Peapack-Gladstone continues to build strong team of commercial bankers; hires new senior managing director

Former Valley Bank exec James Foti joins team created to build firm's presence 

Peapack-Gladstone Financial Corp. and Peapack Private, a division of Peapack-Gladstone Bank, on Thursday said James Foti has joined a team of commercial bankers that have recently been hired by Peapack Private to build the company’s presence with its core competencies across commercial banking, investment banking and wealth management.

Foti, a senior managing director, commercial private banker, will expand the bank’s footprint with a focus on serving private equity funds, family offices and closely held middle-market businesses.

With 15 years of financial services experience, Foti previously served as first vice president, corporate banking, at Valley National Bank (formerly Bank Leumi USA) in New York, where he was responsible for securing new banking relationships with companies that have in excess of $150 million in revenues.

Prior to that, Foti served as vice president, relationship manager, covering the Southeast Middle Market at Bank Leumi USA in Miami.