Peapack-Gladstone Financial Corporation (PGC)

25.65 +0.31 (+1.22%) At close: 04:00PM EDT

Peapack-Gladstone Financial Corporation

500 Hills Drive
Suite 300
Bedminster, NJ 07921
United States
908 234 0700
https://www.pgbank.com

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 520

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Douglas L. Kennedy	Pres, CEO & Director	1.72M	N/A	1957
Mr. Frank A. Cavallaro	Sr. EVP & CFO	546.16k	N/A	1969
Mr. Robert A. Plante	Exec. VP & COO	549.05k	N/A	1960
Mr. John P. Babcock	Sr. EVP & Pres of Peapack Private Wealth Management	1.05M	N/A	1958
Mr. Gregory Martin Smith	Sr. Exec. VP & Pres of Commercial Banking	587.8k	N/A	1967
Mr. Francesco S. Rossi	Sr. VP & Chief Accounting Officer	N/A	N/A	1976
Mr. Eric H. Waser	Exec. VP & Head of Investment Banking	N/A	N/A	1961
Mr. Kevin B. Runyon	Exec. VP, Chief Information & Digital Officer and Head of Information Technology	N/A	N/A	N/A
Ms. Maureen E. Hemhauser	Exec. VP, Chief Risk Officer & Head of Compliance	N/A	N/A	N/A
Rosanne Schwab	Assistant VP of PR & Corp. Communications Mang.	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

Corporate governance

Peapack-Gladstone Financial Corporation’s ISS governance QualityScore as of 28 September 2023 is 3. The pillar scores are Audit: 9; Board: 3; Shareholder rights: 2; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.