Peapack-Gladstone taps leader for equipment finance unit

Peapack-Gladstone Financial in Bedminster, N.J., has a new president for its equipment finance unit. 

The $6.2 billion-asset company said in a press release Monday that Dennis Smith had accepted the post. He previously served as the unit’s chief operating officer. 

Peapack-Gladstone also said that Richard Johnston had been named national director of sales. Johnston previously served as the unit’s senior vice president of capital markets. 

Smith and Johnston, who joined the company in 2017, oversee a team of 16 bankers who work from offices in Bedminster and Northborough, Mass. 

Peapack Capital provides equipment and asset financing, ranging from $3 million to $30 million, to middle market and large corporate clients nationwide.