Bedminster-based Peapack-Gladstone Bank recently announced enhancements to its equipment finance and leasing subsidiary, Peapack Capital.
Dennis Smith has been named president of the division, while Richard Johnston has been named national director of sales. Together, Smith and Johnston now lead a team of 16, operating out of Bedminster and Northborough, Massachusetts.
In his new role as national director of sales, Johnston — based in Bedminster — will lead the sales team in both direct and indirect sales.
Johnston began his time with Peapack Capital in 2017 as senior vice president, capital markets. He has more than 30 years of leasing and structured finance expertise. Prior to joining Peapack Capital, he also served in capital market roles at Sumitomo Mitsui Finance & Leasing, Citizens Asset Finance, AIG Commercial Asset Finance and Siemens Financial Services Inc.
Smith also joined Peapack Capital in 2017 and has more than 30 years’ experience. In his position as president, he will focus on elevating divisional operations and capabilities.
Prior to joining Peapack, Smith managed front and mid-office operational functions, including pricing, structuring, buy/sell syndication, proposal creation, profitability analysis, incentive compensation, closing functions, change management and Infolease system upgrade projects for Sovereign Bank/Santander Bank in an executive level position.
Other roles Smith held included 15 years at Fleet Capital Corp. and, before that, he served as a non-bank equipment lessor at Signal Capital Corp.