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 appointed Karen Rosner as Vice President, Assistant Brand and Marketing Director. She will lead the development and promotion of Peapack-Gladstone Bank's branding, advertising, and marketing strategies. Rosner has 20 years of experience, having previously worked at Lakeland Bank and North Jersey Federal Credit Union. Peapack-Gladstone Financial, founded in 1921, manages $10.3 billion in assets, providing wealth management and commercial banking services.
Peapack-Gladstone Financial Corporation (PGC) has announced a $5,000 donation to the Land Conservancy of New Jersey as part of its annual holiday giving program, celebrating its 100th anniversary. The Bank, committed to community support, has a history of charitable contributions, benefiting organizations like America's Grow-a-Row and Covenant House. With total assets of $6.2 billion and assets under management of $10.3 billion as of September 30, 2021, Peapack-Gladstone Bank provides various financial services aimed at individuals and businesses.
Peapack-Gladstone Bank has successfully revived its annual Boonton Christmas Tree Sale, held from November 26 to December 5, 2021. The event sold over 250 trees, raising $27,750 for nourish.NJ, aimed at combating hunger and homelessness. This initiative marks the return of a cherished community tradition, emphasizing family connections during the holiday season. The Bank, which has total assets of $6.2 billion, aims to enhance its community presence through such charitable events, fostering lasting memories for families in the area.
Peapack-Gladstone Financial Corporation (PGC) announced the appointment of Katherine M. Dickenson, Esq. as Senior Managing Director and Assistant General Counsel. Ms. Dickenson will support Peapack Capital and oversee various legal affairs within the company. She brings over 21 years of experience from Citizens Asset Finance, providing essential legal guidance in complex commercial agreements. PGC, with total assets of $6.2 billion and $10.3 billion in assets under management as of September 30, 2021, emphasizes innovative financial solutions through Peapack Private and its banking services.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has appointed Brandon J. Smith as Senior Vice President, Head of Asset Management at Peapack Capital. With over 30 years in equipment finance, Smith will oversee various asset management functions, succeeding David Santom, who is retiring. Smith's previous role was Vice President at Investors Bank Equipment Finance, managing a $950 million portfolio. Peapack-Gladstone Financial holds total assets of $6.2 billion and manages $10.3 billion as of September 30, 2021, providing banking and wealth management services.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has appointed Brenda Boyce as Vice President, Senior Credit Underwriter at Peapack Capital. With 31 years of financial services experience, Ms. Boyce is tasked with overseeing credit and underwriting functions focused on equipment financing and leasing. Prior to her new role, she served at Citizens Asset Finance, enhancing credit administration and client support. Peapack-Gladstone Financial holds total assets of $6.2 billion and provides a range of financial services, including wealth management and investment banking.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) reported its Q3 2021 results, with total revenue reaching $154.13 million, up 8% year-over-year. Net income surged 80% to $41.77 million, translating to diluted EPS of $2.15. Growth was driven by increased wealth management fees and net interest income, though gains from PPP loan sales were lower than the previous year. The company's wealth management division's assets under management reached $10.3 billion. The firm also repurchased 227,060 shares in Q3. The effective tax rate for Q3 was 26.22%.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has appointed Diane Conboy as Senior Managing Director and Market President at Peapack-Gladstone Bank. Operating from the new private banking center in Red Bank, NJ, Conboy will lead the commercial private banking team, focusing on providing personalized service and wealth solutions to businesses in Monmouth and Ocean Counties. With over 35 years of experience in financial services, she has a proven track record in C&I lending and business development, previously managing portfolios at M&T Bank and The Provident Bank.
Peapack-Gladstone Financial Corporation (PGC) reported strong second quarter 2021 results, with total revenue reaching $51.52 million, marking a 16% increase from Q2 2020. Net income surged to $14.42 million, or $0.74 per diluted share, compared to $8.24 million in the same quarter last year. Key drivers included increased wealth management income and a decreased provision for loan losses. The company repurchased 234,722 shares at an average price of $32.40, totaling $7.6 million, reinforcing its capital strategy. Nonperforming assets decreased to 0.10% of total assets, indicating improved asset quality.
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