Peapack Private Bank & Trust Expands Commercial Real Estate Team with Seasoned Banking Professional

Peapack Private Bank & Trust has strengthened its Commercial Real Estate (CRE) division by recruiting Nicholas LaMorte, a senior banking professional with extensive experience in real estate finance. LaMorte joins the bank as a Senior Managing Director, tasked with expanding the institution's market presence and growing its commercial real estate lending portfolio.

With more than 20 years of experience in real estate finance, LaMorte brings a robust professional background to his new role. Prior to joining Peapack, he served as Senior Vice President and Group Director at Signature Bank, where he successfully developed a substantial commercial real estate portfolio. During his tenure, LaMorte sourced, negotiated, and underwrote loans totaling approximately $3.8 billion across various property types in the New York Metropolitan area.

LaMorte's expertise lies in providing comprehensive credit and depository services to top-tier real estate investors. His strategic approach to lending and deep understanding of the commercial real estate market will be crucial in helping Peapack Private Bank & Trust achieve its growth objectives in the CRE sector.

The addition of LaMorte signals the bank's commitment to expanding its commercial real estate footprint and offering sophisticated financial solutions to clients. His proven track record of organic portfolio development and specialized knowledge of real estate finance makes him a significant asset to the bank's strategic expansion plans.

A graduate of Pace University's Lubin School of Business with a Bachelor of Administration in Finance, LaMorte brings both academic credentials and practical experience to his new role. His recruitment represents a strategic move by Peapack Private Bank & Trust to enhance its competitive position in the commercial real estate lending market.