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Peapack-Gladstone Bank Appoints Johnston as President, Peapack Capital

January 16, 2024, 07:02 AM

Peapack-Gladstone Financial and Peapack-Gladstone Bank announced the appointment of Rich Johnston as President, Peapack Capital, a subsidiary of the Bank, which focuses on equipment finance and leasing.  Johnson is now responsible for overseeing all originations and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries, in addition to out-bound syndications.  Since joining Peapack Capital in 2017, he has played a significant role in the growth of this important business segment.

Johnston has over 30 years of leasing and structured finance expertise in the origination of middle market and large-ticket asset finance transactions in the primary and secondary syndication markets and on a direct basis.  He has a consistent track record as a top performer at all levels of his career in equipment finance.  Johnson’s knowledge and experience in the marketplace gives Peapack Capital a tremendous advantage.  Prior to Peapack Capital, Rich served in Capital Markets roles at Sumitomo-Mitsui Finance and Leasing, Citizens Asset Finance, AIG Commercial Asset Finance, and Siemens Financial Services.

Johnson earned his Bachelor of Science degree in Finance from Fairfield University in Fairfield, Connecticut and Masters of Business Administration in Finance from Fordham University, New York, NY.

For more equipment finance industry news, visit Equipment Finance Advisor.

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