Peapack-Gladstone Bank promoted Dennis R. Magarro to senior vice president, senior underwriter at Peapack Capital.

Magarro will be responsible for credit and underwriting functions with a focus on equipment finance and leasing.

Magarro has 18 years of equipment leasing and structured finance experience in a broad range of industries. Prior to joining Peapack Capital, he held key positions at Santander Bank, MUFG Capital Leasing and Finance, RBS/Citizens Asset Finance, GE Capital and Arthur Andersen.

At RBS, Magarro was a member of the President’s Advisory Council and received the President’s Outstanding Achievement Award in 2012.