Peapack-Gladstone Financial Corp announces plans to expand into New York City

Peapack-Gladstone Bank of Bedminster has announced expansion plans as it has officially filed an application to open a location in New York City.

Peapack Private said it is actively recruiting from the Tri-State area and beginning to build a presence in Manhattan.

“With the recent changes to the New York City banking landscape, we believe our brand of private banking will be well received by the market,” Doug Kennedy, president and chief executive officer said. He continued, “We have the right client-centric culture to take advantage of the current opportunity in the marketplace. Over the past several weeks we have recruited a team of highly skilled, like-minded professionals to lead our efforts.”

Jeanne Scungio has joined the team to lead the expansion as the president for Peapack Private’s New York location. Scungio most recently oversaw First Republic Bank’s New York City operations for almost two decades. Scungio’s experience includes similar senior level private banking roles at U.S. Trust Company, Citibank, N.A. and Chase Manhattan Bank, N.A.