We’ve been working hard over the last year to create a website that is both functional and informative. One that tells our story and provides our visitors a true vision of what the Peapack-Gladstone Experience is all about.
We are very proud of our history and have put a strategy and culture in place that ensures we remain true to our founders’ core principles of serving our clients with the highest level of integrity and care. It is our hope that this new website illustrates our commitment. We will continue to enhance the site over time with the goal of always providing our clients with the best possible solutions.
We believe All Banking Should Be Private Banking and I invite you to join in that experience.
Douglas L. Kennedy
President and CEO of Peapack-Gladstone Bank
Market signals have expressed caution since the start of 2016. World equity markets, currencies, credit spreads and the shape of the yield curve have all indicated a deteriorating environment. Ignoring these signals can be perilous, but the market also sometimes gives false signals as well. It is prudent to be more cautious in the face of adverse market signals that are being validated by negative interest rates in Europe and Japan. Evaluating and interpreting recent market action is especially difficult right now. Although there are clear areas of weakness with the manufacturing sector showing signs of contraction, the overall U.S. economy does not seem ready to slip into recession. The U.S. economy generated 2.7 million jobs in 2015 and has averaged 230,000 jobs over the last three months. Labor market conditions continue to improve, and with the recent acceleration of hourly earnings, retail spending should remain solid. If consumer confidence can survive the recent financial market turmoil, retail spending at 3.4% (January) should allow the U.S. economy to continue to grow at a moderate pace and an earnings recovery in the second half of 2016.
PEAPACK-GLADSTONE BANK IS A HIGH-PERFORMING BOUTIQUE BANK, LEADERS IN WEALTH, LENDING AND DEPOSIT SOLUTIONS, KNOWN NATIONALLY FOR UNPARALLELED CLIENT SERVICE, INTEGRITY AND TRUST.