Peapack Private Bank & Trust
| Industry | Banking/Private Banking/Financial Services, Wealth Management |
|---|---|
| Founded | 1921 |
| Founder | Ellis Tiger and Garner F. Hill |
| Headquarters | Bedminster, NJ |
| Website | www |
Peapack Private Bank & Trust, commonly known as Peapack Private (NASDAQ: PGC), is a publicly traded financial institution with an investment-grade credit rating. The company holds a Baa3 issuer rating from Moody’s Investors Service and a BBB+ deposit rating from Kroll Bond Rating Agency (KBRA).
History
Peapack Private was established in 1921[1] by Ellis Tiger and Garner F. Hill as Peapack-Gladstone National Bank (PGNB). The bank initially served the local community, providing essential banking services in an era when banking was conducted with passbooks and ledger cards, well before the widespread use of debit and credit cards, ATMs, or mobile banking.[2]
In recent years, the bank unified its banking and wealth management services under the name Peapack Private Bank & Trust.[1][3] The bank expanded in the New York metropolitan area,[4] operating a financial center in New York City (300 Park Avenue)[5] and commercial offices in New York City; Garden City, Melville, and Rye Brook, New York; and Lakewood, Princeton, Red Bank, Summit, and Teaneck, New Jersey, alongside multiple Financial Centers throughout New Jersey.
Leadership
- Douglas L. Kennedy: President and CEO.[6][5]
- John P. Babcock: Senior Executive Vice President and President of the bank's wealth division.
- Andrew F. Corrado: Executive Vice President of the New York location.[7]
- Maureen E. Hemhauser: Executive Vice President, Chief Risk Officer and Head of Compliance.[8]
References
- ^ a b "Peapack-Gladstone Bank announces slate of promotions, new hires". nj.com. 2011-02-27. Retrieved 2025-08-25.
- ^ "A Partner To Bank On". montclair.edu. Retrieved 2025-08-25.
- ^ "Peapack-Gladstone Financial Rebrands and Expands in NYC". NASDAQ. October 22, 2024.
- ^ "New Jersey bank swims against the tide in growing its wealth business". American Banker. 2024-03-13. Retrieved 2025-08-26.
- ^ a b "Peapack-Gladstone Bank to Rebrand as Peapack Private Bank & Trust". New Jersey Business Magazine. Retrieved 2025-08-25.
- ^ "This bank hired a hotel consultant to attract wealthy clients". American Banker. 2023-03-31. Retrieved 2025-11-12.
- ^ "Peapack-Gladstone, Dime hire away 16 teams from NYCB". bankingdive.com. Retrieved 2025-08-26.
- ^ "PGC | Peapack-Gladstone Financial Corp. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 2025-08-25.