New Jersey holding company, Peapack-Gladstone Financial Corporation, Peapack-Gladstone Bank and Peapack Private, announced expansion plans with the official filing of an application to open a location in New York City. Peapack Private is actively recruiting from the Tri-State area and beginning to build a presence in Manhattan.

“With the recent changes to the New York City banking landscape, we believe our brand of private banking will be well received by the market,” said Doug Kennedy, President and Chief Executive Officer. He continued, “We have the right client-centric culture to take advantage of the current opportunity in the marketplace. Over the past several weeks we have recruited a team of highly skilled, like-minded professionals to lead our efforts.”

Jeanne Scungio, an experienced financial services leader, has joined the team to lead the expansion as the President for Peapack Private’s New York location. Scungio has extensive experience as a leader of high-performing teams who advocate for individuals and businesses with complex needs. She joins Peapack Private from First Republic Bank where she was a Team Leader and Senior Managing Director for the bank’s New York City presence since 2004. Scungio’s experience includes similar senior level private banking roles at U.S. Trust Company, Citibank, N.A. and Chase Manhattan Bank, N.A. Scungio’s focus on providing customized client solutions that include credit, investment, specialized asset management and depository services; along with her leadership skills and focus on providing an exceptional client experience, aligns with Peapack Private’s business model and its commitment to providing exceptional, single point of contact client service that goes beyond market norms.

“I am happy to join an organization that is committed to providing an elevated experience for its clients,” Scungio said. “As a well-known New Jersey-based boutique financial institution, I expect the expansion for Peapack Private into NY will be well-received. The team of private banking professionals we are assembling to compete in this market will be formidable and will make an impact.”

Scungio is a graduate of The Wharton School, University of Pennsylvania, Executive Development Program and holds a Bachelor of Science Degree in Business Administration from Providence College, Providence, Rhode Island. She is a volunteer at Memorial Sloan Kettering Hospital and a former volunteer at The Ronald McDonald House, both in New York.