Peapack Capital Appoints Michael Mehosky as Senior Managing Director, National Sales Manager

§ 01 Executive Snapshot

• What: Peapack Capital appoints Michael Mehosky as Senior Managing Director, National Sales Manager.
• Who: Michael Mehosky, Peapack Capital, Peapack-Gladstone Financial Corporation.
• Why it matters: This appointment aims to drive growth and increase originations to $2 billion over the next 18 months.

§ 02 Key Developments

• Michael Mehosky will lead sales strategy across all new client originations at Peapack Capital.
• The objective is to reach $2 billion in originations within the next 18 months.
• Peapack-Gladstone Financial Corporation has total assets of $7.7 billion and assets under management of $13.1 billion as of March 31, 2026.

§ 03 Strategic Context

• Peapack Capital focuses on mid- to large-scale equipment finance and leasing solutions, which are essential for business growth in a competitive market.
• The appointment of a seasoned industry expert like Mehosky reflects the company's commitment to enhancing its national presence and expanding its service offerings.

§ 04 Strategic Implications

• The appointment is expected to lead to disciplined growth and profitability for Peapack Capital as it scales its operations.
• Successful execution of the sales strategy may position Peapack Capital as a stronger player in the equipment finance market.

§ 05 Risks & Constraints

• Potential market fluctuations could impact the ability to achieve the targeted $2 billion in originations.
• Competition in the equipment finance sector may pose challenges to growth and market share expansion.

§ 06 Watchlist / Forward Signals

• Monitor the progress towards the $2 billion origination goal over the next 18 months.
• Future developments in client acquisition strategies and market expansion efforts will signal the effectiveness of Mehosky's leadership.