Profile: Peapack-Gladstone Financial Corp (PGC.OQ)
16 Nov 2018
Peapack-Gladstone Financial Corporation is a bank holding company. The Company's principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Company operates through two segments: Banking and Private Wealth Management Division. The Bank provides private banking services to businesses, non-profits and consumers through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, New Jersey; wealth management division, and branch network in Somerset, Morris, Hunterdon, Middlesex and Union counties.
The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of automated teller machines (ATMs); telephone and Internet banking services; merchant credit card services, and customer support sales. The Banking segment is engaged in commercial lending, including working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multifamily mortgages and other forms of asset-based financing. Its commercial loan customers include business owners, professionals, retailers, contractors and real estate investors. In addition to commercial lending activities, the Company offers a range of consumer banking services, including checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts held in certificates of deposit. It also offers residential and construction mortgages, home equity lines of credit and other second mortgage loans.
Private Wealth Management
The Private Wealth Management Division includes asset management services provided for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian and guardian; corporate trust services, including services as trustee for pension and profit sharing plans, and other financial planning and advisory services. The segment offers a range of fiduciary, investment management and tax services, designed to meet the needs of high net-worth individuals, families, foundations and endowments. The segment also provides lending, residential mortgages and deposit services to high net worth individuals.
Peapack-Gladstone Financial Corp
500 Hills Dr
BEDMINSTER NJ 07921-1538