Matthew Remo, Director of Strategy and Development at Peapack-Gladstone Bank Recognized as NJBankers Rising Star

Bedminster, NJ – (NewMediaWire) – November 17, 2020 – Peapack-Gladstone
Financial Corporation (NASDAQ Global Select Market:  PGC) and
Peapack-Gladstone Bank are proud to announce that NJBankers recently recognized
Matthew Remo as a “Rising Star” of the New Jersey banking industry at its
virtual awards ceremony held on November 5, 2020.  The NJBankers Rising
Star Award is granted to bankers, under the age of 40, to recognize their
achievements in the Garden State banking industry.  Award winners exhibit
the characteristics of true leaders and are outstanding professionals, mentors,
teachers and colleagues who support bank and industry initiatives.  Mr.
Remo has continuously exemplified strong leadership skills and professionalism
throughout his career.  Most recently during these unprecedented times, he
played a vital role in the execution of the Bank’s Small Business
Administration Paycheck Protection Program process, which resulted in the
funding of approximately 2,300 loans for businesses in the Bank’s community,
saving more than 50,000 jobs.  Matthew continues to lead the SBA PPP
Forgiveness initiative, and his knowledge of regulatory and financial subjects
makes him an instrumental part of the Bank’s leadership team. 

Additionally, the Bank proudly
announces the elevation of Mr. Remo to the position of director of strategy and
development.  In his new role, Matthew is responsible for the development
and formalization of the Company’s business strategy and identification of
strategic objectives, priorities, and initiatives along with the development of
data analytics/management information systems to measure and report
progress.  Mr. Remo also ensures capital and liquidity management,
regulatory compliance, and credit and enterprise risk management objectives are
aligned and synchronized with the Bank’s defined business strategies.  In
addition, he continues to lead new product governance and serve on many of the
Company’s committees.

Mr. Remo joined Peapack-Gladstone Bank in 2019
as vice president, senior enterprise risk officer.  During his tenure at
the Bank, Matthew has worked across a wide range of risk management activities
including capital and strategic planning, credit portfolio reviews, regulatory
compliance, digital initiatives and new product governance.  He has also
worked diligently with the Bank’s equipment finance team and made overall
significant contributions to many areas of the Company. 

Mr. Remo joined Peapack-Gladstone Bank after
an accomplished 10-year career with the Federal Reserve Bank of New York
(FRBNY).  As senior examiner of large banking organizations, he
specialized in capital and strategic planning, wealth management,
asset-liability management and stress testing.  At the FRBNY as
supervisory manager of regional and community banks, he managed exam teams and
led technology design and implementation efforts across the Second District of
the Federal Reserve Bank as a commissioned safety and soundness examiner. 

Peapack-Gladstone Bank is committed to
employee advancement and training with an emphasis on the career development of
its employees and their success as future leaders in the financial services
industry, and congratulates Matthew for his outstanding achievements and
contributions.

About
Peapack-Gladstone Bank

Founded
in 1921, Peapack-Gladstone Financial Corporation is a NJ bank holding company
with total assets of $6.0 billion and wealth management assets under management
and/or administration of $7.6 billion as of September 30, 2020. 
Peapack-Gladstone Bank is a commercial bank that provides innovative wealth
management, commercial and retail solutions, including residential lending and
online platforms, to businesses and consumers.  Peapack Private, 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.  Together,
Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to
client service.  Visit www.pgbank.com and www.peapackprivate.com for
more information.

Contact:  Rosanne Schwab,
Peapack-Gladstone Bank, Assistant Vice President, Public Relations and
Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster,
NJ  07921 rschwab@pgbank.com, (908) 719-6543.