Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust announced the hiring of Alex Lurye as Senior Managing Director for its New York-based commercial banking team. Lurye brings more than 23 years of commercial lending experience across New York, Westchester, and Long Island, a move that signals the bank's commitment to expanding its commercial banking footprint in the region.
Most recently, Lurye served as Senior Credit Officer of NYC Lending at Valley National Bank, where he oversaw multiple underwriting teams managing a portfolio of $4 billion in commitments and $2.7 billion in outstandings. His prior roles at Valley National Bank included Division Head of NY Commercial Banking, where he directed group performance in budgeting, production, and portfolio management, and Team Leader of NY Commercial Banking, leading a team of relationship managers focused on driving growth in loans, deposits, and fee income.
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. He earned a Bachelor of Arts degree in Business Management and Finance, with a minor in Philosophy, from Brooklyn College.
This hire is important for Peapack Private as it seeks to deepen its presence in the competitive New York commercial banking market. Lurye's extensive experience in credit oversight and commercial lending is expected to enhance the bank's ability to serve middle-market clients and grow its loan and deposit portfolios. The appointment comes at a time when Peapack-Gladstone Financial Corporation, the holding company, reported total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025.
Peapack Private Bank & Trust, founded in 1921, offers a client-centric approach to banking, providing customized wealth management, investment banking, and commercial and personal banking solutions. The bank's wealth management division delivers comprehensive financial, tax, fiduciary, and investment advice to individuals, families, privately held businesses, family offices, and not-for-profit organizations.
For more information about Peapack Private Bank & Trust, visit www.peapackprivate.com.
