Peapack-Gladstone Financial Corporation announced that Frank A. Cavallaro will join the Company and the Bank as Senior Executive Vice President, effective October 31, 2022, and will assume the role of Chief Financial Officer on November 10, 2022. Mr. Cavallaro, a resident of Cherry Hill, NJ, joins the Bank from Republic Bank, where since 2012, he was Executive Vice President and Chief Financial Officer. A Certified Public Accountant, Frank has held senior level positions at several financial institutions and CPA firms throughout his more than 30-year career.

A graduate of Rutgers University School of Business, with a degree in Accounting, Mr. Cavallaro will replace Jeffrey J. Carfora, who last month announced his intention to retire on April 7, 2023. Upon Mr. Cavallaro assuming the role as CFO, Mr. Carfora will step down, but will remain with the Company as a senior officer until April 7, 2023, to assist with transitional matters.