Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend

Bedminster, NJ – (NewMediaWire) – January 28, 2021 – Peapack-Gladstone
Financial Corporation (NASDAQ Global Select Market:PGC) announced on January
28, 2021 that its Board of Directors has declared a regular quarterly cash
dividend of $0.05 per share on its common stock.  The dividend will be
paid on February 26, 2021 to shareholders of record as of February 11,
2021. 

Peapack-Gladstone Financial
Corporation is a New Jersey bank holding company with total assets of $6.0
billion and AUM/AUA of $7.6 billion as of September 30, 2020.  Founded in
1921, 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 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:

Jeffrey J. Carfora, Chief
Financial Officer

Peapack-Gladstone Financial
Corporation

T: 908-719-4308