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Peapack-Gladstone Bank Earns 2021 Best Banks to Work For Recognition

Posted December 1, 2021

For the fourth year in a row, Peapack-Gladstone Bank (NASDAQ Global Select Market: PGC) has been named one of the Best Banks to Work For in 2021 by American Banker.
The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes and honors U.S. banks for outstanding employee satisfaction. Full results of this year’s program are available at American Banker and in the November issue of American Banker Magazine.

“This list calls attention to institutions that have gone above and beyond to invest in employees' personal and professional growth,” said Bonnie McGeer, executive editor of American Banker.

Determining the Best Banks to Work For is a two-step process. The first step involves an evaluation of participating companies’ workplace policies, practices, and demographics. In the second step, employee surveys are conducted to directly assess the experiences and attitudes of individual employees with respect to their workplace. The combined scores determine the top banks and the final ranking.

Overall, 90 banks earned a spot on the list this year.
“I’m so proud that we continued to receive this acknowledgement each year because it is based on employee feedback,” said Doug Kennedy, president and chief executive officer of Peapack-Gladstone Bank. He continued, “The fact that our employees consider working here fulfilling, and they consider each other family is amazing. Even through the pandemic we were able to keep our culture alive and thriving.”

Peapack-Gladstone Bank Celebrates Company’s 100th Anniversary through Volunteerism

Posted November 18, 2021

As Peapack-Gladstone Bank celebrates their centennial, the Company continues to pursue the original mission established by its founders in 1921:  to provide value-added banking services and strength to the communities it serves.  To commemorate its 100th Anniversary and legacy, the Bank set a goal to complete 100 employee community service efforts in 2021. “It’s impressive that our people have far exceeded the high bar we set for our anniversary challenge, completing over 315 service projects,” said Doug Kennedy, President and CEO.  “What is humbling is the commitment and caring amongst our staff.”

 Peapack-Gladstone Bank’s foundation, is based on five core principles, and their Principle #4, “Invested in our Community” has never gone out of style.  Each and every year, the Bank supports hundreds of organizations through monetary donations, collections of tangible goods and countless hours of volunteerism.  The Company’s philanthropy and outreach have provided support services for Atlantic Healthcare Visiting Nurse, the United Way of Northern New Jersey, nourish.NJ, America’s Grow-a-Row and the United Way of Northern of New Jersey to name a few.  “We are proud of the efforts our employees have made to continue the Bank’s legacy of service through these volunteer outreach projects” said Rosanne Schwab, Public Relations Manager.  “Volunteering not only helps the nonprofit, it also gives our employees an opportunity to work together to help improve the quality of life in our municipalities.” 

The purpose of Peapack-Gladstone Bank’s volunteer program is to touch our communities, with one voice, and make a lasting impact as a community partner.  So, to end this year of celebration of service, the Bank will continue its commitment of moving forward, and giving back, in the next 100 years.

Read more about our volunteer program

Brandon J. Smith Joins Peapack Capital as Senior Vice President, Head of Asset Management

Posted November 18, 2021
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of Brandon J. Smith, Senior Vice President, Head of Asset Management, at Peapack Capital, a subsidiary of Peapack-Gladstone Bank. Based out of the Bank’s Short Hills, NJ location, Brandon is responsible for all aspects of the asset management function at Peapack Capital including equipment valuations and reviews, portfolio analyses, end of lease negotiations, equipment inspections and dispositions. Mr. Smith takes on this role as successor to David Santom, Peapack Capital’s current Head of Asset Management, who is retiring after more than 35 years in the industry.

With over 30 years of experience in the equipment finance industry, Mr. Smith’s knowledge and experience are invaluable to the institution. He most recently served as Vice President, Asset Management Group Leader at Investors Bank Equipment Finance in Iselin, NJ. Brandon was responsible for creating collateral valuation studies and residual development for all lease and loan transactions and developing and maintaining relationships with industry experts, appraisers and secondary market equipment dealers and broker networks.

Read more about Brandon J. Smith


Peapack-Gladstone Bank Hires Brenda Boyce, Vice President, Senior Credit Underwriter at Peapack Capital

Posted November 18, 2021
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of Brenda Boyce, Vice President, Senior Credit Underwriter at Peapack Capital, a subsidiary of Peapack-Gladstone Bank. Ms. Boyce is responsible for credit and underwriting functions at Peapack Capital which focuses on equipment financing and leasing.

Ms. Boyce brings to the Bank 31 years of financial services experience focused on credit and project management and client service. She previously served as Vice President, Senior Portfolio Manager II at Citizens Asset Finance, a division of Citizens Bank, N.A. She was responsible for effective credit and risk administration with particular emphasis on adherence to credit policy, financial analysis/modeling, risk evaluation, ongoing portfolio maintenance and client support for an Asset Finance portfolio comprised of Middle Market and Mid-Corporate clients.

Peapack-Gladstone Bank Brings Back Boonton Christmas Tree Sale Tradition

Posted November 8, 2021
Peapack-Gladstone Bank announces the nostalgic return of the annual Boonton Christmas tree sale.  This holiday event will highlight the rich history of the community and is reminiscent of past tree sales sponsored by the local Kiwanis Club of Boonton.  To be held at the Bank’s newest retail location at 104 Ely Place, one hundred percent of this year’s proceeds benefit nourish.NJ in Morristown, supporting their efforts to alleviate homelessness and hunger in our municipalities.
 

Beginning at Noon on November 26, families can choose from a selection of approximately 250 trees, in a wide variety of species, ranging from 5 to 12 foot.  Credit or debit card payments only.  Once your selection is made, volunteers net and prepare your holiday selection for transport. Sale times are 4:00 to 8:00 pm Monday through Friday and 12 Noon to 8:00 pm on Saturday and Sunday.


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

Posted October 28, 2021
For the nine months ended September 30, 2021, the Company recorded total revenue of $154.13 million, net income of $41.77 million and diluted earnings per share (“EPS”) of $2.15 compared to revenue of $143.22 million, net income of $23.16 million and diluted EPS of $1.22, respectively, for the same nine-month period ended September 30, 2020. The revenue improvement was driven by increased wealth management fee income, net interest income and gain on the sale of SBA loans, partially offset by reduced gain on sale of PPP loans.

For the quarter ended September 30, 2021, the Company recorded total revenue of $52.99 million, net income of $14.17 million and diluted earnings per share (“EPS”) of $0.74, compared to revenue of $52.36 million, net income of $13.55 million and diluted EPS of $0.71, respectively, for the same three-month period ended September 30, 2020.

Archives


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 29, 2021 Peapack-Gladstone Financial Corporation Reports Strong First Quarter Results, Driven By Noninterest Income Totaling 36% Of Total Revenue

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

Posted January 17, 2019 Peapack-Gladstone Bank Hires Paul Boudreau