Peapack-Gladstone Financial Corporation reports bank holding company developments tied to commercial banking, private banking and wealth management. Through Peapack-Gladstone Bank and Peapack Private, company updates commonly address commercial and commercial real estate lending, deposit growth, treasury and escrow services, SBA lending, trust and estate administration, investment management and financial planning services.
Recurring news also includes quarterly results, balance-sheet and liquidity commentary, credit-rating actions, Metropolitan New York market expansion, senior banking and wealth-management hires, fiduciary leadership changes and brand positioning for the bank and its wealth division.
Peapack-Gladstone Financial (NASDAQ: PGC) is scheduled to release its Q3 2026 financial results on October 27, 2026, after market close.
The company will host a conference call to review the results on October 28, 2026, at 11:00 a.m. ET. A live webcast will be available, with a replay and conference details posted on its investor relations website.
Peapack-Gladstone Financial (PGC) and Peapack Private Bank & Trust have appointed Ana Parra as Senior Managing Director, Group Director. Based in the bank’s Park Avenue office in Manhattan, she will lead a private banking team serving high-net-worth individuals, families, family offices and privately held businesses.
Parra brings more than 35 years of banking experience. She previously served as Vice President, Relationship Manager and Private Banker at IDB Bank, where she assumed leadership of high-net-worth client relationships totaling approximately $300 million.
Peapack-Gladstone Financial (PGC) appointed Kevin Bertscha, CPA, as Senior Vice President and Chief Audit Executive at Peapack Private Bank & Trust. He will lead the internal audit function, overseeing audit strategy, risk assessment, regulatory compliance, internal controls, and governance processes to support the company’s governance and risk management framework.
Bertscha has more than 30 years of financial services and internal audit experience across complex financial institutions, broker-dealers, and government securities clearing operations, including senior roles at Oppenheimer & Co., Industrial and Commercial Bank of China Financial Services, BNY Mellon, and Bankers Trust. Peapack-Gladstone reported total assets of $8.0 billion and assets under management and/or administration of $13.9 billion as of June 30, 2026.
Peapack-Gladstone Financial Corporation (PGC) is launching a new yacht financing business within Peapack Private to expand its specialized lending for high- and ultra-high-net-worth clients. Industry veterans Jim Velez and Derick Buffum have been hired to lead the Yacht Financing team, bringing decades of experience in yacht lending, credit, underwriting and portfolio management. The new unit will offer customized financing for new and pre-owned yachts, including acquisitions, refinancings, ownership transitions and other tailored structures that align yacht purchases with clients’ broader wealth objectives.
The yacht financing business will work with clients, their advisors, and marine industry professionals to provide coordinated execution, while integrating access to Peapack Private’s private banking, commercial banking and wealth management services. The company reports total assets of $8.0 billion and assets under management and/or administration of $13.9 billion as of June 30, 2026.
Peapack-Gladstone Financial (NASDAQ: PGC) announced the opening of its newly completed Peapack Private Bank & Trust office in Garden City, New York, expanding its private banking presence on Long Island and within the broader New York metropolitan market. The Garden City location is positioned to serve successful individuals, families, business owners, professionals, family offices, commercial clients, and not-for-profit organizations with personalized private banking, lending, commercial, trust, and wealth management services.
According to the company, each client is assigned a dedicated relationship manager as a single point of contact, and the new office was designed to provide a welcoming, private environment for in-depth financial discussions. The opening supports Peapack Private’s long-term strategy of combining full-service commercial banking capabilities with a boutique-style, relationship-first private banking experience.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) declared a regular quarterly cash dividend of $0.05 per share on its common stock, payable on August 27, 2026 to shareholders of record on August 13, 2026. As of June 30, 2026, the New Jersey bank holding company reported $8.0 billion in total assets and $13.9 billion in assets under management and/or administration.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) reported Q2 2026 net income to common shareholders of $15.8 million, or $0.85 diluted EPS, up from $14.2 million ($0.80) in Q1 2026 and $7.9 million ($0.45) in Q2 2025. Total revenue rose to $86.1 million, the ninth consecutive quarterly increase, 23% year-over-year, while operating expenses grew 7% to $55.7 million, driving pre-provision net revenue to $30.4 million (about 70% growth year-over-year) and a GAAP efficiency ratio near 65%.
Net interest income increased 32% year-over-year to $63.9 million with net interest margin at 3.32% (up 55 bps year-over-year). Loans reached $6.7 billion (15% growth), deposits $7.1 billion (up $694 million year-over-year), and wealth management AUM/A increased to $13.9 billion, with related fees of $17.2 million (20% of revenue). Tangible book value per share grew 9% year-over-year to $36.26 and book value per share 8% to $38.70.
The Company completed issuance of the remaining $20 million under its previously committed $50 million 6% non-cumulative perpetual convertible preferred stock with Strategic Value Bank Partners to support relationship-based balance sheet growth. Asset quality showed higher nonperforming assets at $72.2 million (0.91% of assets), driven largely by one multifamily relationship migration and a $6.1 million charge-off on a multifamily loan, while the allowance for credit losses stood at $69.2 million (1.04% of loans). Liquidity totaled $5.0 billion on and off balance sheet (204% of uninsured/unsecured deposits), and regulatory capital ratios, including a Common Equity Tier 1 Ratio of about 10.4% at the Company, remained well above well-capitalized standards.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack Private Bank & Trust appointed Leonard Carraturo as Senior Managing Director, Commercial Private Banker. He joins the commercial banking team to provide customized lending and banking solutions supporting client growth initiatives, acquisitions, capital investments, treasury management, and long-term financial objectives.
Carraturo brings over 20 years of commercial banking and financial services experience, with expertise in middle-market C&I lending, sponsor finance, healthcare finance, asset-based lending, and treasury management. He previously held leadership and relationship management roles at Metropolitan Commercial Bank and Webster Bank, and earlier worked at Wells Fargo, Community Mutual Savings Bank, JPMorgan Chase, Moody’s Investors Service, and Bear Stearns. Peapack-Gladstone reported $7.7 billion in total assets and $13.1 billion in assets under management and/or administration as of March 31, 2026.
Peapack-Gladstone Financial (NASDAQ: PGC) and Peapack Private Bank & Trust appointed Paul Kotronis as Senior Managing Director, Commercial Real Estate. He will support and expand the commercial real estate lending platform, drive relationship-based deposit growth, and strengthen the bank’s presence in the New York and New Jersey markets.
Kotronis brings over 20 years of commercial real estate finance experience, including managing a $5 billion portfolio at Signature Bank and originating more than $4 billion in multifamily and commercial real estate loans. His background covers lending, underwriting, portfolio and relationship management, and launching a commercial real estate debt fund platform.
Peapack-Gladstone Financial (NASDAQ: PGC) will release its Q2 2026 financial results on Monday, July 27, 2026, after market close. A conference call to review results is scheduled for Tuesday, July 28, 2026, at 11:00 a.m. ET, with webcast and replay via the investor relations website.