Peapack-Gladstone Financial Corporation has announced the appointment of John P. O’Gorman as senior vice president, head of special assets at Peapack-Gladstone Bank.
Working out of the bank’s headquarters in Bedminster, O’Gorman’s primary role includes managing various workout situations and processes for the bank. Responsibilities also include managing the workout portfolio, recommending risk rating changes and impairment levels to executive management, negotiating with borrowers, developing workout strategies, assisting with policy and procedure updates and other credit-related matters.
An accomplished financial professional, O’Gorman brings 35 years of banking experience, previously serving as workout director at Santander Bank, where he was responsible for the workout portfolio management, note sales and OREO management. Prior to that, he served as senior director, special assets at Capital One Bank; director of mergers & acquisitions at Alcatel-Lucent; and held various executive roles at Wells Fargo Bank.
O’Gorman is a resident of Green Township in Sussex County. He earned a bachelor’s degree from Belmont Abbey College and a master’s degree in management/finance from Babson College.
About Peapack-Gladstone Bank
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.5 billion and assets under management and/or administration of $10.4 billion as of March 31. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, investment banking, commercial and retail solutions to businesses and consumers. Peapack-Gladstone Bank is a longtime NJBIA member.