Gladstone Financial Corporation and Peapack-Gladstone Bank appointed Elisa DePalma senior vice president, head of commercial closing, credit risk management. Working out of the bank’s Teaneck location, DePalma oversees management of the commercial closing department.

As a demonstrated leader and team player, DePalma will reinforce and expand positive working relationships across the bank. She is responsible for managing a team with core functions including loan closing and funding, documentation preparation and ordering third-party due diligence. DePalma’s focus is to improve the closing process and provide excellent service to Peapack-Gladstone Bank clients.

DePalma also supports the closing of commercial loans in several lines of business at the bank including investment banking, commercial real estate (CRE), multifamily lending, commercial and industrial (C&I) lending, wealth management and community banking.

Previously, DePalma served as senior vice president, commercial closing department, commercial real estate (CRE) for Capital One, National Association in Fairfield, NJ where she elevated and streamlined closing processes resulting in improved client experience. Prior to that, DePalma was director, commercial mortgage finance for commercial mortgage-backed securities (CMBS) at Citigroup Global Markets Realty, where she was actively involved in $20 billion of commercial loans from application and commitment to closing.

Founded in 1921, Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of $6.3 billion and wealth management assets under management and/or administration of $7.2 billion as of June 30, 2020.