Rick DeBel will join Peapack-Gladstone Bank to fill a newly created position as executive vice president of Deposit Solutions.

DeBel’s responsibilities will include strengthening and expanding the bank’s retail and commercial deposit efforts, and overseeing its retail, platinum, treasury and escrow services teams.

He joins the bank from Wells Fargo where he held the position of regional vice president, responsible for building and growing the bank’s commercial business, which included credit, treasury, deposits and other ancillary services. DeBel is a seasoned leader with more than 35 years in the industry where he has led teams at Bank of America/Fleet/Summit Bank. At Bank of America, he was the senior vice president and senior client manager, responsible for managing a team of product partners charged with growing revenue year-over-year for a client base of over $700 million in banking products.

“Rick is a proven leader for building and managing cross-functional teams,” said Doug Kennedy, president and CEO at Peapack-Gladstone Bank. “His approach to banking focuses on teamwork, dedication and commitment.”