Peapack-Gladstone Financial Corporation


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.

Banking

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.

Bank NamePeapack-Gladstone Financial Corporation
Stock ExchangeLSE
SymbolPGC
SectorFinancials
IndustryCommercial Banks
CountryUnited States
World Region"North America"
Chairman
CEOMr. Douglas L. Kennedy
Employees384
Websitepgbank.com
Registered Year1921

2017 2016 2015
  € m € m € m
Revenue
Total interest income 139 117 99
Total Interest Expenses 28 21 15
Net Interest income 111 96 84
Total Net Revenue 146 125 108
Earnings per share
Basic 2.06 1.62 1.31
Diluted 2.03 1.6 1.29
Assets
Total current assets
Other assets 71,512 57,682 57,249
Total assets 42,60,547 38,78,633 33,64,659
Total current liabilities
Total liabilities 38,56,869 35,54,423 30,88,983
Total Equity 4,03,678 32,421 2,75,676
Net income 36,497 26,477 19,972
Net cash provided by operating activities 56 43 30
Net cash used for investment activities 436 433 625
Net cash provided by financing activities 330 483 634
Source: http://www.pgbank.com
Currency in EUR, All numbers in million.

 

United States
Bedminster
Peapack
Pluckemin
Gladstone
Oldwick
Bernardsville