Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have announced the appointment of Elizabeth Martone as Senior Managing Director, Group Director. Martone will operate from the Bank's Park Avenue Office in New York City as part of James Handal's leadership team, signaling a strategic move to bolster the bank's presence and capabilities in a key financial market.
Martone brings 25 years of financial services experience to the role, with a proven track record in building high-value client relationships, driving business development, and enhancing operational efficiency. Her appointment is significant for Peapack Private, which reported total assets of $7.4 billion and assets under management and/or administration of $12.9 billion as of September 30, 2025. The bank, founded in 1921, emphasizes a client-centric approach with customized wealth management, investment banking, and commercial banking solutions.
Most recently, Martone served as Senior Vice President, Commercial Private Banking at BankUnited in Melville, NY, where she led a team focused on enhancing client experience and cultivating new business opportunities among high-net-worth individuals, companies, and referral networks. Prior to that, she was Managing Director at The Montauk Group, collaborating on global banking relationship management strategies to strengthen client relationships and optimize performance. Her earlier roles include Vice President positions at Herald National Bank, Capital One, and North Fork Bank, specializing in cash management and private banking.
This leadership addition underscores Peapack Private's commitment to expanding its wealth management division, which provides comprehensive financial, tax, fiduciary, and investment advice to individuals, families, privately held businesses, family offices, and not-for-profit organizations. For more information on the bank's services, visit https://www.peapackprivate.com. The original announcement can be viewed on https://www.newmediawire.com.
Martone's appointment is poised to impact the competitive landscape of private banking in New York, leveraging her expertise to drive growth and enhance service delivery. For business and technology leaders, this move highlights the ongoing importance of seasoned executive talent in navigating complex financial markets and meeting the evolving needs of high-net-worth clients. It reflects broader industry trends where banks are strengthening leadership teams to foster innovation and client retention in an increasingly digital and personalized banking environment.
