BEDMINSTER, NJ--(Marketwired - Sep 7, 2016) - Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack-Gladstone Bank announce the appointment of Stuart Vorcheimer to the position of Senior Managing Director, Market President. Operating out of the Bank's Teaneck location, Stuart will be responsible for directing a team of private bankers helping to build the Bank's wealth, lending and deposit business while servicing commercial businesses in the Northern New Jersey area.
Mr. Vorcheimer has worked in the financial services industry for 27 years with a focus on middle market companies ensuring long-term achievement of their financial goals. Most recently, as Senior Vice President, Senior Relationship Manager, Middle Market and Commercial Banking at Capital One Bank, he led a successful effort to grow business revenues through commercial banking relationship and portfolio management, cross sell strategies and new client acquisition. Additionally, he was responsible for the Contractor Lending Specialty Team, which led to relationship success in the New Jersey marketplace. Previously, as Senior Vice President, Senior Relationship Manager at Bank of America, Stuart was instrumental in the growth, profitability and cross sell of all bank products achieving the Bank's Pinnacle Award for five consecutive years.
Mr. Vorcheimer holds a Bachelor of Science Degree in Business Administration from the University of Hartford. A resident of Wayne, New Jersey, Stuart is Chairman of the Board of the Metropolitan YMCAs, the largest YMCA association in New Jersey. Additionally, Stuart serves as co-chair of the Metropolitan YMCA's annual Kids Care golf tournament and serves on the executive, investment, executive compensation committees and the YMCA merger task force.
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $3.60 billion as of June 30, 2016. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative private banking services to businesses, real estate professionals, non-profits and consumers, which help them to establish, maintain and expand their legacy. Through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, its private wealth management, commercial private banking, retail private banking and residential lending divisions, along with its online platforms, Peapack-Gladstone Bank offers an unparalleled commitment to client service.