BEDMINSTER, NJ - April 24, 2025 (NEWMEDIAWIRE) - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust announce active negotiations to open office space in Garden City and Melville, New York, following the successful opening of their mid-town Manhattan commercial and retail space at 300 Park Avenue.

The Bank has secured temporary commercial space at 175 Broadhollow Road, Melville, NY, and has now received approval from its Board of Directors to apply for new retail space and continue negotiations for permanent space at 1010 Franklin Avenue in Garden City.

Doug Kennedy, President and Chief Executive Officer, stated, “We are continuing our expansion plans in the tri-state area by looking toward Long Island. This is a natural next step for us as we grow our commercial business and attract clients from the area that want direct access to their private banking team.” 

Andrew Corrado, President of Peapack Private’s New York office, added, “We’ve established ourselves in NYC as a viable private bank, able to compete and win against the larger institutions.  It’s time to turn our attention to Long Island and introduce our brand of private banking to the area. With the recent addition of Joseph Fingerman, President of our Commercial Real Estate division, and his team who will cover the NY metro area, including Long Island, we are poised to continue growing our successful business model.”

Peapack-Gladstone Financial Corporation, a New Jersey bank holding company, has total assets of $7.1 billion and assets under management and/or administration of $11.8 billion as of March 31, 2025. Founded in 1921, Peapack Private Bank & Trust 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, helping them establish, maintain, and expand their legacy. Peapack Private Bank & Trust is committed to unparalleled client service. Visit peapackprivate.com for more information.

Contact: Denise Pace-Sanders, Peapack Private Bank & Trust, SVP Managing Principal, Brand and Marketing Director, 500 Hills Drive, Suite 300, Bedminster, NJ  07921,  dpace@peapackprivate.com, (908) 470-3322

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