Professional Services







Professional Services 


The Professional Services team is a specialty group within the Commercial Banking division that provides a full suite of loan and deposit products to Professional Services firms of all sizes, specializing in handling the banking needs of Law, Accounting, and other similar firms as well as those of its partners.

Loan Size:

  • $3 million to $25 million

Client Profile:

  • In market footprint: primarily firms located within the tri-state area or with primary offices in New Jersey; New York and surrounding areas
  • Firms with annual revenues of $3 million or higher with special exceptions

Products:

For the Firm:

    • Lines of Credit for working capital
    • Capital equipment loans for the acquisition of fixed assets and for leasehold improvements
    • Case cost financing
    • Mortgage loans for owner-occupied real estate. Practice-acquisition loans
    • Shareholder buy-out loans
    • Stand-by Letters of Credit for rent security
    • Customized escrow deposit products for both IOLTA/IOLA and client interest bearing finds
    • A full suite of customized Treasury Management solutions including online wire/viewing capabilities and fraud protection services

For the Partner:

    • Personalized loan, deposit, and investment services including access to our Peapack Private Wealth Management Financial Planners
    • Dedicated Professional Services point of contact
      • The same individual who handles the needs of the firm(s) also handles those of its partner
    • Partner capital loans to allow new equity partners to buy into their firms or enable existing Partners to increase their contributed capital