Peapack Private Bank & Trust Welcomes Zachary Bermudez
Posted March 5, 2025
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are proud to announce that Zachary Bermudez has joined the Bank as a Senior Managing Director with the commercial real estate division, responsible for day-to-day management of the credit and reporting functions, along with client interactions.
Bermudez has been involved in commercial real estate finance for over 20 years, beginning his career at North Fork Bank in 2003. Thereafter, he served as Group Director and Senior Vice President in charge of all CRE operations and risk for the Commercial Real Estate Lending Group at Signature Bank, which he joined in 2007. He was promoted through the ranks of underwriting, origination, and relationship management to acting department deputy, assisting in the maintenance of a $33+ billion CRE loan portfolio. Since leaving Signature in 2023, Bermudez served as Managing Director of A&E Real Estate Finance, a boutique private credit platform.
Recent News
Peapack Private Bank & Trust Welcomes Joseph E. Fingerman
Posted March 3, 2025
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are proud to announce that Joseph E. Fingerman has joined the Bank as Senior Managing Director and President of Commercial Real Estate, responsible for managing and growing the Bank's commercial real estate lending platform.
Joseph has been in the commercial real estate lending industry for over 25 years, specializing in developing and offering customized commercial mortgage financing solutions for experienced, well-qualified real estate investors and operators, as well as family offices, real estate partnerships, and major investment firms. For over 15 years, Fingerman was with Signature Bank, last serving as Managing Group Director and Senior Vice President of the Commercial Real Estate Lending Group.
Peapack Private Bank & Trust Welcomes John Soffronoff as Enterprise Risk and Compliance Officer
Posted February 6, 2025
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are proud to announce that John Soffronoff has joined the Bank as Enterprise Risk and Compliance Officer responsible for developing and maintaining effective, efficient, and scalable risk management and compliance programs commensurate with Peapack Private's growth and strategy objectives.
John brings 35 years of extensive experience in risk and compliance management for the financial services industry to the Bank. Most recently, he served as Partner at Capco, where he led the community banking practice, assisting clients with complex regulatory and compliance issues.
Peapack-Gladstone Financial Corporation Reports Fourth Quarter Financial Results
Posted January 28, 2025
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the "Company") announces its fourth quarter 2024 financial results.
This earnings release should be read in conjunction with the Company's Q4 2024 Investor Update, a copy of which is available on our website at www.peapackprivate.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.
During the fourth quarter of 2024, core relationship deposits grew $438 million, to $5.3 billion, which represents an annualized growth rate of 36%. Strong growth in core relationships throughout 2024 has allowed the Company to repay all outstanding short-term borrowings and strengthen its liquidity position. The Company continued to see an increase in loan demand during the fourth quarter. Loan balances increased $201 million, to $5.5 billion at December 31, 2024.
The Company recorded net income of $9.2 million and diluted earnings per share ("EPS") of $0.52 for the quarter ended December 31, 2024 compared to net income of $7.6 million and EPS of $0.43 for the quarter ended September 30, 2024.
Peapack-Gladstone Bank Hires Paula Gambino as Senior Vice President
Posted December 9, 2024
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce that Paula Gambino has joined the Bank as a Senior Vice President, Head of SBA.
Based in the Bank’s Headquarters in Bedminster, New Jersey, Paula plays a key role in expanding the Bank’s SBA business, dedicated to delivering exceptional, personalized service to both new and existing business clients. The U.S. Small Business Administration (SBA) aims to bolster the nation’s economy by assisting individuals in starting, building, and growing their businesses. The Bank’s SBA Lending Division offers custom-tailored support to qualifying small business owners, addressing their financial needs and fostering their success and growth.
Peapack-Gladstone Bank to Rebrand as Peapack Private Bank & Trust
Posted November 1, 2024
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC), the holding company for Peapack-Gladstone Bank, a $6.8 billion commercial bank headquartered in Bedminster, NJ, announces an expected rebrand on or about January 1, 2025. The Bank and its wealth management division, having previously operated as separate brands, will unite under one name and one brand - Peapack Private Bank & Trust - or Peapack Private, in shortform.
“There is established brand equity and a uniqueness in the name Peapack-Gladstone Bank; however, we see an opportunity to build on that equity and establish ourselves more broadly in the New York metropolitan market. As a leading financial institution, anchored by robust wealth management, commercial and personal banking solutions, we are uniquely positioned to provide bespoke experience level service,” said Denise Pace-Sanders, Managing Principal, Brand and Marketing Director.
Peapack-Gladstone Financial Corporation Reports Third Quarter Results
Posted October 22, 2024
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the "Company") announces its third quarter 2024 financial results.
This earnings release should be read in conjunction with the Company’s Q3 2024 Investor Update, a copy of which is available on our website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.
During the third quarter of 2024, deposits grew $279 million, to $5.9 billion, which represents an annualized growth rate of 20%. Nearly half of the deposit growth during the quarter was attributed to an increase in noninterest-bearing demand deposit balances which grew $130 million to $1.1 billion. Strong core relationship growth throughout 2024 has allowed the Company to repay all outstanding short-term borrowings and strengthen its liquidity position. The Company also saw an increase in loan demand during the third quarter. Outstanding loan balances increased by $51 million to $5.3 billion as of September 30, 2024.
Archives
2024
Posted October 9, 2024 - Peapack-Gladstone Bank Hires Michael Anthony Guarino, Esq., CRCM as Senior Vice President
Posted September 30, 2024 - Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank’s Investment Grade Ratings Confirmed by Moody’s Investors Service
Posted September 25, 2024 - Peapack Private Hires Vanessa Tortorice as Senior Managing Director
Posted August 19, 2024 - Peapack Private Elevates MJ Sully, Esq. to Senior Managing Director, Chief Fiduciary Officer and President of PGB Trust & Investments of Delaware
Posted July 23, 2024 - Peapack-Gladstone Financial Corporation Reports Second Quarter Results
Published June 21, 2024 - Peapack Private Hires Kevin D. Casey as a Managing Principal with its Wealth Management Division
Posted June 10, 2024 - Lisa Fitzgerald Joins Peapack-Gladstone Bank as Senior Vice President, Equipment Finance Operations Manager
Posted May 3, 2024 - Peapack Private Hires Jerry Dominguez as Senior Managing Director
Posted April 23, 2024 - Peapack-Gladstone Financial Corporation Reports First Quarter Results
Posted April 22, 2024 - Greg Tamberlane Joins Peapack Private as Senior Vice President, Head of Commercial Bank Operations New York
Posted April 19, 2024 - Peapack-Gladstone Bank Promotes Kate Sant'Angelo to Senior Vice President, Director of Personal Banking
Posted April 8, 2024 - Peapack Private Announces New York City Expansion
Posted April 3, 2024 - Peapack Private Hires Joanne Gagliardi, Senior Managing Director
Posted April 2, 2024 - Dawn Kasulke Joins Peapack Private as Senior Managing Director, Team Leader
Posted March 18, 2024 - Peapack Private Investment Banking Advises Super Stud Building Products, Inc. and Affiliates on the Sale to EB Metals, Inc.
Posted January 29, 2024 - Peapack Private Moves to Park Avenue
Posted January 25, 2024 - Peapack-Gladstone Financial Corporation Reports Fourth Quarter Results
Posted January 16, 2024 -Peapack-Gladstone Bank Announces New Hires
2023
Posted December 18, 2023 - Peapack-Gladstone Bank’s Boonton Charity Christmas Tree Sale Supports Sound Start Foundation
Posted October 25, 2023 - Ronald Andersen, Senior Managing Director, Commercial Private Banker, at Peapack-Gladstone Bank Named to CIANJ Board of Directors
Posted October 24, 2023 - Peapack-Gladstone Financial Corporation Reports Third Quarter Results
Posted September 13, 2023 - Klaudio Nikolla Joins Peapack Private as Senior Managing Director, Commercial Private Banker
Posted September 6, 2023 - Peapack Private Hires James T. Foti, Senior Managing Director, Commercial Private Banker
Posted September 13, 2023 - Klaudio Nikolla Joins Peapack Private as Senior Managing Director, Commercial Private Banker
Posted September 6, 2023 - Peapack Private Hires James T. Foti, Senior Managing Director, Commercial Private Banker
Posted August 18, 2023 - Peapack-Gladstone Bank Announces Promotions and New Hires
Posted August 16, 2023 - Faycal Lhamidi Joins Peapack Private as Senior Managing Director, Commercial Private Banker
Posted August 3, 2023 - Raymond C. Radigan is the Newest Member of Peapack Private
Posted July 27, 2023 - Peapack-Gladstone Bank Hires Brian J. Scherman as Senior Vice President, Director of Residential and Consumer Lending
Posted July 26, 2023 - Joseph W. Harpster Joins Peapack Private as SVP, Senior Credit Officer
Posted July 25, 2023 - Peapack-Gladstone Financial Corporation Reports Second Quarter Results
Posted July 25, 2023 - Peapack-Gladstone Financial Corporation Reports Second Quarter Results
Posted July 19, 2023 - Christopher Tomai Joins Peapack Private
Posted July 17, 2023 - Peapack-Gladstone Bank Receives Editor’s Choice Recognition at Fintech Finance Banking Tech Awards USA Ceremony
Posted July 13, 2023 - Peapack-Gladstone Financial Corporation Announces Expansion Into New York City
Posted June 27, 2023 - Peapack-Gladstone Bank Promotes Heather Gibbs to Senior Vice President, Enterprise Risk and Information Security Officer
Posted June 22, 2023 - Peapack-Gladstone Financial Corporation Announces the Appointment of a New Director
Posted January 27, 2023 - Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results, as Net Interest Margin Continues to Expand
Posted January 25, 2023 - Peapack-Gladstone Bank Announces the Winner of “Neighme” that Horse!
2022
Posted December 23, 2022 - Douglas L. Kennedy Reelected as a Class A Director to New York Fed Board of Directors
Posted December 22, 2022 - Patrick Scatuorchio Joins Peapack Capital as Senior Vice President, Business Development Officer
Posted December 22, 2022 - Peapack-Gladstone Banks Boonton Christmas Tree Sale Supports Lakeland Hills Family YMCA
Posted October 31, 2022 - Frank A. Cavallaro to Join Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank as Senior Executive Vice President
Posted October 27, 2022 - Peapack-Gladstone Financial Corporation Reports Strong Third Quarter Results, as Net Interest Margin Continues to Expand
Posted September 19, 2022 - Peapack-Gladstone Bank Announces Enhancements to its Subsidiary, Peapack Capital
Posted July 29, 2022 - Peapack-Gladstone Financial Corporation Reports Strong Second Quarter Results, as Net Interest Margin Continues to Expand
Posted June 28, 2022 - Peapack-Gladstone Bank Hires Roger Grossman, Senior Managing Director, Commercial Private Banker
Posted June 28, 2022 - Peapack-Gladstone Bank Announces Enhancements to its Personal Banking Division
Posted June 9, 2022 - Peapack Private Wealth Management Promotes Amy M. Long to Senior Managing Director, Chief Administrative Officer
Posted June 8, 2022 - Peapack-Gladstone Bank Promotes Lisa Ciampi, CPA to Senior Vice President, Managing Principal, Head of Operations
Posted May 31, 2022 - Peapack Private Wealth Management Promotes Nicole Bonanno to Senior Managing Director, Director of Client Service
Posted April 29, 2022 - Peapack-Gladstone Financial Corporation Reports Strong First Quarter Results
Posted April 15, 2022 - Bank Subsidiary, Peapack Capital, Celebrates 5th Anniversary
Posted April 12, 2022 - Peapack Private Investment Banking Advises on Sale of D'Artagnan
Posted March 9, 2022 - Peapack Private Investment Banking Advises Community Surgical Supply in Sale
Posted February 8, 2022 - Peapack-Gladstone Bank Appoints Heidi H. Smith, Esq. as Senior Vice President, General Counsel and Corporate Secretary
Posted January 28, 2022 - Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results and Announces Another 5% Stock Repurchase Program
Posted January 11, 2022 - Peapack-Gladstone Bank Hires New SBA Team Members
Posted on January 11, 2022 - Peapack-Gladstone Bank Hires Karen Rosner as Vice President, Assistant Brand and Marketing Director
2021
Posted on December 22, 2021 - Peapack-Gladstone Bank Gives Back this Holiday Season
Posted December 16, 2021 - Peapack-Gladstone Bank’s Return of the Boonton Christmas Tree Sale Supports nourish.NJ
Posted December 1, 2021 - Peapack-Gladstone Bank Hires Katherine M. Dickenson, Esq. as Senior Managing Director, Assistant General Counsel
Posted December 1, 2021 - Peapack-Gladstone Bank Earns 2021 Best Banks to Work For Recognition
Posted November 18, 2021 - Peapack-Gladstone Bank Celebrates Company’s 100th Anniversary through Volunteerism
Posted November 18, 2021 - Brandon J. Smith Joins Peapack Capital as Senior Vice President, Head of Asset Management
Posted November 18, 2021 - Peapack-Gladstone Bank Hires Brenda Boyce, Vice President, Senior Credit Underwriter at Peapack Capital
Posted November 8, 2021 - Peapack-Gladstone Bank Brings Back Boonton Christmas Tree Sale Tradition
Posted October 28, 2021 – Peapack-Gladstone Bank Corporation Reports Third Quarter Results, as Record Wealth Management Fee Income Drives Total Fee Income to 34% of Total Revenue
Posted September 1, 2021 – Peapack-Gladstone Bank Hires Senior Managing Director, Market President
Posted July 28, 2021 – Peapack-Gladstone Financial Corporation Reports Strong Second Quarter Results, Driven By Increased Wealth Management Fee Income, Strong Loan Growth And Margin Expansion
Posted July 1, 2021 – Peapack Private Wealth Management Acquires Princeton Portfolio Strategies Group
Posted May 27, 2021 – Peapack-Gladstone Bank Hires Senior Vice President, Director of Residential and Consumer Lending
Posted May 12, 2021 – Peapack-Gladstone Financial Corporation to Acquire Princeton Portfolio Strategies Group
Posted April 27, 2021 – Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend
Posted April 19, 2021 – Peapack-Gladstone Bank Turns 100 in 2021
Posted April 12, 2021 – Peapack-Gladstone Bank Now Open in Boonton, NJ
Posted April 5, 2021 - Matthew Remo is Promoted to Senior Vice President, Director of Strategy and Development at Peapack-Gladstone Bank
Posted February 2, 2021 – Peapack Gladstone Financial Corporation Reports Fourth Quarter and Full Year Results and Announces a 5% Stock Repurchase Program
2020
Posted December 17, 2020 – New Jersey Headquartered Banks Commit Over $145,000 to Support Hackensack
Posted December 16, 2020 – Peapack-Gladstone Bank Brings Holiday Cheer
Posted December 14, 2020 – Peapack Private Wealth Management Hires Team from Noyes Capital Management
Posted November 9, 2020 – Peapack-Gladstone Bank Hires New Senior Managing Director, Commercial Private Banker
Posted October 28, 2020 – Peapack-Gladstone Financial Corporation Reports Third Quarter Results
Posted September 3, 2020 – Peapack-Gladstone Bank Announces Sale of Paycheck Protection Program Loans
Posted August 25, 2020 – Peapack-Gladstone Bank Report Lessons Learned: What the SBA’s PPP Loan Process Revealed to Us About Small Businesses and Our Bank
Posted August 18, 2020 – Peapack-Gladstone Bank Helps Stock New Jersey Food Banks
Posted August 11, 2020 – Peapack Capital partners with LTi Technology Solutions to fuel equipment finance expansion
Posted July 29, 2020 – Peapack-Gladstone Financial Corporation Reports Second Quarter Results
Posted May 5, 2020 – Peapack-Gladstone Financial Corporation Reports First Quarter Results
Posted April 17, 2020 – Community Bank Saves 30,000 Small Business Jobs in New Jersey
Posted April 10, 2020 – Cynthia Fusillo Completes Chartered Special Needs Consultant® Certification Requirements
Posted April 3, 2020 – Peapack-Gladstone Bank Continues to Support Clients and the Community
Posted February 10, 2020 – Peapack Capital Originates more than $300 Million in 2019
Posted January 29, 2020 – Peapack-Gladstone Financial Corporation Reports Record Fourth Quarter and Full Year Results, Driven by Solid Wealth Management and Commercial Banking Activities
2019
Posted December 10, 2019 – Bottomline Delivers Intelligent Customer Engagement for Peapack-Gladstone Bank
Posted October 23, 2019 – Peapack-Gladstone Bank Hires John A. Trobiano, Senior Managing Director, Wealth Advisor, for Peapack Private Wealth Management
Posted September 20, 2019 – Tri-County Scholarship Fund to Honor Douglas L. Kennedy Among Others at 38th Annual Awards Dinner
Posted September 3, 2019 – Point View Wealth Management Becomes a Peapack Private Wealth Management Firm
Posted July 26, 2019 – Peapack-Gladstone Financial Corporation Reports Second Quarter Results, Quarterly Cash Dividend and Stock Repurchase Program
Posted July 10, 2019 – Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank Receive Investment Grade Ratings from Moody’s Investors Service
Posted July 5, 2019 – Peapack-Gladstone Financial Corporation to Acquire Point View Wealth Management
Posted April 26, 2019 – Peapack-Gladstone Financial Corporation Reports First Quarter Results and Declares its quarterly Cash Dividend
Posted April 1, 2019 – Peapack-Gladstone Bank Announces Appointment of Executive Vice President, Head of Commercial Banking
Posted February 28, 2019 – Peapack-Gladstone Financial Corporation Announces Appointment of Two New Directors
Posted January 28, 2019 – Betty S. Thomas Completes CERTIFIED FINANCIAL PLANNER™ Certification Requirements
Posted January 25, 2019 – Peapack-Gladstone Financial Corporation Reports Fourth Quarter and Full Year Results and Declares Its Cash Dividend