Public Safety: Criminal Investigations from the State University of New York at Canton and a Master of Public Administration from Long Island University, Stagnari is also an active member of the International Council of Shopping Centers (ICSC) and the Risk Management Association (RMA).
His appointment represents a strategic move for Peapack Private Bank & Trust, which aims to expand its CRE lending platform and reach into new markets. With total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024, the bank continues to demonstrate commitment to growth and client-focused banking solutions.
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