What are Peapack Gladstone Financial's Business Segments?
· Wealth Management. We have been in the wealth management business since
1972. The business adds significant value to our Company and differentiates us
from many of our competitors. Conversations with all clients and potential clients
across all lines of business have included and will continue to include a wealth
management discussion.
· Commercial Lending. We have been helping businesses emerge, expand and
evolve for many years. We grew our multifamily and to a lesser extent other commercial
real estate lending businesses. We introduced a more comprehensive C&I lending
program designed to service individuals, professional service firms, foundations,
and privately owned businesses. This C&I lending program, similar to our wealth
management business, has been fully integrated into our private banking platform.
Private bankers focus holistically on C&I lending, wealth advisory and deposit
solutions to provide a high-touch, “white-glove” client service.
· Retail Banking – Deposits. We see a lot of opportunity for growth
in our core markets. We continued with the concept of high-touch relationship-style
banking, which we introduced in 2013, to support the affluent segment of our branch
network. Much like the private banking service model, this team has intimate knowledge
of all Bank products and services and serves as the primary contact for clients
seeking wealth, lending and deposit solutions. The structure of this team enables
our existing branch network to maintain its primary objective of providing unique
and unparalleled client service. Additionally, our private banking platform has
and we believe it will continue to contribute significantly to our retail deposit
growth, not only through stand-alone deposit relationships, but through comprehensive
new relationships associated with C&I lending.
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