Rich Johnston has been named president of Peapack Capital, a subsidiary of Peapack-Gladstone Bank that focuses on equipment finance and leasing. Johnston is now responsible for overseeing all originations and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries, in addition to outbound syndications.
Since joining Peapack Capital in 2017, he has played a significant role in the growth of this important business segment.
Johnston has over 30 years of leasing and structured finance expertise in the origination of middle-market and large-ticket asset finance transactions in the primary and secondary syndication markets and on a direct basis. He has a consistent track record as a top performer at all levels of his career in equipment finance. Johnston’s knowledge and experience in the marketplace gives Peapack Capital a tremendous advantage.
Prior to Peapack Capital, Johnston served in capital markets roles at Sumitomo-Mitsui Finance and Leasing Co. Ltd., Citizens Asset Finance, AIG Commercial Asset Finance and Siemens Financial Services Inc.