Peapack-Gladstone Bank’s Return of the Boonton Christmas Tree Sale Supports nourish.NJ

Rhea-AI Summary

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.

Positive

• Raised $27,750 for nourish.NJ from Christmas tree sales.
• Sold over 250 trees, indicating strong community engagement.
• Successful revival of a cherished local tradition, boosting community spirit.

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• None.

Bedminster, NJ, Dec. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- This holiday season Peapack-Gladstone Bank announced the return of the nostalgic annual Boonton Christmas Tree Sale.  The inaugural event was reminiscent of past sales sponsored by the local Kiwanis Club.  Held November 26 to December 5, the live tree sale was orchestrated entirely by Peapack-Gladstone Bank volunteers who teamed up, helping families find their perfect tree.  Offering a wide variety of species and selling more than 250 trees, one hundred percent of this year’s sales and donations totaling $27,750 will benefit nourish.NJ in Morristown, supporting their efforts to alleviate the struggles of homelessness and hunger in our municipalities.  

The sale was held at the Bank’s newest retail location at 104 Ely Place, Boonton.  “Peapack-Gladstone Bank knows how important a Christmas tree is to a family’s holiday tradition, so we decided to start the sale the day after Thanksgiving,” said Robert Plante, Executive Vice President and COO at Peapack-Gladstone Bank, “but we never expected to run out so quickly.  The Bank planned this festive event to bring back an old-fashioned quality to the community, and we were excited to see the large number of families that came out to enjoy the festivities and select a tree to support a local charity.”

This year’s Boonton Christmas tree sale was the first in the return of this annual holiday tradition, where each year, a new community beneficiary will be named.  Founded in 1921 and celebrating its 100th Anniversary, Peapack-Gladstone Bank values its ties with community.  “The Boonton Christmas Tree Sale will be a place where families can make long lasting memories,” said Daniela Oldham, Vice President, Retail Private Banker at the Bank’s Boonton location. “The Bank is committed to making a difference in our municipalities both now and for many Christmases to come.”

About the Company

Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of $6.2 billion and assets under management/administration of $10.3 billion as of September 30, 2021.  Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, investment banking, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers.  Peapack Private, the Bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice, and solutions, to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them establish, maintain and expand their legacy.  Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service.  Visit www.pgbank.com and www.peapackprivate.com for more information.

Contact:  Rosanne Schwab, Peapack-Gladstone Bank, Assistant Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ  07921 rschwab@pgbank.com, (908) 719-6543.

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• Peapack

FAQ

What was the outcome of the Boonton Christmas Tree Sale?

The Boonton Christmas Tree Sale raised $27,750 for nourish.NJ and sold over 250 trees.

When was the Boonton Christmas Tree Sale held?

The sale was held from November 26 to December 5, 2021.

What charity benefited from the Christmas Tree Sale?

Nourish.NJ, which addresses hunger and homelessness, benefited from the sale.

What is the significance of the Boonton Christmas Tree Sale?

It marks the return of a nostalgic community tradition and fosters family connections.

What are Peapack-Gladstone Bank's total assets?

As of September 30, 2021, Peapack-Gladstone Bank had total assets of $6.2 billion.