Peapack-Gladstone Bank to Open a New Location

Bedminster, NJ – (NewMediaWire) – March 16, 2021 – Peapack-Gladstone
Financial Corporation (NASDAQ Global Select Market: PGC) is opening a new
retail branch location.  Intent on expanding its reach into the
communities of Boonton, Boonton Township and Mountain Lakes, NJ, the newest
Peapack-Gladstone Bank will be located at 104 Ely Place, Boonton.  It will
be the 20th retail space for the bank and its seventh in Morris County.

“As we celebrate 100 years in
business, we are focused on growth and remain committed to providing clients
financial solutions to get through this challenging time in our history,” said
Doug Kennedy, president and chief executive officer. “This location allows us
to expand our presence in Morris County.  And personally, as a member of
the surrounding community, it allows me to introduce a style of banking that I
am extremely proud of to my very own neighbors.”

This will be a full-service
retail space that offers personal and business banking solutions as well as
wealth management, investment banking and consumer and commercial lending. 
The location will also be the hub for the Bank’s Professional Services division
led by William “Bill” Gascoigne, a life-long resident of Boonton Township and
Mountain Lakes, career banker and tenured leader with over 40 years of
financial industry experience.  Bill and his team, including Michael
Buczynski, another local resident who joined the Bank in 2017, offer
professional services firms a wide variety of lending and depository services
including collection, payment and liquidity management solutions that provide
maximum control, processing efficiency and convenience, to help businesses

“I’m proud to be a part of
opening this location and supporting my hometown,” said Gascoigne.  “We
offer a local, community-focused view on financial services that I believe most
people need and are looking for.”

Robert Plante, chief operating
officer, commented, “I’ve lived in this area for over 20 years and I’m thrilled
we’re opening here.  We have the products, platforms, and the right people
to deliver an exceptional client experience.  I’m looking forward to
providing the Tri-Town area Peapack-Gladstone Bank services and solutions,
designed specifically to keep them moving forward.”

Under current Covid-19 restrictions, the branch will
offer traditional hours with fully operational drive-up services, a 24-hour
ATM, safe deposit boxes, and night deposit services.  Although the lobby
will remain closed for now, virtual appointments can be made using Zoom to open
accounts or alternatively, accounts can be opened online using the Bank’s
online account application found at  The
branch is expected to officially open for business early April.

the Company

Peapack-Gladstone Financial Corporation is a New Jersey
bank holding company with total assets of $5.9 billion and assets under
management and/or administration of $8.8 billion as of December 31, 2020. 
Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides
innovative wealth management, investment banking, 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 to establish, maintain and
expand their legacy.  Together, Peapack-Gladstone Bank and Peapack Private
offer an unparalleled commitment to client service.  Visit and for
more information.

Contact:  Denise M. Pace-Sanders,
Senior Vice President Brand and Marketing Director,,
908.470.3322, Peapack-Gladstone Bank, 500 Hills Drive, Suite 300, Bedminster,
NJ 07921.

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