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Peapack-Gladstone Promotes Smith to President of Commercial Banking

January 22, 2021, 08:12 AM

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced the elevation of Gregory M. Smith to President of Commercial Banking and Stuart Vorcheimer to Market President and Head of Commercial and Industrial (C&I) Lending at Peapack-Gladstone Bank.

In his new role, Smith will lead commercial banking across the organization, including C&I, commercial real estate and multifamily lending, equipment finance, investment banking and corporate advisory, the Bank’s platinum service team and professional services group, residential lending, the small business administration (SBA) team, and treasury management and escrow services.  He will continue the Company’s focus and momentum on providing advice-led solutions to the Bank’s large-level commercial clients.

Smith is a seasoned business banking professional who joined Peapack-Gladstone Bank from Capital One Bank where, for seven years, he served as the group sales executive for the Northeast and Mid-Atlantic regions, responsible for the $2 million to $25 million business banking segment from Virginia to Massachusetts. During his more than 15 years with Capital One Bank, he held several senior-level strategic, sales and team leadership roles, where he was responsible for generating millions in new business, including both loan and deposit generation. Prior to Capital One Bank, he worked at Summit Bank for 15 years, moving up the ranks to Senior Regional Vice President, responsible for directing a significant segment of the NJ market.

Smith an MBA in Business Administration/Finance from Rider University, where he graduated Suma Cum Laude, and a BS in Finance from Fairleigh Dickinson University, where he also graduated with distinction.

As Market President and Head of C&I Lending, Vorcheimer is responsible for leading the Bank’s team of commercial private bankers, who are focused on providing high-touch, personal client service in the Bank’s C&I lending business, while also providing wealth and deposit solutions for commercial businesses in northern NJ and the Tri-State.

Vorcheimer has 27 years of experience in the financial services industry, with a focus on middle market companies, ensuring long-term achievement of their financial goals.  Prior to Peapack-Gladstone Bank, he served as senior vice president, senior relationship manager, middle market and commercial banking at Capital One Bank, growing 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 throughout NJ.  Previously, as Senior Vice President at Bank of America, Vorcheimer was instrumental in the growth, profitability and cross sell of all bank products, achieving the Bank’s Pinnacle Award for five consecutive years.

Vorcheimer holds a BS in Business Administration from the University of Hartford.

“Both Greg and Stuart are proven, highly skilled leaders with exceptional performance, management and strategy expertise in building and managing cross-functional teams, with an approach to banking focused on teamwork, dedication and commitment,” said Doug Kennedy, President and Chief Executive Officer at Peapack-Gladstone Bank.

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