Peapack-Gladstone Bank, based in Bedminster, New Jersey, appointed Elisa DePalma, to the role of senior vice president, head of commercial closing, credit risk management. Working out of the bank’s Teaneck location, DePalma oversees management of the Commercial Closing Department.
DePalma is responsible for management and oversight of the team whose core functions are loan closing and funding, documentation preparation and ordering third-party due diligence. Her focus is to improve the closing process and provide excellent service to Peapack-Gladstone Bank clients.
She also supports the closing of commercial loans in several lines of business at the bank including investment banking, commercial real estate (CRE), multifamily lending, commercial and industrial (c&i) lending, wealth management and community banking.
Previously, DePalma served as senior vice president, commercial closing department, commercial real estate for Capital One, National Association in Fairfield, New Jersey, where she elevated and streamlined closing processes resulting in improved client experience. Prior to that at Citigroup Global Markets Realty Corp., New York, New York, DePalma was director, commercial mortgage finance for commercial mortgage-backed securities where she was actively involved in $20 billion of commercial loans from application and commitment to closing.
DePalma holds a Bachelor of Arts degree from Douglass College, Rutgers State University and Juris Doctor from Shepard Broad College of Law, Nova Southeastern University, Fort Lauderdale, Florida. She holds licenses to practice law in both New Jersey and Florida.
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