Peapack Private Bank & Trust has strengthened its Commercial Real Estate (CRE) team by hiring Nicholas LaMorte as a Senior Managing Director. LaMorte brings more than two decades of real estate finance expertise to the role, with a proven track record of developing substantial commercial loan portfolios.
Prior to joining Peapack, LaMorte served as Senior Vice President and Group Director at Signature Bank, where he successfully sourced, negotiated, and underwrote loans across various property types. During his tenure, he organically developed a commercial real estate portfolio with aggregate loan balances approaching $3.8 billion.
LaMorte’s primary responsibilities will include cultivating the bank’s presence in new markets, increasing loan production, and expanding the Commercial Real Estate portfolio. A graduate of Pace University’s Lubin School of Business with a Bachelor of Administration in Finance, he brings extensive knowledge of credit and depository needs in the New York Metropolitan area.
This strategic hiring reflects Peapack-Gladstone Financial Corporation’s commitment to growth and client-focused banking services. With total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024, the bank continues to position itself as a comprehensive financial services provider.
This news story relied on a press release distributed by NewMediaWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Peapack Private Bank & Trust Expands Commercial Real Estate Team with Nicholas LaMorte.