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Peapack-Gladstone Financial Corp (PGC) is a well-established New Jersey bank holding company founded in 1921 and operates primarily through its subsidiary, Peapack-Gladstone Bank. The bank provides a comprehensive suite of commercial and private banking services to businesses, non-profits, and consumers. With a focus on high-quality client service and integrity, the bank has built a reputation for excellence in wealth management, lending, and deposit solutions.
The company operates through two main segments: Banking and Peapack Private. The Banking segment delivers a range of services including commercial real estate loans, multifamily and residential lending, consumer loans, deposit generation, and internet banking services. The Peapack Private division offers asset management services, personal trust services, administration, custody, guardianship, and other financial planning and advisory services for individuals and institutions.
Peapack-Gladstone Bank maintains several private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey. It is known nationally for its unparalleled client service and trust. The bank also offers its high-performing boutique banking services through an extensive retail network and online platforms.
Recent achievements highlight the promotion of Heather Gibbs to Senior Vice President, Enterprise Risk and Information Security Officer. In addition, the bank is expanding its footprint into New York City with the active recruitment of experienced financial professionals. Under the leadership of Jeanne Scungio, the bank aims to bring its distinctive private banking services to the competitive New York marketplace.
Moreover, Peapack Private Investment Banking continues to make significant strides, recently participating in the successful transition of Super Stud Building Products Inc. to EB Metals Inc. This move demonstrates the bank's commitment to growing middle-market companies and ensuring the legacy of their clients is preserved and expanded.
As of March 31, 2023, Peapack-Gladstone Financial Corporation boasts total assets of $6.5 billion and assets under management and/or administration of $10.4 billion. The company’s strategic approach and diverse service offerings position it as a leader in the industry, redefining client-centric banking and wealth management solutions.
For more information, visit their websites at www.pgbank.com and www.peapackprivate.com.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has announced the promotion of Amy M. Long to Senior Managing Director and Chief Administrative Officer at Peapack Private Wealth Management. With over 20 years in financial services, Ms. Long has a significant role in managing business analytics, MIS reporting, and budgeting. Peapack-Gladstone Financial, founded in 1921, has $6.3 billion in total assets and $10.7 billion in assets under management as of March 31, 2022. The bank focuses on innovative wealth management and investment solutions.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has promoted Lisa Ciampi to Senior Vice President and Head of Operations at Peapack-Gladstone Bank. With 30 years of experience in financial services, Ciampi will oversee all banking operations, including over 100 projects in loan management, treasury, and electronic banking. The company reported total assets of $6.3 billion and $10.7 billion in assets under management as of March 31, 2022. This leadership change aims to enhance workflow and strengthen operations.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced the promotion of Nicole Bonanno to Senior Managing Director and Director of Client Service for its wealth division, effective immediately. Based in Bedminster, NJ, she will oversee client service professionals and collaborate on strategic initiatives. Bonanno previously managed client operations after the acquisition of Quadrant Capital Management in 2017. Peapack-Gladstone Financial holds total assets of $6.3 billion and manages $10.7 billion as of March 31, 2022.
Peapack-Gladstone Financial Corporation (PGC) reported strong Q1 2022 results with total revenue of $54.33 million and net income of $13.44 million, marking increases from Q1 2021. Diluted EPS rose to $0.71 from $0.67. Loan growth was robust at 6% quarterly and 21% year-over-year, totaling $5.15 billion. Wealth management fee income surged 22% to $14.8 million. However, a $6.6 million loss on securities sales and severance costs reduced net income. The Company also repurchased 300,000 shares, maintaining strong capital ratios above regulatory standards.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced that its investment banking division, Peapack Private Investment Banking, acted as the exclusive financial advisor to D’Artagnan, Inc. on its sale to Fortune International, an Investcorp portfolio company. While financial terms remain undisclosed, the deal marks the culmination of a three-year partnership. D’Artagnan, known for its sustainable food sourcing, was praised for its unique value, and Peapack Private's expertise in the food industry was highlighted. The bank, with total assets of $6.1 billion, continues supporting middle market companies through various corporate advisory solutions.
Peapack-Gladstone Financial Corporation (PGC) announced its investment banking division, Peapack Private Investment Banking, played a key role in the sale of Community Surgical Supply (CSS) to AdaptHealth. CSS, a provider of home care equipment and services, has over 50 years of experience. The financial terms of the deal were not disclosed. AdaptHealth, operating in 47 states, specializes in patient-centered healthcare-at-home solutions. Peapack Private Investment Banking focuses on providing corporate advisory solutions, helping middle market businesses navigate critical phases in their lifecycle.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced the appointment of Heidi H. Smith as Senior Vice President, General Counsel, and Corporate Secretary at Peapack-Gladstone Bank. Based in Bedminster, New Jersey, Smith will oversee the legal affairs of the company and advise the executive team on legal and policy matters. An accomplished attorney, she previously served as Assistant General Counsel and has extensive experience in the legal aspects of banking and finance. Peapack-Gladstone Financial Corporation has total assets of $6.1 billion as of December 31, 2021.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) reported strong fourth quarter 2021 results, with revenues increasing to $56.17 million and net income rising to $14.86 million, translating to EPS of $0.78, a significant jump from $0.16 in Q4 2020. Full-year results showed revenues of $210.31 million and net income of $56.62 million, leading to EPS of $2.93. Key drivers included growth in wealth management and commercial banking sectors. The company also repurchased 274,929 shares for $9.21 million in Q4 2021 and authorized a new 5% stock repurchase program for 2022.
Peapack-Gladstone Financial Corporation (PGC) has expanded its SBA Lending Division by welcoming three experienced professionals aimed at enhancing growth and service to small business clients. Sanjay T. Patel and Bhavesh R. Sheth join as Managing Directors with extensive backgrounds in SBA lending, while Parth Thakor comes on board as an Assistant Vice President, SBA Underwriter. This strategic move reinforces the bank's commitment to providing personalized services and support to small businesses, promoting economic growth.
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