Peapack Private Strengthens New York Commercial Banking with Senior Hire

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust announced that Alex Lurye has joined the bank's New York-based commercial banking team as Senior Managing Director. This strategic appointment brings substantial commercial lending expertise to Peapack Private's operations in the competitive New York banking landscape. Lurye brings more than 23 years of experience in commercial lending across New York, Westchester, and Long Island, positioning him to significantly contribute to the bank's growth objectives in these key markets.

Lurye's most recent position was as Senior Credit Officer of NYC Lending at Valley National Bank, where he oversaw multiple underwriting teams managing a substantial portfolio of $4 billion in commitments and $2.7 billion in outstandings. This extensive portfolio management experience demonstrates his capability to handle complex commercial lending operations at scale. His background includes significant leadership roles at Valley National Bank, including Division Head of NY Commercial Banking, where he directed group performance in budgeting, production, and portfolio management, and Team Leader of NY Commercial Banking, leading relationship managers focused on driving growth in loans, deposits, and fee income.

Earlier in his career, Lurye developed his credit and relationship banking skills through important roles at Santander Bank and Wells Fargo, both based in New York. This diverse banking background across multiple major financial institutions provides him with a comprehensive understanding of the New York commercial banking environment. His educational credentials include a Bachelor of Arts degree in Business Management and Finance, with a minor in Philosophy, from Brooklyn College in Brooklyn, NY. Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025. The company's banking subsidiary, Peapack Private Bank & Trust, founded in 1921, offers a client-centric approach to banking with customized wealth management, investment banking, and commercial banking solutions. Additional information about the bank's services can be found at https://www.peapackprivate.com.

The hiring of Lurye represents a significant investment in Peapack Private's commercial banking capabilities in the New York market, where his extensive experience managing multi-billion dollar portfolios and leading commercial banking teams will enhance the bank's competitive position. His background in credit oversight and relationship management aligns with Peapack Private's focus on providing high-quality, customized banking solutions to commercial clients. This appointment comes at a time when commercial banking competition in New York remains intense, requiring experienced leadership to navigate complex lending environments and drive sustainable growth.