Peapack Private Bank & Trust Expands Real Estate Service Offerings Through Remote Official Check Printing Technology

Rhea-AI Summary

Peapack Private Bank & Trust (NASDAQ:PGC) expanded its real estate payment services by introducing Remote Official Check (ROC) Printing. This technology lets approved business clients securely print official bank checks from remote locations, helping accelerate real estate closings and reduce branch visits across key East Coast markets, including New York City.

The solution supports law firms, escrow companies, insurance organizations and nonprofits that require cash-equivalent funds at closings. ROC Printing is powered by AP Technology’s APSecure platform, which is designed to maintain strict security, compliance and audit controls for payment issuance.

News Market Reaction – PGC

-4.19% 4.3x vol

4 alerts

-4.19% Session close to close

$847.65M Market Cap

4.3x Rel. Volume

In the Jul 8 session, PGC declined 4.19%, reflecting a moderate negative market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. Trading volume was very high at 4.3x the daily average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The rollout of Remote Official Check printing broadens PGC’s treasury capabilities for real estate a...

Analysis

The rollout of Remote Official Check printing broadens PGC’s treasury capabilities for real estate and escrow clients across the East Coast, aligning with its growth in competitive New York markets while leaving questions about eventual revenue contribution and client adoption pace.

Historical Context

1 past event · Latest: Jun 10 (Positive)

Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 10	Leadership appointment	Positive	+0.9%	Peapack Capital hired a senior managing director targeting $2B originations.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

With limited recent news, the last event showed a modest positive price reaction to a strategic leadership move.

Key Terms

treasury management, audit requirements, cash equivalent funds

3 terms

treasury management financial

"organizations seeking advanced treasury management capabilities"

Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.

audit requirements regulatory

"maintaining the controls, security standards and audit requirements expected from a leading financial institution"

Audit requirements are the rules, standards, and specific checks that companies must follow when having their financial records examined by independent auditors. They determine what documents auditors review, which accounting rules apply, and how thorough the review must be; like a recipe and checklist for a health inspection, they help ensure the financial picture is examined consistently. Investors care because these requirements affect how reliable, comparable, and timely a company’s financial statements are, which influences how much trust to place in reported results.

cash equivalent funds financial

"many states mandate cash equivalent funds at closings"

Short-term, highly liquid investments that can be converted into a known amount of cash quickly and with very little risk of losing value. Examples include Treasury bills, money market funds, and commercial paper; they act like cash in a company’s pocket or a wallet for everyday needs. Investors watch cash equivalent funds because they reveal how easily a business or fund can meet short-term obligations and manage liquidity without selling long-term assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Payment capabilities help real estate professionals, law firms, and escrow companies close transactions faster while extending services beyond branch boundaries.

BEDMINSTER, N.J., July 08, 2026 (GLOBE NEWSWIRE) -- Peapack Private Bank & Trust (NASDAQ: PGC) today announced the expansion of its real estate services payment capabilities through the use of advanced Remote Official Check (ROC) Printing technology, enabling business customers to securely issue official bank checks for real estate transaction closings from remote locations outside traditional bank branches.

The initiative reflects Peapack Private Bank & Trust's commitment to delivering innovative treasury and payment solutions that help businesses operate more efficiently while supporting the bank's continued growth throughout key East Coast markets, including the highly competitive New York City real estate sector.

Remote Official Check Printing allows approved organizations to securely print official bank checks from designated locations while maintaining the controls, security standards and audit requirements expected from a leading financial institution. For real estate offices managing transactions across multiple markets, the ability to generate official checks on demand can significantly accelerate closings, reduce administrative delays and eliminate many of the branch visits traditionally required to complete transactions.

"Today's commercial clients expect banking services that move at the speed of business," said Greg Tamberlane, senior vice president, head of commercial bank operations New York for Peapack Private Bank & Trust. "Remote Official Check Printing allows us to provide greater convenience, flexibility and responsiveness while maintaining the high levels of security and control our clients expect. This capability is particularly valuable for real estate professionals and other businesses that need to complete time-sensitive transactions quickly and efficiently. It also enables us to serve customers in markets where we may not have a physical branch presence while delivering the same exceptional level of service."

The technology is especially attractive throughout the East Coast, where commercial organizations often conduct business across multiple states and many states mandate cash equivalent funds at closings. In the New York real estate market, where transaction timing can directly impact deal outcomes, secure on-demand access to official checks provides a significant operational advantage.

Peapack Private Bank & Trust recognizes that modern payment technology creates opportunities to build stronger relationships with commercial customers while attracting new deposits from organizations seeking advanced treasury management capabilities. Business sectors including real estate firms, law practices, insurance organizations and nonprofit entities increasingly prioritize financial partners that can support fast-moving operations with secure and efficient payment tools.

Supporting the bank's payment modernization strategy is AP Technology, the trusted provider of payment issuance solutions for financial institutions throughout the United States and Canada. AP Technology's secure payment platform, known as APSecure, helps banks modernize payment operations while maintaining strict security, compliance and audit requirements.

"Forward-thinking banks understand that payment capabilities have become a powerful differentiator in attracting and retaining commercial customers," said Tyler Gill, chief growth officer at AP Technology. "Peapack Private Bank & Trust has demonstrated leadership by embracing technology that enables businesses to operate more efficiently while maintaining strong controls and security. We are proud to support the bank's vision of delivering modern payment experiences that help clients close deals faster and manage payments more effectively."

About Peapack Private Bank & Trust
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.7 billion and assets under management and/or administration of $13.1 billion as of March 31, 2026. Founded in 1921, Peapack Private Bank & Trust is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. The Bank's wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices, and not-for-profit organizations, which help them establish, maintain, and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.

About AP Technology
AP Technology is a Carlsbad, California-based company founded in 1989 that creates advanced business payment issuance software for banks, insurance companies, government offices, and businesses of all sizes and all payment volumes throughout the U.S. and Canada. Annually, AP Technology customers process more than $140 billion in payments through the Company’s suite of payment solutions that includes: APSecure, SecureCheck, SecurePay Advantage, ezSigner Direct, and Checkrun. AP Technology is a trusted payment partner, providing next-generation security, efficiency, speed, mobility, remote printing and payment disbursement management. For more information on AP Technology products, please visit www.aptechnology.com
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Media Contacts:

Peapack Private Bank & Trust
Denise Pace-Sanders
SVP Managing Principal, Brand and Marketing Director
(908) 470-3322
dpace@peapackprivte.com

AP Technology
Greg Wilfahrt
CMO
800-652-2877
Press@APTechnology.com

FAQ

What did Peapack Private Bank & Trust (NASDAQ:PGC) announce on July 8, 2026 about remote check printing?

Peapack Private Bank & Trust announced it is expanding real estate payment services with Remote Official Check Printing. According to Peapack Private Bank & Trust, this lets approved business clients securely print official bank checks from remote locations to speed real estate transaction closings and reduce branch visits.

How does Remote Official Check (ROC) Printing from PGC benefit real estate closings?

Remote Official Check Printing allows real estate professionals to generate official bank checks on demand away from branches. According to Peapack Private Bank & Trust, this can significantly accelerate closings, cut administrative delays, and meet cash-equivalent requirements in states that mandate such funds at closing.

Which business sectors can use Peapack Private Bank & Trust’s new ROC Printing service?

The ROC Printing service targets real estate firms, law practices, escrow companies, insurance organizations, and nonprofit entities. According to Peapack Private Bank & Trust, these clients increasingly seek financial partners that support fast-moving operations with secure, efficient payment tools and modern treasury management capabilities.

How does the ROC Printing solution support Peapack Private Bank & Trust’s East Coast and New York City growth?

The ROC Printing solution lets the bank serve clients across multiple East Coast states, including New York City, without branch constraints. According to Peapack Private Bank & Trust, remote issuance extends services beyond branch boundaries and supports growth in competitive real estate markets requiring quick, time-sensitive transactions.

What role does AP Technology play in Peapack Private Bank & Trust’s Remote Official Check Printing?

AP Technology provides the APSecure payment platform that powers the bank’s Remote Official Check Printing. According to AP Technology, APSecure helps banks modernize payment operations while maintaining strict security, compliance, and audit requirements, supporting Peapack Private Bank & Trust’s payment modernization and commercial client service strategy.