Peapack-Gladstone Financial and Peapack Private Bank & Trust appointed Leonard Carraturo as senior managing director, commercial private banker. Carraturo joins Peapack Private’s experienced commercial banking team, where he will deliver customized lending and banking solutions while partnering closely with clients to support growth initiatives, acquisitions, capital investments, treasury management needs and long-term financial objectives through the bank’s relationship-driven approach.
Carraturo brings more than 20 years of commercial banking and financial services experience, with extensive expertise in middle-market commercial and industrial (C&I) lending, sponsor finance, healthcare finance, asset-based lending, treasury management and client relationship management.
“Leonard’s extensive commercial banking experience, strong market presence, and proven track record of developing long-term client relationships make him an outstanding addition to our team,” Dawn Kasulke, senior managing director, team leader at Peapack, said. “His deep knowledge across middle market banking, sponsor finance and healthcare lending further strengthens our ability to deliver sophisticated financial solutions to our clients and communities.”
Prior to joining Peapack Private, Leonard served as vice president and commercial banking relationship manager at Metropolitan Commercial Bank in New York City, where he managed and expanded relationships with middle-market companies, private equity sponsor-backed businesses, family offices, healthcare service organizations and professional intermediaries. During his tenure, he consistently exceeded business development goals, helped establish the bank’s sponsor finance platform and originated and executed a broad range of financing solutions, including acquisition, leveraged cash flow, working capital, commercial real estate and revolving credit facilities.
Previously, Carraturo was vice president, business development officer for asset-based lending at Webster Bank where he developed strategic relationships with private equity sponsors, family offices and investment banking professionals while originating and structuring financial solutions for middle-market companies. His efforts drove portfolio growth and new client acquisition across healthcare, manufacturing, distribution and business services sectors.
Earlier in his career, Leonard served in commercial banking and credit-related positions with Wells Fargo, Community Mutual Savings Bank, JPMorgan Chase, Moody’s Investors Service and Bear Stearns, building a strong foundation in credit analysis, underwriting, commercial lending and relationship management.
Carraturo earned a bachelor’s degree from Iona College.
