John Kowal is promoted to Senior Vice President, Senior Technology Officer, Information Technology
Posted February 21, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of John Kowal to Senior Vice President, Senior Technology Officer, Information Technology at Peapack-Gladstone Bank. In his role, Mr. Kowal oversees all technology operations and project management at the Bank. He is responsible for the deployment of new up-to-date technologies, enhancement of clients’ technology experience, improving operational efficiency, and the provisioning of security and cyber threat protection.
Mr. Kowal has 11 years’ of experience in the information technology industry. Prior to Peapack-Gladstone Bank, he served as Technical Architect at Gotham Technology Group; Solutions Architect at All Covered, a Division of Konica Minolta; and Solutions Architect at United Computer. Prior to that, Mr. Kowal also held positions at Princeton Consultants and Montclair State University.
A resident of Manalapan, New Jersey, Mr. Kowal holds a Bachelor’s Degree in Computer Science from Montclair State University. He is a Certified Information Systems Auditor (CISA) and holds three Microsoft Certified Solutions Associate (MCSA) certifications in addition to a Microsoft Certified Solutions Expert (MCSE) certification. Mr. Kowal is a member of the Information Systems Audit and Control Association (ISACA) and New Jersey Bankers Association.
Carolyn Larke is promoted to Senior Managing Director, Senior Trust Officer
Posted February 16, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of Carolyn Larke to Senior Managing Director, Senior Trust Officer, Private Wealth Management at Peapack-Gladstone Bank. Joining Peapack-Gladstone Bank in 2011, she is part of an experienced wealth management team responsible for the administration of private foundations, retirement accounts, estates and trusts.
Ms. Larke began her career managing the trust and estate Tax and Administration areas as a Senior Legal Assistant and Senior Fiduciary Accountant at several New York law firms. She then moved to the Philanthropic Advisory Services area at U.S. Trust Company, also in New York, to start this newly-formed department. As Senior Philanthropic Officer, Carolyn guided individual clients through the compliance and administration issues of charitable trusts and foundations. Leaving New York behind after 25 years, Carolyn joined Beacon Trust Company in Morristown, New Jersey, as a Senior Trust Officer.
Carolyn received her BA in economics and paralegal degree, specializing in estates and trusts, from New York University. She is an enrolled agent, licensed to practice before the Internal Revenue Service since 1986 and is a Certified Financial Planner®. A resident of Oradell, New Jersey, Ms. Larke has served on the boards of several charitable organizations, including the American Heart Association Advisory Board and has volunteered for the AARP Foundation Tax Counseling for the Elderly program in Bergen County.
Peapack-Gladstone Bank Announces Appointment of Executive Vice President, Chief Operating Officer
Posted February 14, 2017
In anticipation of its continued pursuit and execution of its growth strategy “Expanding Our Reach,” Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announced today the appointment of Robert A. Plante to the position of Executive Vice President, Chief Operating Officer, effective later this quarter.
Mr. Plante is a seasoned executive, proficient in tactical and operational leadership within the financial services industry. He has an extensive skill set with a focus on delivering high-value results. Adept at generating business value, Bob is an outstanding team builder and coach with expertise in business alignment, innovation and operations, regulatory compliance, mergers and acquisitions integration and performance management.
Bob most recently served as executive vice president and chief operations officer/chief information officer at IDB New York, a $9.8 billion commercial bank, where he was a member of the credit risk, market risk and asset liability committees. In his role, he was responsible for all back-office support functions including payments, deposits, commercial and residential lending, treasury, custody, commercial cash management and information technology.
“Bob has a tremendous operations and technology background and is already familiar with all of our core vendors in both wealth and retail. His expertise in operations, project management and technology will add considerable depth to our executive team,” stated Doug Kennedy, President and Chief Executive Officer.
An experienced banker, Bob has also held leadership positions at The CIT Group, a global commercial and consumer finance company with $5.6 billion in revenue and more than 7,000 employees in 31 countries, and at GE Capital Global Consumer Finance, where he was a member of the senior management team responsible for technical strategy development and integration, systems selection and implementation, data center consolidation, acquisition due diligence and organizational planning and recruiting.
A resident of Mountain Lakes, New Jersey, Bob holds a Bachelor of Science in Business Administration (B.S.B.A.), Finance, from the University of Vermont. Bob has been recognized as a “Top Innovator” by Information Week and named a “Top 100 CIO” by CIO Magazine. He also has been awarded the “Individual Achievement” award from CancerCare of New Jersey.
Deborah Heins is promoted to Senior Managing Director, Commercial Private Banking, Commercial Real Estate
Posted February 14, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of Deborah Heins to Senior Managing Director, Commercial Private Banking (Commercial Real Estate) at Peapack-Gladstone Bank. Deborah is part of an experienced team that provides Private Banking clients with full banking solutions ranging from commercial lending products to wealth management.
Ms. Heins has over 30 years of experience in the financial services industry which includes a concentration in commercial, commercial real estate and mortgage warehouse lending. In previous roles, Deborah held successful positions at HSBC, Sovereign Bank/Independence Community Bank, Summit Bank and Midlantic Bank.
A resident of Far Hills, New Jersey, Ms. Heins holds a Bachelor of Arts Degree from New York University and is a member of the Somerset County Business Partnership.
Peapack-Gladstone Financial Corporation Elevates Finn M. W. Caspersen, Jr. to Senior Executive Vice President, Chief Strategy Officer and General Counsel
Posted February 13, 2017
In anticipation of our continued growth, Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank (together, “Peapack-Gladstone Bank” or the “Bank”) announce the elevation of Finn M. W. Caspersen, Jr. to the position of Senior Executive Vice President, Chief Strategy Officer and General Counsel.
Finn joined the Bank in March 2004 as Senior Vice President and was promoted to General Counsel in May 2006. He was promoted again to Executive Vice President in January 2008 and was elected to the Board of Directors in April 2012. In March 2013 he was promoted to Senior Executive Vice President and Chief Operating Officer. Finn will continue to serve as Chief Operating Officer until the new Chief Operating Officer joins later this quarter.
“As a key deputy since my arrival and as Chief Operating Officer over the past four years Finn has been integral to the Bank’s restructuring and growth. As we continue to build out our business model I now need Finn to pivot away from day-to-day operations and spend more time with me on strategy,” said Doug Kennedy, President and Chief Executive Officer of Peapack-Gladstone Bank. “Finn is a talented executive and this move will leverage his strengths to drive shareholder value.”
As Chief Strategy Officer and General Counsel, Finn will focus on strategic initiatives including entry into new business lines, pursuit of new revenue opportunities, mergers and acquisitions, and further enhancing the Bank’s already excellent client service. In addition, Finn will have overall responsibility for Human Capital, Enterprise Risk Management and Compliance, Legal and Corporate Governance and Peapack Private, the Bank’s new Private Banking initiative. Finn will continue as an active member of a number of Bank committees as well as the Bank’s Board of Directors.
Finn is a graduate of Harvard College and Harvard Law School and has served as trustee of Cardigan Mountain School, Pomfret School, the Somerset Hills YMCA, the Willowwood Arboretum and the New Jersey Chapter of the Nature Conservancy. Finn was a two-term elected member of the Bedminster Township Committee and has also served on the Bedminster Environmental Commission and the Bedminster Land Use Board. Finn is currently a member of the ABA’s Government Relations Council Administrative Committee and the Somerset County Business Partnership’s Board of Directors.
Diane Makoujy is promoted to Senior Vice President, Corporate Controller at Peapack-Gladstone Bank
Posted February 13, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of Diane Makoujy to Senior Vice President, Corporate Controller at Peapack-Gladstone Bank. In her current role, Diane is part of an experienced financial team responsible for all aspects of Corporate accounting and related controls, policies and procedures at the Company and the Bank.
Ms. Makoujy has over 30 years of experience in the financial services industry. Prior to joining Peapack-Gladstone Bank, she served as Chief Financial Officer for a privately-held information technology consulting firm in Clifton, New Jersey. Previously, she held equally impressive roles as Vice President, Penn Federal Savings Bank, West Orange, NJ; Senior Vice President & Chief Financial Officer, The Bank of Hemet, Riverside CA; Vice President & Controller, East New York Savings Bank, New York, NY; Assistant Vice President, Morgan Guaranty Trust Company, New York, NY; and as Senior Auditor at PricewaterhouseCoopers in Newark, NJ.
Ms. Makoujy has a Bachelor of Science Degree in Business with a concentration in Accounting from Montclair State University and is a Certified Public Accountant.
Glen Corbitt, CFA, CFP® is promoted to Senior Managing Director and Senior Portfolio Manager, Private Wealth Management
Posted February 10, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of Glen Corbitt, CFA, CFP® to Senior Managing Director & Senior Portfolio Manager, Private Wealth Management at Peapack-Gladstone Bank. He is part of the Bank’s experienced financial services team responsible for managing Peapack-Gladstone Bank’s trust and investments function, helping to guide clients with overall wealth advisory services and solutions.
A seasoned financial services executive, Mr. Corbitt has a high performing track record performing 21 years in the wealth management arena. Prior to joining Peapack-Gladstone Bank in 2013, he served as Senior Portfolio Manager with U.S. Trust and its predecessors. In addition, Glen managed U.S. Trust’s (formerly Summit Bank) flagship large and mid-cap growth funds, and prior to that as equity research analyst and head of growth equity research. Prior to joining U.S. Trust, he performed in a corporate accounting role at Rockefeller & Company in New York City.
Before beginning his banking career, Mr. Corbitt was assigned as an officer in the United States Army in Fort Lewis, Washington. A resident of Chatham, New Jersey, Glen holds a Bachelor of Arts degree from Providence College in Rhode Island and an MBA from New York University. He holds the designations of Chartered Financial Analyst and Certified Financial Planner® and is a member of the New York Society of Security Analysts and the CFA Institute.
Erik Vadeika, CFA is promoted to Senior Managing Director and Senior Portfolio Manager, Private Wealth Management
Posted February 8, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of Erik Vadeika to Senior Managing Director and Senior Portfolio Manager, Private Wealth Management at Peapack-Gladstone Bank. He is responsible for growing investment portfolios for high-net-worth clients, also functioning as the equity analyst for the technology sector.
Prior to joining Peapack-Gladstone Bank, Mr. Vadeika served as Portfolio Manager for Beacon Trust and was a member of the stock selection team. He began his career in the credit analysis training program at Midlantic Bank. He was later responsible for portfolios and investments at PNC Wealth Management and the American Stock Exchange. At these positions, he gained extensive experience in analyzing risk, identifying prudent investments and managing expert portfolios of equities, fixed income and alternative investments for individuals, trusts and small institutions.
A resident of Glen Rock, New Jersey, Mr. Vadeika received a Bachelor of Arts degree in Business Management from Gettysburg College. He is a CFA® Charterholder and member of the New York Society of Security Analysts.
David Collum is promoted to Senior Managing Director, Wealth Operations and Delivery, Private Wealth Management
Posted February 7, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of David Collum to Senior Managing Director, Wealth Operations & Delivery, Private Wealth Management at Peapack-Gladstone Bank. In his current role, David is responsible for operations, service delivery and infrastructure for the wealth management business that services high-net-worth individuals, families, foundations, endowments and not-for-profits. Mr. Collum is a member of the leadership team responsible for overall strategy and operational solutions.
Mr. Collum has 26 years of experience in the financial services industry. In the past he served as Division Manager of the Private Wealth Management Personal Custody Division at BNY Wealth Management where he led a team servicing and administering custody assets for clients nationwide. He previously served as Chief Financial officer for the BNY Wealth Management Tri–State region. David also served on the integration executive committee of the Mellon and Bank of New York Private Wealth merger team. In a previous role, Mr. Collum was the Chief Operating Officer of the Bank of New York Private Bank, and prior to that, he held positions as Operations Manager and Senior Custody Officer.
David holds a Bachelor of Arts degree In English Literature/Writing and Business Operations from Fairfield University. He is an active member of the Westfield community where he has coached for many years and has been active in several local charities.
MJ Sully, Esq. is promoted to Senior Managing Director, Senior Fiduciary Specialist, Private Wealth Management
Posted February 6, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of MJ Sully, Esq. to Senior Managing Director, Senior Fiduciary Specialist, Private Wealth Management at Peapack-Gladstone Bank. Ms. Sully joined the Bank in 2007 and is responsible for providing fully integrated solutions to clients and prospects with regard to financial strategies, wealth, tax, and estate planning, as well as other complex client matters.
Ms. Sully began her legal career in private practice and then served for more than 12 years as a government attorney; she was Assistant Municipal Attorney to the Township of West Orange and then Special Probate Counsel to the Essex County Surrogate’s Court and Superior Court of New Jersey, Chancery Division, Probate Part. She is admitted to practice law in New Jersey and Pennsylvania and is a member of the New Jersey Bar Association, Pennsylvania Bar Association and Essex County (New Jersey) Bar Association.
MJ has lectured for the New Jersey Institute for Continuing Legal Education on various topics such as Probate Litigation, Surrogate Practice, Fiduciary Duties, Elective Share, Conservatorships, Guardianships, etc. and was the keynote speaker at the New Jersey Institute for Continuing Legal Education’s 56th Semi-Annual Tax & Estate Planning Forum. She has appeared on the Discovery Channel as a legal expert for the television series, “The Will.”
Ms. Sully received her Bachelor of Arts (BA) Degree from The University of Notre Dame. She also earned a Master of Science in Administration (MSA) from the University of Notre Dame, Mendoza College of Business and a Juris Doctor (JD) from the University of Notre Dame School of Law. As an undergraduate, she was a member of the Women’s National Championship Fencing Team and received the Scholar Athlete Award.
Denise Pace-Sanders is promoted to Senior Vice President, Brand and Marketing Director
Posted January 30, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the promotion of Denise Pace-Sanders to Senior Vice President, Brand and Marketing Director at Peapack-Gladstone Bank. In her current role, she is responsible for developing and promoting the Peapack-Gladstone Bank brand throughout its footprint, ensuring the integrity of the Bank’s message and the consistency of the brand elements and personal energy that they reflect; and additionally establishing and maintaining a consistent image and message throughout all communications, both internally within the organization and externally.
Denise has more than 25 years of advertising and marketing experience, with 20 years dedicated to the financial services industry. Before joining Peapack-Gladstone Bank in 2006, she served as the marketing officer at Unity Bank. Over the years, she held key advertising, marketing, e-commerce and web communications roles at Affinity Federal Credit Union, UnitedTrust Bank (formerly United National Bank) and TD Bank (formerly Commerce Bank). She began her career on the client side of business, working for Wieden+Kennedy, the advertising agency of record for Nike, at their satellite location in Philadelphia, Pennsylvania; followed by J. Caserta and Associates, Mount Laurel, New Jersey, where she represented Showboat Casino Hotel and other clients.
Ms. Pace-Sanders received her Bachelor of Arts degree in Journalism with a concentration in Advertising and Public Relations from the University of South Carolina and earned an Associate of Arts degree in Liberal Arts and Sciences from Raritan Valley Community College. A resident of Branchburg, New Jersey, Denise is a former member of the advisory committee for The Discovery Orchestra as well as a former member of the corporate Advisory committee for The Morris Museum.
Peapack-Gladstone Financial Corporation Reports a Strong Fourth Quater and Year and Declares its Quarterly Cash Dividend
Posted January 30, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:PGC) (the “Company”) recorded record net income of $26.48 million and diluted earnings per share of $1.60 for the year ended December 31, 2016, compared to $19.97 million and $1.29, respectively, for the year ended December 31, 2015, reflecting increases of $6.51 million or 33 percent, and $0.31 per share or 24 percent, respectively.
For the quarter ended December 31, 2016, the Company recorded net income of $7.31 million and diluted earnings per share of $0.43, compared to $4.34 million and $0.28 for the same quarterly period last year, reflecting increases of $2.97 million, or 68 percent, and $0.15 per share, or 54 percent, respectively.
During the fourth quarter of 2015 the Company recorded $2.5 million of charges related to the closure of two branch offices. These charges reduced pretax income by $2.5 million, net income by $1.6 million and diluted earnings per share by $0.10 per share, for both the 2015 year and 2015 fourth quarter.
The 2016 year and 2016 fourth quarter, when compared to the same periods in 2015, reflected improved net interest income, wealth management fee income, and other non-interest income. Expenses for 2016 included increased FDIC premiums, increased investment in risk management related analytics and practices, and increased salary and benefits associated with strategic hiring which was in line with the Company’s Strategic Plan.
Peapack-Gladstone Bank Named 2016 SBA Breakthrough Lender of the Year
Posted January 27, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the Bank has been awarded the Small Business Administration New Jersey District Office’s #1 Breakthrough Lender of the Year. “We believe that small businesses are the engine that drives the U.S. economy, and our goal is to assist start-up small businesses owners in securing the funding needed to build and expand their companies,” said Andrew Glatz, Senior Managing Director and Head of Peapack-Gladstone Bank’s SBA Lending Division. The Bank was recognized for its accomplishment at the U.S. Small Business Administration Annual Lender Awards Ceremony held on Thursday, January 26 at Forsgate Country Club in Monroe Township where Andrew Glatz received the award on behalf of the Bank.
“We became a client of Peapack-Gladstone Bank in 2016, with a Small Business Administration real estate loan,” stated Paul Nix, Ph.D., President and CEO of Princeton Separations, Inc. located in Freehold, New Jersey. A biotech manufacturing company since 1984, Princeton Separations is now a major world-class provider of biomolecular separation systems used in DNA sequencing for molecular biologists in hospitals, forensics and research labs throughout the world. Dr. Nix says, “As a new client, I was impressed with the Bank’s business etiquette. They have been great partners, and we are very happy about our decision.”
In August 2016, Peapack-Gladstone Bank also earned the Small Business Administration Preferred Lender status enabling the Bank to provide streamlined financial assistance and expedited loan processing for its small business clients. The quick turnaround time enables Peapack-Gladstone Bank to provide funds rapidly, helping vibrant small business communities grow and prosper. Peapack-Gladstone Bank is one of only a small number of New Jersey Banks with the PLP (Preferred Lenders Program) designation.
Peapack-Gladstone Bank’s commitment toward assisting small business in creating jobs and economic opportunities across the State is deeply engraved in their culture. As stated by Glatz, “We will continue to work diligently in concert with small business in the future development of New Jersey’s economy and communities.”
Peapack-Gladstone Bank Sponsorships Provide for Affordable Housing
Posted January 26, 2017Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank have announced financial sponsorships through the Federal Home Loan Bank of New York to support the construction of safe and decent affordable housing for low-income households. Combined with the Bank’s client, Ingerman, a leading developer, builder and manager of award-winning multi-family communities throughout the Mid-Atlantic Region, the awarded financial support of construction will enrich New Jersey’s communities while providing for those most in need.
The first award to Ingerman in the amount of $525,000 will assist in the development of The Residences at Symphony Hall, a 4-story, 60-unit affordable rental community located in Newark, Essex County, New Jersey. Approved through the 2016 Affordable Housing Program (AHP), this project will contain 20 one-bedroom and 40 two-bedroom low-income units. Fifteen units will be allocated for residents with special needs, six units for individuals with mental illness, and nine for homeless individuals with a disability. The remainder of the units will be marketed to the growing artistic community.
The second Federal Home Loan Bank AHP sponsorship of $355,000 will be utilized in the development of The Willows at Westampton project, a 72-unit affordable multi-family rental community located within the Township of Westampton, Burlington County, New Jersey. This project consists of six three-story residential buildings and one stand-alone community building. The Willows at Westampton will also contain five special needs units to be utilized by formerly homeless individuals.
Through the Federal Home Loan Bank of New York, Peapack-Gladstone Bank is proud to be a sponsor of Ingerman, in providing high-quality, state-of-the art construction of both The Residences at Symphony Hall and The Willows at Westampton providing vital low-income housing and enriching residential communities within the State of New Jersey.
John Raleigh Joins Peapack-Gladstone Bank
Posted January 25, 2017
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of John Raleigh, Senior Managing Director, Commercial Private Banking at Peapack-Gladstone Bank. Located in Darien, Connecticut Mr. Raleigh is responsible for the market growth in the Connecticut, New York and New England markets providing exceptional client service through the Bank’s unique private banking approach.
“John and I began our careers together, and it is great to team up with him again at Peapack-Gladstone Bank. He is a great asset in delivering the Peapack-Gladstone Bank experience of superior service to the Connecticut market,” states Doug Kennedy, President and Chief Executive Officer.
Mr. Raleigh has over 30 years of financial services experience holding key positions in the middle market, corporate, leverage finance and asset-based banking segments. Prior to joining Peapack-Gladstone Bank, Mr. Raleigh worked at Citibank as the Region Manager of Upper Middle Market Banking for the Florida, New York and Connecticut markets. He also served as a Senior Credit Officer and instructor to the Bank’s Commercial Risk Management Program. Prior to that, John was Vice President, Northeast Region for HSBC in New York where he was named Officer of the Year multiple times for outstanding performance. He held equally impressive roles at Sanwa Business Credit, Fleet Capital Corporation and Coast Business Credit covering the Northeast markets. John started his career at JPMorgan Chase in New York where he completed formal credit training.
A resident of Darien, Connecticut, Mr. Raleigh holds an MBA in Finance from Iona College and BBA in Accounting, Finance and Mathematics from Pace University. He is a Board and Finance Committee member of the Laurel House, Stamford, Connecticut and is engaged in other charities including build-On, Habitat for Humanity and Malta House.