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.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) is a New Jersey bank holding company for Peapack-Gladstone Bank, a commercial bank founded in 1921. The company regularly issues news and press releases covering its commercial banking operations, private banking initiatives and wealth management activities under the Peapack Private brand.
News about Peapack-Gladstone often includes quarterly earnings results, updates on deposits, loans, net interest margin, capital ratios and liquidity. The company uses press releases and investor updates to discuss trends in net interest income, wealth management fee income, commercial and industrial lending, and core relationship deposit growth. These items provide insight into how the bank’s balance sheet and revenue mix are evolving over time.
In addition to financial results, Peapack-Gladstone announces developments in its private banking and wealth management businesses. Recent communications have highlighted the expansion of its New York City presence, the hiring of commercial private banking teams and senior leaders, and the growth of assets under management and/or administration in the Wealth Management Division. The company also reports on credit ratings actions by agencies such as Moody’s and KBRA.
Strategic branding and corporate initiatives are another recurring theme. The organization has announced an expected rebrand that will bring Peapack-Gladstone Bank and its wealth management division together under the Peapack Private Bank & Trust name. Personnel announcements, such as appointments of senior managing directors, fiduciary officers and SBA lending leaders, further illustrate how the bank is building out its capabilities.
Investors and clients can use the Peapack-Gladstone news stream to follow earnings releases, capital and liquidity updates, expansion into the metro New York market and the evolution of its private banking and wealth management strategy.
Peapack-Gladstone Financial Corporation (PGC) has expanded its SBA Lending Division by welcoming three experienced professionals aimed at enhancing growth and service to small business clients. Sanjay T. Patel and Bhavesh R. Sheth join as Managing Directors with extensive backgrounds in SBA lending, while Parth Thakor comes on board as an Assistant Vice President, SBA Underwriter. This strategic move reinforces the bank's commitment to providing personalized services and support to small businesses, promoting economic growth.
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.
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