Welcome to our dedicated page for Peapack-Gladstone Finl news (Ticker: PGC), a resource for investors and traders seeking the latest updates and insights on Peapack-Gladstone Finl stock.
Overview
Peapack-Gladstone Financial Corp is a storied institution operating as a bank holding company with a rich heritage dating back to 1921. Known for its client-centric approach and commitment to integrity and trust, the company has built its reputation by offering commercial banking, asset management, and wealth management services. It serves a broad range of business clients, non-profits, and individual consumers, ensuring tailored financial solutions that help establish and preserve legacies.
Banking Services
The Banking segment of Peapack-Gladstone Financial Corp offers comprehensive commercial lending solutions, including commercial real estate, multifamily, residential, and consumer loans. Through deposit services and an advanced online platform, the company delivers a seamless banking experience that caters to both personal and business requirements. By focusing on robust deposit generation and leveraging internet banking services, the company sustains a diversified revenue model and maintains high operational efficiency.
Asset and Wealth Management
Peapack Private, the specialized division of the company, is dedicated to asset and wealth management for both individuals and institutions. This division extends personalized trust services, financial planning, and investment advisory services that include non-deposit investment products subject to market risks. The structure of this division enables clients to benefit from customized financial strategies and trust administration, all conducted with a strong focus on discretion and professional expertise.
Private Investment Banking
Complementing its traditional banking operations, Peapack-Gladstone Financial Corp also provides investment banking services through Peapack Private Investment Banking. The division offers corporate advisory services and direct lending solutions, assisting middle-market companies and their owners with sophisticated financial strategies. Their comprehensive approach not only facilitates smooth complex transactions but also reinforces the company’s reputation in executing meticulous advisory roles in varied industries.
Commitment to Client Service
The company’s operational model is deeply rooted in an unwavering commitment to personalized client service. With private banking locations in Bedminster, Morristown, Princeton, and Teaneck, and a seamlessly integrated online presence, it ensures that clients receive tailored advice and support. This commitment to excellence is reflected in every interaction, upholding the values of integrity and professionalism that have defined the firm for over a century.
Market Position and Differential
Positioned as a high-performing boutique bank, Peapack-Gladstone Financial Corp stands out within the competitive landscape of financial services. While many institutions offer similar products, this firm distinguishes itself through its intricate blend of commercial banking expertise, advanced asset management solutions, and strategic investment banking services. Its dual focus on traditional lending and innovative financial advisory enables it to serve a diverse clientele while managing a balanced portfolio of deposit and non-deposit offerings. This multifaceted approach reinforces its standing as a trusted and knowledgeable partner in navigating complex financial environments.
Overall, Peapack-Gladstone Financial Corp exemplifies a balanced and methodical approach to banking and wealth management. It successfully integrates its long-established roots with innovative services, ensuring that every client—from large institutions to individual account holders—receives actionable, expert guidance geared toward preserving and growing their financial legacy.
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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