Peapack-Gladstone Financial Corporation Strengthens New York Commercial Banking Team with Senior Hire

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have announced that Alex Lurye has joined the Bank's New York-based commercial banking team as Senior Managing Director. This strategic appointment brings significant commercial lending expertise to the organization, with Lurye possessing more than 23 years of experience in commercial lending across New York, Westchester, and Long Island markets. The addition of such an experienced professional signals Peapack Private's commitment to strengthening its commercial banking presence in the competitive New York financial landscape.

Lurye's most recent position was as Senior Credit Officer of NYC Lending at Valley National Bank, where he oversaw multiple underwriting teams managing a substantial portfolio of $4 billion in commitments and $2.7 billion in outstandings. This extensive experience in managing large-scale commercial lending operations positions him to make immediate contributions to Peapack Private's commercial banking division. His background in credit oversight and portfolio management aligns with the bank's focus on maintaining high-quality lending standards while pursuing growth opportunities in the New York market.

Prior to his role as Senior Credit Officer, Lurye held key leadership positions at Valley National Bank, including Division Head of NY Commercial Banking, where he directed group performance in budgeting, production, and portfolio management. He also served as Team Leader of NY Commercial Banking, leading a team of relationship managers focused on driving growth in loans, deposits, and fee income. These leadership roles demonstrate his ability to manage teams effectively while delivering measurable business results in competitive banking environments.

Earlier in his career, Lurye developed his credit and relationship banking skills through significant roles at Santander Bank and Wells Fargo, both based in New York. This diverse experience across multiple financial institutions provides him with a broad perspective on commercial banking practices and client relationship management. His educational background includes a Bachelor of Arts degree in Business Management and Finance, with a minor in Philosophy, from Brooklyn College in Brooklyn, NY, combining technical financial knowledge with critical thinking skills.

The appointment comes as Peapack-Gladstone Financial Corporation continues to build its commercial banking capabilities. As a New Jersey bank holding company with total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025, the organization maintains a strong financial position to support its growth initiatives. Founded in 1921, Peapack Private Bank & Trust operates as a commercial bank with a client-centric approach, offering high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. Additional information about the bank's services can be found at https://www.peapackprivate.com.

This strategic hire represents Peapack Private's ongoing investment in talent acquisition to enhance its commercial banking services and expand its market presence. By bringing in experienced professionals like Lurye, the bank aims to strengthen its competitive position in the New York commercial banking sector while maintaining its commitment to personalized client service and relationship banking. The move underscores the importance of experienced leadership in navigating complex commercial lending environments and driving sustainable growth in competitive financial markets.