Peapack-Gladstone Financial Corporation is a bank holding company registered
under the Bank Holding Company Act of 1956, as amended (the “Holding Company
Act”). The Company was organized under the laws of New Jersey in August
1997 by the Board of Directors of Peapack-Gladstone Bank (the “Bank”),
its principal subsidiary, to become a holding company for the Bank. The Bank
is a state chartered commercial bank founded in 1921 under the laws of the State
of New Jersey. The Bank is a member of the Federal Reserve System. The Bank
provides innovative private banking services to businesses, non-profits and
consumers through its private banking locations in Bedminster, Morristown, Princeton
and Teaneck, New Jersey, its wealth management division and its branch network
in Somerset, Morris, Hunterdon, Middlesex and Union counties.
Our wealth management clients include individuals, families, foundations, endowments,
trusts and estates. Our commercial loan clients are business people, including
business owners, professionals, retailers, contractors and real estate investors.
Most forms of commercial lending are offered, including working capital lines
of credit, term loans for fixed asset acquisitions, commercial mortgages, multifamily
mortgages and other forms of asset-based financing.
In addition to commercial lending activities, we offer a wide range of consumer
banking services, including: checking and savings accounts, money market and
interest-bearing checking accounts, certificates of deposit, and individual
retirement accounts held in certificates of deposit. We also offer residential
and construction mortgages, home equity lines of credit and other second mortgage
loans. Automated teller machines are available at 22 locations. Internet banking,
including an online bill payment option and mobile phone banking, is available
to clients.
The Bank’s Private Wealth Management Division, is one of the largest
New Jersey-based trust and investment businesses with $3.32 billion of assets
under administration as of December 31, 2015. It is headquartered in Bedminster,
with additional private banking locations in Morristown, Princeton and Teaneck,
NJ, as well as at the Bank’s subsidiary, PGB Trust & Investments of
Delaware, in Greenville, DE. The Bank’s Private Wealth Management Division
is known for its integrity, client service and broad range of fiduciary, investment
management and tax services, designed specifically to meet the needs of high
net-worth individuals, families, foundations and endowments.
We believe our wealth management business differentiates us from our competition
and adds significant value. We intend to grow this business further both in
and around our market areas through our Delaware Trust subsidiary; through our
existing wealth, loan and depository client base; and through our innovative
private banking service model, which utilizes private bankers working together
to provide fully integrated client solutions. Throughout the wealth management
division and all other business lines, we will continue to provide the unparalleled
personalized, high-touch service our valued clients have come to expect.
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