Our People

We welcome you to meet our team.

Those among many who invest and support in the success of Peapack-Gladstone Bank and the communities we serve.

Board of directors

On Off

Executive Leadership

F. Duffield Meyercord, Chairman

Partner of Carl Marks Advisory Group, LLC; President, Meyercord Advisors, Inc. Director since 1991.

Douglas L. Kennedy

President and Chief Executive Officer of Peapack-Gladstone Financial Corporation and the Bank. Director Since 2012.

Carmen M. Bowser

Retired; Previously Managing Vice President, Commercial Real Estate Division, Capital One Bank, N.A. Director since 2017.

Dr. Susan A. Cole

Retired; previously President of Montclair State University, Director since 2014.

Anthony J. Consi

Retired; previously Senior Vice President of Finance and Operations, Weichert Realtors. Director since 2000.

Richard Daingerfield

Retired; Previously Executive Vice President and General Counsel of Citizens Financial Group, Inc. Director since 2014.

Edward A. Gramigna, Jr.

Partner and Member of the Management Board, Faegre Drinker Biddle & Reath LLP. Director since 2012.

Peter D. Horst

Retired; Previously Chief Executive Officer, PSB. Director since 2019.

Steven A. Kass

Retired; Previously Chief Executive Officer of Rothstein Kass and former senior partner of KPMG. Director since 2018.

Patrick J. Mullen

Retired; Previously Director of Banking, State of New Jersey, New Jersey Department of Banking and Insurance. Director since 2019.

Philip W. Smith, III

President, Phillary Management, Inc., a real estate management company. Director since 1995.

Tony Spinelli

Chief Information Officer for Urban One, Inc. Director since 2017.

Beth Welsh

General Manager, Bassett Associates, a real estate management company. Director since 2012.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:PGC) is a New Jersey bank holding company.

Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, investment banking, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers. Peapack Private, the Bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions, to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service.

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Partner of Carl Marks Advisory Group, LLC; President, Meyercord Advisors, Inc. Director since 1991.

Carmen Bowser was named to the Board of Directors in September 2017. Ms. Bowser most recently served as Managing Vice President, Commercial Real Estate Division, at Capital One Bank, N.A., New York, NY, where she was responsible for a geographically dispersed 100-person team which provided the “first line of defense” for new loan originations and asset management.

Prior to joining Capital One, Ms. Bowser was a Principal/Managing Director for Prudential Mortgage Capital Company, where she led the commercial mortgage origination teams in McLean, Virginia, Boston, Massachusetts and New York City, overseeing annual team loan production of approximately $800 million across an expansive platform of FNMA, General Account, conduit, bridge, interim and mezzanine loans. She has held similar positions at Teachers Insurance and Annuity Association, NY, Arbor National Commercial Corp, Los Angeles, CA, and The Prudential Insurance Company of America, LA, NY and Newark, NJ.

A graduate of William Smith College with an MBA in Finance from Rutgers Graduate School of Management, she is National Association of Corporate Directorship Certified and a member of Women Corporate Directors, Women in the Boardroom, the Urban Land Institute and WX, Inc., an organization for executive women in commercial real estate. Ms. Bowser is a Board Member and Vice Chair of Building for the Arts NY, Inc. and a former independent board member of Columbia Property Trust.

Retired; previously President of Montclair State University, Director since 2014.

Retired; previously Senior Vice President of Finance and Operations, Weichert Realtors. Director since 2000.

Retired; Previously Executive Vice President and General Counsel of Citizens Financial Group, Inc. Director since 2014.

Partner and Member of the Management Board, Faegre Drinker Biddle & Reath LLP. Director since 2012.

Retired; Previously Chief Executive Officer, PSB. Director since 2019.

Peter Horst is a Fortune 500 Chief Marketing Officer with 30 years of marketing leadership experience across diverse industries in consumer and business products, services and technology for market leaders such as Capital One, General Mills, US West (Century Link), Hershey and Ameritrade. He is the founder of CMO, Inc., and serves as a consultant, author, speaker, board member and advisor to senior executives on marketing strategy, messaging and growth planning.

Peter is a graduate of Harvard University and Dartmouth College’s, Tuck School of Business. He is a Forbes contributor and author of the best-selling book, Marketing in the #FakeNews Era.

Retired; Previously Chief Executive Officer of Rothstein Kass and former senior partner of KPMG. Director since 2018.

Steven A. Kass was named to the Board of Directors in January of 2018. He is the retired Chief Executive Officer of Rothstein Kass and former senior partner of KPMG, the firm that acquired Rothstein Kass in 2016.

As CEO of Rothstein Kass, Mr. Kass developed and implemented corporate strategy, championed organizational culture, core values, business purpose, guiding principles, diversity and women’s initiatives. His firm was once named to Fortune magazine’s 100 Best Companies to Work for in the United States. Kass was responsible for the oversight of the firm’s financial performance and risk management, including crisis response and corporate governance. He negotiated the sale of Rothstein Kass firm assets to KPMG and as senior partner at KPMG, he facilitated the subsequent integration and assimilation of the two firms.

A graduate of Syracuse University, with a Bachelor of Science in Accounting, he served as Co-Chairman of the Board at Rothstein Kass from 2005 - 2014, and was a member of the Executive Committee from 1995 - 2014, serving as Chair from 2005 - 2014. Mr. Kass is a member of the National Association of Corporate Directors, the American College of Corporate Directors, the Association of Audit Committee Members, the KPMG Audit Committee Institute and the Private Directors Association. He is also a former board member of Sun Bancorp and AGN International, an international affiliation of accounting firms. He is a member of both the Whitman School of Management and the Lubin School of Accounting Advisory Boards for Syracuse University.

Mr. Kass is qualified to serve on the Board of Directors of Peapack-Gladstone Financial Corporation and as the Audit Committee Chair because of his public company accounting and management level experience.

Retired; Previously Director of Banking, State of New Jersey, New Jersey Department of Banking and Insurance. Director since 2019.

President, Phillary Management, Inc., a real estate management company. Director since 1995.

Chief Information Officer for Urban One, Inc. Director since 2017.

Tony Spinelli was named to the Board of Directors in May of 2017. Mr. Spinelli serves as the Senior Vice President and Chief Information Officer at Urban One, Inc. where he manages all aspects of the company's technology function. Prior to joining Urban One, he held the position of Chief Operating Officer and President, Cyberdivision for Fractal Industries, Inc., a venture-backed artificial intelligence and machine learning decision-platform focused on advancing digital analytics in both cybersecurity and risk management. Previously he served as Senior Vice President and Chief Information Security Officer at Capital One Financial, responsible for developing and leading the cybersecurity and technology risk management program for the organization. Prior to Capital One, Tony was the Chief Information Security Officer of Tyco International, Equifax and First Data Corporation, where he led global teams responsible for security engineering, security operations, security compliance and policy and cybersecurity threat management.

Mr. Spinelli maintains Certified Information Systems Security Professional (CISSP) accreditation and serves on the boards of Per Scholas, the US Department of Defense and Georgia Tech Institute for Information Security and Privacy. Tony has also served on the board of advisors for Cisco, Cylance, Kudelski Security, and IBM. He holds multiple patents in such areas as data loss prevention and methods of network risk reduction and internet browsing habits.

General Manager, Bassett Associates, a real estate management company. Director since 2012.

President and Chief Executive Officer

Douglas Kennedy is responsible for developing and executing on the Bank’s strategic vision – Expanding Our Reach – which was launched in 2013. Doug leads the Company’s wealth, lending and deposit lines of business, along with its branding, human capital, operations and technology functions, to deliver the Bank’s unique private banking style of client service and superior product solutions.

With more than 40 years in the industry, Doug is a passionate, highly competitive, creative, and versatile financial services leader with a proven track record of building and repositioning businesses. He is dedicated to the communities where he lives and works, and is an innovator who has made it his mission to transform Peapack-Gladstone Bank and its wealth management division, Peapack Private, into a financial services powerhouse, able to compete at the highest level. For five years in a row, 2018 - 2022, the Bank was recognized by American Banker as a “Best Bank to Work For”.

Doug challenges his employees to live by a set of strategic and visionary core principles that put clients, each other and the community above all else. He encourages both corporate and individual responsibility, and proactive reinvestment in communities with the greatest needs. He values volunteerism and generously gives to local organizations that are important to the fabric of everyday life.

Doug is a graduate of Sacred Heart University in Fairfield, Connecticut with a BS in Economics and an MBA in Finance. He sits on Sacred Heart’s Board of Trustees and is also a member of Montclair State University’s Board of Trustees. Doug serves on the Boards of the NJBankers Association and New Jersey Chamber of Commerce. Doug was named to the NJBIZ "Power 100" list in 2020, 2021 and 2022. He was also named to the NJBIZ “Power 50 Banking” list in previous years. In 2020, Doug was named an NJBIZ "Icon". In 2021 and 2022, Doug was also named to the ROI-NJ "Influencers: Power List - Banking & Finance". In 2022, he was named to City & State NY’s Economic Development Power 100 list. Appointed to the Board of Directors of the Federal Reserve Bank of New York (New York Fed) as a Class A Director in January 2020, he was reelected in 2022 for an additional three year term.

Senior Executive Vice President, President of Peapack Private Wealth Management

John Babcock is responsible for all of the Company’s wealth management activities including investment management, trust and fiduciary services, custody, banking and lending solutions for high net worth, institutional and not-for profit clients. He is a member of the Company’s Senior Management Executive Committee, the Asset and Liability Committee, the Firm Risk Committee, as well as serving as President of PGB Trusts and Investments of Delaware.

Prior to joining PGB, he was the managing director in charge of the Northeast Mid-Atlantic region for the HSBC Private Bank and, prior to that, he was the New York Metro Market Executive for U.S. Trust – the largest of U.S. Trust’s 53 markets in the U.S. In these and previous roles over the last 35 years, he has led commercial and wealth management/private bank businesses in New York City and regional markets through mergers, expansions, rapid growth and periods of significant organizational change.

John is a 1980 graduate of Tulane University’s A.B. Freeman School of Business and has an M.B.A. from Fairleigh Dickinson University. He holds his FINRA Series 7, 63 and 24 securities licenses. He is currently on the Board of Trustees of the Purnell School and has been involved with many organizations over the years in board and advisory capacities including the New Jersey Special Olympics, New Jersey SEEDS and the New Jersey State Golf Association Caddie Scholarship Foundation.

Senior Executive Vice President

Jeffrey J. Carfora is a Senior Executive Vice President of Peapack-Gladstone Bank and of Peapack-Gladstone Financial Corporation – the public Holding Company for Peapack-Gladstone Bank.

Jeff joined the Bank as Executive Vice President and CFO in March 2009. He was promoted to Senior Executive Vice President in August 2013. Including his tenure with the Bank, Jeff has over 36 years of financial experience, the majority of which has been in the banking industry. Prior to the Bank, Jeff was affiliated with Penn Federal Savings Bank where he joined as Chief Financial Officer and was later promoted to Chief Operating Officer, Carteret Bank, and Marine Midland Bank. Jeff began his career in 1980 with PriceWaterhouseCoopers, upon graduation from Fairleigh Dickinson University.

Jeff has a BS in accounting and an MBA in Finance, and is a Certified Public Accountant.

Senior Executive Vice President, Chief Financial Officer

Frank Cavallaro joined Peapack-Gladstone Bank in October of 2022 as Senior Executive Vice President. He became the Chief Financial Officer in November 2022. He joined the Bank from Republic Bank, where since 2012, he was Executive Vice President and Chief Financial Officer. A Certified Public Accountant, Frank has held senior level positions at several financial institutions and CPA firms throughout his more than 30-year career.

Frank has a Bachelor of Science Degree in Accounting from Rutgers University School of Business, Camden, NJ.

Executive Vice President, Chief Credit Officer

As Chief Credit Officer, Lisa Chalkan is responsible for directing the Bank’s credit professionals and quality assurance teams to efficiently manage the high growth of the Bank’s loan originations and ensure continued high asset quality. She is a career banker with more than 30 years of financial services experience in all aspects of credit administration and the underwriting and managing of policies and procedures.

Prior to joining Peapack-Gladstone Bank, Ms. Chalkan served at Capital One N.A. where she held executive level positions as Senior Vice President, Head of Commercial Credit Policy; Director of Loan Administration/Commercial Banking; and Manager of Middle Market Underwriting, responsible for defining credit parameters and authorities for commercial business and the build-out of a centralized credit administration team. Over the years, she also held key roles at Fleet Boston Financial/Bank of America and HSBC Bank USA/HSBC Securities, Inc.

Ms. Chalkan holds a Bachelor of Arts Degree in Economics from Rutgers University. She is proficient in Spanish and earned a Certificate with Honors from the National Commercial Lending School. Lisa is a key contributor to the Board of Trustees of the Union County Economic Development Corporation, and past honoree as a Woman of Influence in Finance by the Women’s Fund of New Jersey.

Executive Vice President, Chief Human Resources Officer

Executive Vice President, Chief Risk Officer and Head of Compliance

Maureen E. Hemhauser is the Executive Vice President, Chief Risk Officer and Head of Compliance, responsible for administering the Bank’s Enterprise Risk Management Program and responsible for overseeing the Bank’s Regulatory Compliance, Bank Secrecy Act, OFAC and Anti-Money Laundering programs. Maureen was the Senior Vice President, Chief Compliance Officer at Peapack-Gladstone Bank from February 2015 until August 2019.

Maureen is a financial services professional with 29 years of experience in the industry. Prior to joining Peapack-Gladstone Bank, she served as a Senior Compliance Manager at FIS Global for established and de novo financial institutions throughout New Jersey and New York. Maureen was also responsible for conducting monitoring reviews of all consumer compliance and CRA regulations, BSA risk assessments, BSA audits, and BSA and Fair Lending training for boards of directors. She previously served at the FDIC as a Financial Institution Examiner and Supervisory Review Examiner in the FDIC’s New York Regional Office, where she was responsible for the management of bank regulatory and CRA examination caseloads of over 90 financial institutions in Delaware, New Jersey, New York, Pennsylvania and Puerto Rico.

Ms. Hemhauser holds a Bachelor of Science Degree in Accounting from Georgian Court University in Lakewood, New Jersey.

Executive Vice President, Chief Operating Officer

Bob Plante is a seasoned executive, proficient in tactical and operational leadership within the financial services industry. He has an extensive skill set with a focus on delivering high-value results. Adept at generating business value, Bob is an outstanding team builder and coach with expertise in business alignment, innovation and operations, mergers, acquisitions and integration, regulatory compliance, and performance management.

Bob most recently served as executive vice president and chief operations officer/chief information officer at IDB New York, a $9.8 billion commercial bank, where he was a member of the credit risk, market risk and asset liability committees. In his role, he was responsible for all back-office support functions including payments, deposits, commercial and residential lending, treasury, custody, commercial cash management and information technology.

An experienced banker, Bob has also held leadership positions at The CIT Group, a global commercial and consumer finance company with $5.6 billion in revenue and more than 7,000 employees in 31 countries, and at GE Capital Global Consumer Finance, where he was a member of the senior management team responsible for technical strategy development and integration, systems selection and implementation, data center consolidation, acquisition due diligence and organizational planning and recruiting.

Bob holds a Bachelor of Science in Business Administration (B.S.B.A.), Finance, from the University of Vermont. Bob has been recognized as a “Top Innovator” by Information Week and named a “Top 100 CIO” by CIO Magazine. He also has been awarded the “Individual Achievement” award from CancerCare of New Jersey.

Executive Vice President, President, Family Office Services

Executive Vice President, Chief Information Officer and Chief Digital Officer

Senior Executive Vice President, President of Commercial Banking

Executive Vice President, Head of Commercial Real Estate Lending

Executive Vice President, Head of Commercial and Industrial Lending

Stuart Vorcheimer is the Executive Vice President and Head of Commercial and Industrial Lending at Peapack-Gladstone Bank. Working out of the Bank’s Teaneck location, Stuart 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.

Stuart 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, Stuart was instrumental in the growth, profitability and cross sell of all bank products, achieving the Bank’s Pinnacle Award for five consecutive years.

Mr. Vorcheimer holds a BS in Business Administration from the University of Hartford. Stuart is a current member of the board of directors and the former board chairman of the Metropolitan YMCA, the largest YMCA association in NJ. Additionally, he serves as co-chair of the Metropolitan YMCA’s annual Kids Care golf tournament and serves on the executive, investment, and executive compensation committees and the YMCA merger task force.

svorcheimer@pgbank.com

(201) 285-6153

Eric H. Waser

Executive Vice President, Head of Peapack Private Investment Banking

Eric H. Waser is the Executive Vice President and Head of Investment Banking at Peapack Private Investment Banking. As the head of Investment Banking, he leads the Company’s focus on providing independent, unbiased and objective advice to middle-market companies and their owners. This includes merger and acquisition advisory support, evaluation and assistance with accessing alternative capital markets, evaluation of strategic alternatives to maximize shareholder value, and customized structured finance based on asset-based and/or enterprise value.

Eric is part of an executive team that is laser focused on providing both new and existing clients with the bank’s unique brand of private banking. He has more than 25 years of experience in financial services and private banking. He joined Peapack-Gladstone Bank in 2015 as the head of commercial banking. Prior to joining the bank he was as managing director for Citibank’s East Business Banking Division, which achieved superior growth and risk adjusted returns through his direction. Prior to Citibank, Waser was the senior vice president, chief financial officer and chief operating officer at Clean Venture, Inc., one of the largest private environmental remediation company’s in the US. Throughout his career, as president of Mid Atlantic Corporate Banking, CEO-NJ and managing director at Sovereign Bank and executive vice president at Fleet Boston Financial/Nat West Bank, Eric focused on all aspects of Retail and Commercial Banking Segments including: business banking, middle market, large corporate, leveraged lending, and professional services, healthcare and not for profit specialty segments.

Mr. Waser holds a Bachelor of Science degree from Indiana University, Kelly School of Business and has taught extensively on advanced credit, sales and leadership training topics and programs.

ewaser@pgbank.com
(908) 470-6419

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Our People

We welcome you to meet our team.

F. Duffield Meyercord, Chairman

Douglas L. Kennedy

Carmen M. Bowser

Dr. Susan A. Cole

Anthony J. Consi

Richard Daingerfield

Edward A. Gramigna, Jr.

Peter D. Horst

Steven A. Kass

Patrick J. Mullen

Philip W. Smith, III

Tony Spinelli

Beth Welsh

Douglas L. Kennedy

John P. Babcock

Jeffrey J. Carfora

Frank A. Cavallaro

Lisa Chalkan

Brydget Falk-Drigan

Maureen E. Hemhauser

Robert A. Plante

Thomas J. Ross, Jr.

Kevin Runyon

Gregory M. Smith

Vincent A. Spero

Stuart Vorcheimer

Eric H. Waser

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:PGC) is a New Jersey bank holding company.

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