Peapack-Gladstone Financial Corporation announced the appointment of Patrick Scatuorchio as Senior Vice President, Business Development at Peapack Capital, the equipment finance subsidiary of Peapack-Gladstone Bank. Working out of the organization’s Red Bank, NJ location, Scatuorchio joins Peapack-Capital’s team of experienced equipment finance and leasing professionals.

With over 40 years of experience in the equipment finance industry, Scatuorchio’s knowledge and experience are invaluable to the institution. He most recently served as Vice President, Territory Manager at Wells Fargo Equipment Finance, Inc. where he spent the last 12 years originating equipment finance transactions across New Jersey, Long Island, Eastern PA and Delaware. Prior to that as Vice President at Tygris Equipment Finance, Scatuorchio was instrumental in establishing the Northeast Region for the newly formed equipment finance subsidiary of Aquiline Partners hedge fund. Additional equipment finance and leasing experience include positions as Vice President, Healthcare Finance at CIT Equipment Finance; District Manager, GE Capital; and Vice President, Intermediate Funding, Finova Capital Corporation (formerly Bell Atlantic Tricon).

Scatuorchio holds a Bachelor of Science Degree in Finance from American University in Washington, D.C. and an MBA in Business Administration and Finance from the University of Baltimore.