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Peapack-Gladstone Bank Turns 100 in 2021

Bedminster, NJ – (NewMediaWire) – April 19, 2021 – Peapack-Gladstone
Financial Corporation (NASDAQ Global Select Market: PGC), and Peapack-Gladstone
Bank will celebrate the Bank’s 100th Anniversary this year, with its official
anniversary date on September 12, 2021.

Commemoration of this unique
and special occurrence will take place throughout the year in various forms.
The Bank has produced a special 100th Anniversary historical compilation that
tells the story of “100 Years of Integrity & Trust.”  This journey is
featured on the Bank’s website at www.pgbank.com/100years and
is a true glimpse into how the Bank was built, how it has evolved and how it
has grown and succeeded over a century.

“For 100 years, Peapack-Gladstone
Bank has put clients first.  Our founders understood that, as has every
president and CEO since,” said Doug Kennedy, president and chief executive
officer.  “Times may change, but values built on integrity and trust do
not.  I invite everyone to celebrate our centennial with us and enjoy a
glimpse into our history.  You will see that our core values haven’t
changed throughout the years, that our foundation is strong and that our future
success is built on the strength of our past.”

In celebration of its 100th
anniversary and to honor Board Member, Dr. Susan Cole as she retires as
President of Montclair State University in 2021, Peapack-Gladstone Bank has
pledged a $100,000 gift to the “Susan A. Cole Presidential Scholars Endowment,”
which offers scholarships to make possible the opportunity for a rigorous higher
education to talented and ambitious students without respect to the
circumstances of the family into which they were born.  As part of its
pledge, the Bank has also extended internship opportunities to Montclair State
students interested in financial services.

“For us, celebrating 100 years in
business is about so much more than fireworks and fanfare,” commented
Kennedy.  “It’s about giving back to the community, supporting the next
generation, and showing how the past can connect the future and lead to tremendous
success.”

Celebrating this milestone during
a pandemic is challenging, but throughout 2021, the Bank will honor its past by
continuing to pursue the mission its founders established so many years ago, of
providing value-added banking solutions to its communities, steeped in
integrity and trust, and with an appreciation for its founders, clients and
employees, each of whom has helped to chart the course that has made this
milestone possible.

About
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 www.pgbank.com and www.peapackprivate.com for
more information.

Contact:  Denise M. Pace-Sanders,
SVP Managing Principal, Brand and Marketing Director, dpace@pgbank.com,
908.470.3322, Peapack-Gladstone Bank, 500 Hills Drive, Suite 300, Bedminster,
NJ 07921.

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