Peapack Private Bank & Trust
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Predecessor | Peapack-Gladstone National Bank |
| Founded | 1921 |
| Founder | Ellis Tiger, Garner F. Hill |
| Headquarters | Bedminster , United States |
Area served | New York metropolitan area, New Jersey |
Key people | Douglas L. Kennedy (President and CEO), John P. Babcock (Senior EVP), Andrew F. Corrado (EVP), Maureen E. Hemhauser (EVP) |
| Products | Banking, Wealth management |
Peapack Private Bank & Trust, operating under the ticker Peapack Private (NASDAQ: PGC), is a publicly listed financial entity that maintains an investment-grade credit standing. It holds a Baa3 issuer rating from Moody’s Investors Service and has received a BBB+ deposit rating from Kroll Bond Rating Agency (KBRA).
History
Established in 1921 by Ellis Tiger and Garner F. Hill as Peapack-Gladstone National Bank (PGNB), the institution originally focused on serving its immediate community before growing into a comprehensive financial services provider. More recently, it consolidated its banking and wealth management operations under the Peapack Private Bank & Trust name.
Peapack Private has broadened its presence throughout the New York metropolitan region, with financial centers and commercial offices situated in New York City (300 Park Avenue), Garden City, Melville, Rye Brook, as well as several locations across New Jersey including Lakewood, Princeton, Red Bank, Summit, and Teaneck.
Leadership
- Douglas L. Kennedy: Serving as President and Chief Executive Officer.
- John P. Babcock: Senior Executive Vice President and head of wealth management.
- Andrew F. Corrado: Executive Vice President overseeing the New York branch.
- Maureen E. Hemhauser: Executive Vice President, Chief Risk Officer, and Compliance Leader.