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Dr. Zoya Faynleyb, CAMS, CRCM, CAFP Joins Peapack-Gladstone Bank as Senior Vice President, Deputy Chief Risk Officer, BSA/AML/OFAC Officer

Posted January 31, 2023

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) is proud to announce the appointment of Dr. Zoya Faynleyb, CAMS, CRCM, CAFP as Senior Vice President, Deputy Chief Risk Officer.  Working out of the organization’s Bedminster, New Jersey location, Dr. Faynleyb joins Peapack-Gladstone Bank’s experienced team of risk and compliance professionals.  As the Deputy Chief Risk Officer, she is the Bank’s board approved BSA/AML/OFAC Officer, responsible for compliance with the Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Asset Control and all related regulations.  Dr. Faynleyb directly supervises the BSA/AML/OFAC team and assists in overseeing Peapack-Gladstone Bank’s Risk Management Program.

With over 20 years of expertise in banking and financial services, risk management and compliance, Dr. Faynleyb’s knowledge and experience are invaluable to the institution.  She most recently served as Director of AML & Sanctions at a Fortune 500 fintech company where she oversaw the AML compliance activities of regulated financial institutions and subsidiaries of the company, and managed corporate initiatives, including regulatory change management, governance, training, communication with regulators, and development of new processes.  Prior experience also includes positions as Chief Compliance, BSA & Security Officer at three community banks in Pennsylvania and New York. 

Read more about Dr. Zoya Faynleyb, CAMS, CRCM, CAFP.

Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results, as Net Interest Margin Continues to Expand

Posted January 27, 2023

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its fourth quarter 2022 results.

This earnings release should be read in conjunction with the Company’s Q4 2022 Investor Update, a copy of which is available on our website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov

The Company recorded total revenue of $64.85 million, net income of $20.58 million and diluted earnings per share (“EPS”) of $1.12 for the quarter ended December 31, 2022, compared to revenue of $56.17 million, net income of $14.86 million and diluted EPS of $0.78 for the three months ended December 31, 2021.

The Company’s return on average assets, return on average equity, and return on average tangible equity totaled 1.33%, 15.73% and 17.30%, respectively, for the December 2022 quarter, reflecting significant increases from the December 2021 quarterly levels. 

The December 2022 quarter results were driven by continued improvement in net interest income and net interest margin, which improved $10.8 million and 66 basis points, when compared to the December 2021 quarter (and $2.5 million and 14 basis points when compared to the September 2022 quarter). This increase was partially offset by a decline in noninterest income, principally wealth management fee income and capital markets activity fee income, due to volatility in the markets.

Read more about our strong fourth quarter results.

Peapack-Gladstone Bank Announces the Winner of “Neighme” that Horse!

Posted January 25, 2023

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the winner of its “Neighme” that horse contest.  Held at the Bank’s Boonton branch charity Christmas tree sale, visitors submitted names for the two horse statues that adorn the property.  And the winner is?  Eleven-year-old Mikayla Gadaleta, who banked on “Noble” and “Liberty” for the win! Mikayla is an avid horse enthusiast and rider, so this contest was right up her ally!  Both she and her family joined many others in the community who entered the contest while selecting the perfect holiday tree at the Bank’s annual charity tree sale.  This year’s event helped raise over $30,000 to benefit youth mental health programs at the Lakeland Hills Family YMCA. 

Peapack-Gladstone Bank welcomes you to stop at its picturesque, one-of-a-kind branch located at 104 Ely Place in Boonton, chat with the staff, and learn about all the Bank has to offer, not only with your financial needs, but in supporting its communities.  In the meantime, many thanks to everyone who submitted a name.  Hope it was as much fun for you as it was for the judges who weighed your choices!



Douglas L. Kennedy Reelected as a Class A Director to New York Fed Board of Directors

Posted December 23, 2022

The Federal Reserve Bank of New York announced that Douglas L. Kennedy, president and chief executive officer of Peapack-Gladstone Bank, has been reelected as a Class A director representing Group 2, which consists of banks with capital and surplus of $40 million to $2 billion. Mr. Kennedy will serve a three-year term ending December 31, 2025.

Mr. Kennedy leads Peapack-Gladstone Bank’s wealth, lending and deposit lines of business, along with its branding, human capital, operations and technology functions. Mr. Kennedy sits on Sacred Heart’s board of trustees and is also a member of Montclair State University’s board of trustees. He serves on the boards of the New Jersey Bankers Association and New Jersey Chamber of Commerce. Mr. Kennedy was elected to the Board of Directors of the Federal Reserve Bank of New York (New York Fed) in January 2020.

Mr. Kennedy is a graduate of Sacred Heart University in Fairfield, Connecticut with a bachelor’s degree in economics and an MBA in finance.

Patrick Scatuorchio Joins Peapack Capital as Senior Vice President, Business Development Officer

Posted December 22, 2022

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) is proud to announce the appointment of Patrick Scatuorchio as Senior Vice President, Business Development at Peapack Capital, the equipment finance subsidiary of Peapack-Gladstone Bank.  Working out of the organization’s Red Bank, New Jersey location, Mr. Scatuorchio joins Peapack-Capital’s team of experienced equipment finance and leasing professionals.

With over 40 years of experience in the equipment finance industry, Mr. Scatuorchio’s knowledge and experience are invaluable to the institution.  He most recently served as Vice President, Territory Manager at Wells Fargo Equipment Finance, Inc. where he spent the last 12 years originating equipment finance transactions across New Jersey, Long Island, Eastern PA and Delaware.  Prior to that as Vice President at Tygris Equipment Finance, Patrick was instrumental in establishing the Northeast Region for the newly-formed equipment finance subsidiary of Aquiline Partners hedge fund.  Additional equipment finance and leasing experience include positions as Vice President, Healthcare Finance at CIT Equipment Finance; District Manager, GE Capital; and Vice President, Intermediate Funding, Finova Capital Corporation (formerly Bell Atlantic Tricon).


Peapack-Gladstone Banks Boonton Christmas Tree Sale Supports Lakeland Hills Family YMCA

Posted December 22, 2022
This holiday season, Peapack-Gladstone Bank (PGC) presented its 2nd Annual Boonton Christmas Tree Sale to benefit charity.  Held on November 25 through December 9, this sale was entirely orchestrated by Peapack-Gladstone Bank volunteers who took pride in making the holidays merry and bright for many local individuals and families.  The Bank’s Boonton location at 104 Ely Place was the perfect backdrop to showcase a wide variety of live trees, in various species and sizes.  One hundred percent of this year’s sales totaling $30,607 were donated to youth mental health programs offered by the Lakeland Family YMCA in Mountain Lakes; and each year, a new community beneficiary will be named.
 

The Peapack-Gladstone Bank live tree sale was reminiscent of past sales sponsored by the local Kiwanis Club, bringing back an old-fashioned quality and annual tradition to the community.  “It was wonderful to see the large number of families that came out to enjoy the festive ambiance and browse amongst the 300 trees offered for sale,” said Robert Plante, Executive Vice President and COO at Peapack-Gladstone Bank. 

Read more about the Christmas tree sale.


Archives

Posted on December 22, 2021 - Peapack-Gladstone Bank Gives Back this Holiday Season

Posted December 16, 2021 - Peapack-Gladstone Bank’s Return of the Boonton Christmas Tree Sale Supports nourish.NJ

Posted December 1, 2021 - Peapack-Gladstone Bank Hires Katherine M. Dickenson, Esq. as Senior Managing Director, Assistant General Counsel

Posted December 1, 2021 - Peapack-Gladstone Bank Earns 2021 Best Banks to Work For Recognition

Posted November 18, 2021 - Peapack-Gladstone Bank Celebrates Company’s 100th Anniversary through Volunteerism

Posted November 18, 2021 - Brandon J. Smith Joins Peapack Capital as Senior Vice President, Head of Asset Management

Posted November 18, 2021 - Peapack-Gladstone Bank Hires Brenda Boyce, Vice President, Senior Credit Underwriter at Peapack Capital

Posted November 8, 2021 - Peapack-Gladstone Bank Brings Back Boonton Christmas Tree Sale Tradition

Posted October 28, 2021 Peapack-Gladstone Bank Corporation Reports Third Quarter Results, as Record Wealth Management Fee Income Drives Total Fee Income to 34% of Total Revenue

Posted September 1, 2021 Peapack-Gladstone Bank Hires Senior Managing Director, Market President

Posted July 28, 2021 Peapack-Gladstone Financial Corporation Reports Strong Second Quarter Results, Driven By Increased Wealth Management Fee Income, Strong Loan Growth And Margin Expansion

Posted July 1, 2021 Peapack Private Wealth Management Acquires Princeton Portfolio Strategies Group

Posted May 27, 2021 Peapack-Gladstone Bank Hires Senior Vice President, Director of Residential and Consumer Lending

Posted May 12, 2021 Peapack-Gladstone Financial Corporation to Acquire Princeton Portfolio Strategies Group

Posted April 27, 2021 Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend

Posted April 26, 2021 Jacqueline Reyes is promoted to Senior Vice President, BSA/AML/OFAC Officer at Peapack-Gladstone Bank

Posted April 19, 2021 Peapack-Gladstone Bank Turns 100 in 2021

Posted April 12, 2021 Peapack-Gladstone Bank Now Open in Boonton, NJ

Posted April 5, 2021 - Matthew Remo is Promoted to Senior Vice President, Director of Strategy and Development at Peapack-Gladstone Bank

Posted March 16, 2021 Peapack-Gladstone Bank to Open a New Location

Posted February 10, 2021 Peapack Private Investment Banking Advises on the Sale of Randall Farms

Posted February 2, 2021 Peapack Gladstone Financial Corporation Reports Fourth Quarter and Full Year Results and Announces a 5% Stock Repurchase Program















Posted December 23, 2019 Douglas L. Kennedy, President and CEO of Peapack-Gladstone Bank Appointed to Federal Reserve Bank of New York Board of Directors















Posted January 24, 2019 Peapack-Gladstone Bank Announces New Hires