Peapack Private Bank & Trust has appointed Tim Juliano as a Senior Managing Director in its commercial banking division, specifically focusing on expanding the bank's presence on Long Island. This appointment represents a strategic move by the financial institution to strengthen its position in the competitive Long Island banking market through experienced leadership. Juliano brings an impressive 37-year career in commercial banking, most recently serving as a senior vice president at Flagstar Bank, where he managed a portfolio of over 50 relationships that peaked at $440 million in deposits and $350 million in credit commitments.
In his new role, Juliano will lead a team of relationship managers and be responsible for growing Peapack Private's market share. His extensive background includes senior leadership positions at several notable financial institutions, including Dime Community Bank, Sterling National Bank, and Capital One Bank. The bank's expansion strategy relies on leveraging Juliano's deep industry knowledge and relationship-building skills to attract new commercial clients. His banking career originated with foundational roles at Manufacturers Hanover Trust, Chemical Bank, and Chase Manhattan Bank, where he developed expertise in business banking and relationship management that will be crucial for Peapack Private's growth objectives.
The appointment comes as Peapack-Gladstone Financial Corporation continues to expand its client-centric banking approach through strategic leadership appointments. With total assets of $7.1 billion and assets under management of $11.8 billion as of March 31, 2025, the corporation is positioning itself for increased market penetration in the Long Island region. Juliano's community connections, including his service as an ex-captain with the Hauppauge Volunteer Fire Department, provide additional local insight that could benefit the bank's expansion efforts. His educational background includes a Bachelor of Arts in economics from the State University of New York Stony Brook, which complements his practical banking experience.
This leadership appointment matters because it signals Peapack Private Bank & Trust's serious commitment to expanding its commercial banking operations in a key geographic market. The banking industry has seen increased competition in the Long Island region, making experienced leadership crucial for successful market entry and growth. Juliano's proven track record in managing substantial commercial portfolios at institutions like Flagstar Bank suggests he possesses the necessary skills to execute the bank's expansion strategy effectively. The implications extend beyond immediate market share growth, potentially influencing the competitive landscape of Long Island banking as established institutions respond to new market entrants with strong leadership.
The strategic importance of this appointment lies in the timing and targeting of Peapack Private's expansion efforts. Long Island represents a significant commercial banking market with diverse business needs that align with the bank's service offerings. By appointing a banking veteran with Juliano's credentials and local knowledge, the institution is positioning itself to capture market share from both larger national banks and smaller regional competitors. This move reflects broader trends in the banking industry where institutions are increasingly focusing on specific geographic markets and leveraging experienced leadership to drive growth. The success of this expansion initiative could influence Peapack Private's future growth strategies in other markets and demonstrate the effectiveness of their client-centric approach to commercial banking.
