Peapack-Gladstone Bank on Tuesday introduced new members to the bank’s SBA Lending Division, responsible for the company’s further growth and expansion of SBA business, with a focus on providing new and existing business clients exceptional, personalized service.
The goal of the U.S. Small Business Administration has been to support the nation’s overall economy and help individuals, start, build and grow their businesses. Based out of Peapack-Gladstone Bank’s Princeton location, the SBA Lending Division provides qualifying small business owners with custom-tailored assistance, supporting their financial needs and helping their businesses to prosper and succeed.
Sanjay Patel joins Peapack-Gladstone Bank’s SBA team as a managing director, SBA banker.
Previously, as first senior vice president at Noah Bank, he was responsible for the origination and processing of commercial, SBA 7(a) and 504 loans. Patel has a proven track record in SBA lending, also serving as director of sales, Creative Funding Inc.; vice president and New Jersey office manager, Poppy Bank; senior relationship manager and vice president, Dime Community Bank; senior vice president, SBA lending, at Freedom Small Business Lending; president, Indo American Community Division, Noah Bank; senior vice president, Unity Bank; and as vice president, partner at Creative Capital Group in Edison.
With over 18 years in the financial services industry, Bhavesh Sheth joins the team as managing director, SBA banker. With a concentrated focus on SBA lending, Sheth has a proven track record of increasing sales, market share and growth in profits in a competitive financial arena. Most recently, Sheth served as senior vice president, Noah Bank, and as an independent consultant for Creative Funding Inc., where combined he originated over $30 million in SBA 7(a) loans. Prior to that, he served as vice president, SBA lending, at Poppy Bank; assistant vice president, SBA lending, Dime Community Bank; vice president, commercial lending, Freedom Small Business, BIDCO Inc.; first vice president, commercial lending, Noah Bank; commercial lender, SBA business development executive, Unity Bank, Clinton; senior loan officer, Motel Broker Associates Inc.; and project leader, Crown Futures Corp.
Parth Thakor, a graduate of Rutgers University with a bachelor’s degree in economics, joins Peapack-Gladstone Bank as assistant vice president, SBA underwriter. Parth will support the SBA team through his extensive background in underwriting and credit analysis. Formerly serving as credit analyst, Noah Bank, his expertise was invaluable through the evaluation and analysis of prospective lender applications. Prior to that, he served as SBA loan packager at Creative Funding Inc.; loan assistant at Poppy Bank; and SBA loan packager at Freedom Small Business Lending, BIDCO Inc.
Peapack-Gladstone also announced the appointment of Karen Rosner as vice president, assistant brand and marketing director.
Rosner is primarily responsible for the development and promotion of the Peapack-Gladstone Bank and Peapack Private Wealth Management family brands, ensuring that the integrity of message and brand elements are carried across the organization, through all advertising and communications to employees, clients and the communities the bank and its divisions and subsidiaries serve.
She is also responsible for the overall monitoring and management of the bank’s advertising and marketing programs, social media, website design strategies and maintenance, and development of short and long-terms goals and objectives for future growth.