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 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 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.
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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.
Peapack-Gladstone Financial Corporation (PGC) reported strong second quarter 2021 results, with total revenue reaching $51.52 million, marking a 16% increase from Q2 2020. Net income surged to $14.42 million, or $0.74 per diluted share, compared to $8.24 million in the same quarter last year. Key drivers included increased wealth management income and a decreased provision for loan losses. The company repurchased 234,722 shares at an average price of $32.40, totaling $7.6 million, reinforcing its capital strategy. Nonperforming assets decreased to 0.10% of total assets, indicating improved asset quality.
Peapack-Gladstone Financial Corporation (PGC) has successfully acquired Princeton Portfolio Strategies Group (PPSG) as of July 1, 2021. This acquisition marks the eighth for the company in six years, contributing an additional $520 million in assets under management. Peapack Private, the bank’s wealth management division, enhances its offerings with this strategic move, aiming to meet the growing demand for tailored wealth management solutions. With a market value of approximately $9.4 billion in assets under administration, the acquisition aligns with Peapack's commitment to expand its reach in Mercer County.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has announced the appointment of Neil Viotto as Senior Vice President, Director of Residential and Consumer Lending. He will oversee residential and consumer lending operations, including loan origination management and new business development, from the headquarters in Bedminster, NJ. With over 29 years in the industry, Viotto previously held key positions at Somerset Savings Bank and Superior Mortgage Corp, enhancing operational efficiency and customer service. As of March 31, 2021, the corporation holds total assets of $6.0 billion.