PGC appoints CRE veteran Kotronis to expand NY/NJ lending platform
Jul 10, 2026, 2:09 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The appointment signals a strategic push into CRE growth and deposit generation, which can be incremental upside if executed well. While not an immediate earnings catalyst, it could improve loan growth and fee-driven revenue over 6–12 months. Comparable bank hires that strengthened CRE platforms have historically provided modest multiple and earnings upside when loan growth materializes.
AI summary
What happened, with direct paths to the underlying reporting
Peapack-Gladstone Financial announces Paul Kotronis as Senior Managing Director, CRE at Peapack Private Bank & Trust. Kotronis brings 20+ years of CRE finance, including a $5 billion portfolio at Signature Bank, and will drive CRE lending growth and deposits in NY/NJ. The hire signals a renewed focus on expanding the bank's CRE franchise.
Peapack-Gladstone appoints Paul Kotronis as Senior MD, CRE. He will lead CRE lending growth.
Kotronis brings 20+ years CRE experience; previously managed a $5B CRE portfolio.
Past roles at Signature Bank, Santander, NYCB bolster credibility. Supports NY/NJ expansion.
PGC assets: $7.7B; AUM $13.1B as of 3/31/2026. CRE expansion focus may boost deposits.
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