Peapack Capital, a subsidiary of Peapack-Gladstone Bank, appointed Brandon J. Smith senior vice president and head of asset management and Brenda Boyce vice president and senior credit underwriter.
Based out of the bank’s Short Hills, NJ, location, Smith will be responsible for all aspects of the asset management function at Peapack Capital, including equipment valuations and reviews, portfolio analyses, end-of-lease negotiations, equipment inspections and dispositions. Smith will succeed David Santom, Peapack Capital’s current head of asset management, who is retiring after more than 35 years in the industry.
Smith has more than 30 years of experience in the equipment finance industry. He most recently served as vice president and asset management group leader at Investors Bank Equipment Finance in Iselin, NJ. In that role, Smith was responsible for creating collateral valuation studies and residual development for all lease and loan transactions and developing and maintaining relationships with industry experts, appraisers and secondary market equipment dealers and broker networks. He oversaw a $950 million equipment finance portfolio of most major asset classes.
Prior to Investors Bank, Smith served as asset management officer at Signature Financial; director of sales at Heritage Global Partners; vice president of business development and valuation, remarketing and special assets at Connell Finance; lease marketing manager for syndications at Mitsui Leasing Capital; and assistant vice president for rail and intermediary for CIT’s capital equipment financing group.
Boyce will be responsible for credit and underwriting functions at Peapack Capital, which focuses on equipment financing and leasing.
Boyce has 31 years of financial services experience focused on credit and project management and client service. She previously served as vice president and senior portfolio manager II at Citizens Asset Finance, a division of Citizens Bank. She was responsible for credit and risk administration with a particular emphasis on adherence to credit policy, financial analysis/modeling, risk evaluation, ongoing portfolio maintenance and client support for an asset finance portfolio comprised of middle market and mid-corporate clients. While serving in her senior portfolio manager II role at Citizens Asset Finance, she simultaneously held the position of credit business support manager, developing and maintaining various templates and models used throughout the credit process, creating credit-related policy and procedures and designing training materials and reference guides. Boyce also previously served as senior credit analyst at Textron Financial.
