Peapack Private Expands New York Commercial Banking Team with Veteran Hire
Peapack Private Bank has strengthened its New York commercial banking presence by hiring Alex Lurye, a seasoned banking executive with over 23 years of experience managing multi-billion dollar portfolios.
Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have announced the addition of Alex Lurye to their New York-based commercial banking team as Senior Managing Director. This strategic hire signals the bank's commitment to expanding its commercial banking footprint in the competitive New York market and leveraging Lurye's extensive experience in managing substantial commercial lending portfolios.
Lurye brings more than 23 years of commercial lending expertise across New York, Westchester, and Long Island markets to Peapack Private. His most recent position was as Senior Credit Officer of NYC Lending at Valley National Bank, where he oversaw multiple underwriting teams managing a portfolio of $4 billion in commitments and $2.7 billion in outstandings. This background in managing large-scale commercial lending operations positions him to significantly contribute to Peapack Private's growth objectives in the New York region.
Prior to his role as Senior Credit Officer, Lurye held key leadership positions at Valley National Bank, including Division Head of NY Commercial Banking, where he directed group performance in budgeting, production, and portfolio management. He also served as Team Leader of NY Commercial Banking, leading a team of relationship managers focused on driving growth in loans, deposits, and fee income. His career development includes significant roles at Santander Bank and Wells Fargo, both based in New York, where he honed his credit and relationship banking skills.
The hiring comes as Peapack-Gladstone Financial Corporation, with total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025, continues to strengthen its commercial banking capabilities. Founded in 1921, Peapack Private Bank & Trust operates as a commercial bank with a client-centric approach, offering high-quality products along with customized and innovative wealth management, investment banking, and commercial and personal banking solutions. More information about the bank's services can be found at https://www.peapackprivate.com.
Lurye's educational background includes a Bachelor of Arts degree in Business Management and Finance, with a minor in Philosophy, from Brooklyn College in Brooklyn, NY. His combination of technical banking expertise and philosophical training suggests a well-rounded approach to commercial banking that aligns with Peapack Private's emphasis on customized client solutions and innovative banking approaches.
The addition of Lurye to Peapack Private's New York team represents a significant investment in the bank's commercial banking division and demonstrates the institution's focus on attracting top talent to drive growth in key markets. His experience managing multi-billion dollar portfolios and leading commercial banking teams positions him to make immediate contributions to the bank's commercial lending operations and client relationship development in the competitive New York banking landscape.