Peapack-Gladstone Bank Bolsters Legal Team with Addition of Experienced Attorney Michael Anthony Guarino

Peapack-Gladstone Bank, a subsidiary of Peapack-Gladstone Financial Corporation (NASDAQ: PGC), has announced the appointment of Michael Anthony Guarino, Esq., CRCM as Senior Vice President, Attorney. This strategic hire signifies the bank's commitment to strengthening its legal and compliance capabilities, particularly as it expands its presence in New York City.

Guarino, who brings over 25 years of experience in financial services, will be based at the bank's headquarters in Bedminster, New Jersey, and its new location at 300 Park Avenue, New York City. His primary responsibilities include addressing legal issues arising from the company's New York office and providing support to the bank's executive and leadership teams on legal and policy matters.

The addition of Guarino to Peapack-Gladstone Bank's team comes at a crucial time for the financial industry, which faces increasingly complex regulatory challenges and evolving risk landscapes. His extensive background in regulatory risk assessment, compliance management, fraud and AML investigations, and vendor management positions the bank to navigate these challenges more effectively.

Guarino's diverse experience includes roles at prominent financial institutions such as Metropolitan Commercial Bank, Israel Discount Bank of New York, First Fidelity, First Union Bank, and Chase Manhattan Bank. This broad exposure to various aspects of banking law and compliance is expected to bring a comprehensive perspective to Peapack-Gladstone Bank's legal operations.

The appointment is particularly significant given Peapack-Gladstone Financial Corporation's substantial assets of $6.5 billion and assets under management and/or administration of $11.5 billion as of June 30, 2024. As the bank continues to grow and offer innovative wealth management, investment banking, and retail solutions, a robust legal framework becomes increasingly critical.

Guarino's educational background, including a Bachelor of Arts from Rutgers University and a Juris Doctor from Seton Hall Law School with a concentration in Banking, UCC Business, Trusts, and International Law, aligns well with the bank's diverse service offerings. His membership in both the New Jersey and New York Bars, along with certifications as a Certified Compliance Manager (ICB) and Certified Regulatory Compliance Manager (CRCM), further enhances the bank's compliance capabilities.

This hire also reflects Peapack-Gladstone Bank's commitment to its client-centric approach. By strengthening its legal team, the bank aims to ensure that its high-quality products and customized solutions are delivered within a robust legal and compliance framework, thereby enhancing client trust and satisfaction.

As financial institutions face increasing scrutiny and regulatory pressures, the addition of experienced legal professionals like Guarino becomes crucial. This move by Peapack-Gladstone Bank not only strengthens its internal capabilities but also signals to stakeholders its proactive approach to risk management and regulatory compliance.

The banking industry will likely watch closely to see how this strategic hire influences Peapack-Gladstone Bank's operations, particularly in the New York market. As the financial landscape continues to evolve, the expertise of seasoned professionals like Guarino may prove instrumental in navigating future challenges and opportunities in the sector.