|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||14.87 - 15.68|
|52 Week Range||11.15 - 31.72|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||8.60|
|Earnings Date||Oct 23, 2020 - Oct 27, 2020|
|Forward Dividend & Yield||0.20 (1.29%)|
|Ex-Dividend Date||Aug 10, 2020|
|1y Target Est||22.75|
Elisa DePalma Elisa DePalma, Head of Commercial Closing at Peapack-Gladstone BankBedminster, NJ, Sept. 21, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire \-- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Elisa DePalma, Senior Vice President, Head of Commercial Closing, Credit Risk Management. Working out of the Bank’s Teaneck location, Elisa oversees management of the Commercial Closing Department. Ms. DePalma is a demonstrated leader and team player and will reinforce and expand positive working relationships across the Bank. She is responsible for management and oversight of the team whose core functions are loan closing and funding, documentation preparation and ordering third party due diligence. Her focus is to improve the closing process and provide excellent service to Peapack-Gladstone Bank clients. Elisa also supports the closing of commercial loans in several lines of business at the Bank including Investment Banking, Commercial Real Estate (CRE), Multifamily Lending, Commercial and Industrial (C&I) Lending, Wealth Management and Community Banking. Previously, Ms. DePalma served as Senior Vice President, Commercial Closing Department, Commercial Real Estate (CRE) for Capital One, National Association in Fairfield, NJ where she elevated and streamlined closing processes resulting in improved client experience. Prior to that at Citigroup Global Markets Realty Corp., New York, NY, Elisa was Director, Commercial Mortgage Finance for Commercial Mortgage-Backed Securities (CMBS) where she was actively involved in $20 billion of commercial loans from application and commitment to closing.Elisa holds a Bachelor of Arts degree from Douglass College, Rutgers State University and Juris Doctor from Shepard Broad College of Law, Nova Southeastern University, Fort Lauderdale, FL. She holds licenses to practice law in both New Jersey and Florida.About Peapack-Gladstone BankFounded in 1921, Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of $6.3 billion and wealth management assets under management and/or administration of $7.2 billion as of June 30, 2020. 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 establish, maintain and expand their legacy. Together, Peapack-Gladstone Bank, Peapack Private and Peapack Capital, offer an unparalleled commitment to client service. Visit www.pgbank.com and www.peapackprivate.com for more information.Contact: Rosanne Schwab, Peapack-Gladstone Bank, Assistant Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ 07921 firstname.lastname@example.org, (908) 719-6543.Attachment * Elisa DePalma
Bedminster, NJ, Sept. 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Peapack-Gladstone Bank, the wholly owned subsidiary of Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC), announced the sale of $354.9 million of Paycheck Protection Program loans to The Loan Source, Inc. The Bank expects to realize a pre-tax gain of approximately $7.4 million in the current quarter as a result of the sale. After giving effect to the sale, Peapack-Gladstone Bank will hold approximately $203.5 million of Paycheck Protection Loans, almost all of which exceed $2.0 million in original principal amount. “Our employees worked around the clock to process thousands of PPP loan applications over the past few months,” stated Doug Kennedy, President and CEO. “It’s been a tremendous effort, and now it’s time to continue helping our clients navigate the economic impact of COVID-19 by partnering with a long-standing and respected SBA small business lending company, with deep knowledge and focus on PPP, to take over the forgiveness and ongoing servicing process. We expect the sale of the PPP loans to allow a return to a more normal course of business, freeing up staff to focus on traditional lending efforts and providing excellent service to our clients.”The Loan Source and its servicing partner, ACAP SME, LLC, have invested heavily in technologies and personnel to aid PPP borrowers through the forgiveness process via an online portal. ABOUT PEAPACK-GLADSTONE BANKFounded in 1921, Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.3 billion, and wealth management assets under management and/or administration of $7.2 billion as of June 30, 2020. 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. For over four generations, Peapack Private, the Bank’s wealth management division, has offered 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 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.FORWARD-LOOKING STATEMENTSThis press release may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management’s expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties that could cause the actual results to differ materially from those described in this press release. You should not rely on forward-looking statements as a prediction of future events. Additional information regarding factors that could cause actual results to differ materially from those discussed in any forward-looking statements are described in reports and registration statements we file with the SEC, including our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, copies of which can be obtained without charge by visiting the SEC’s website at www.sec.gov. Peapack disclaims any obligation to update any forward-looking statements or any changes in events, conditions or circumstances upon which any forward-looking statement may be based except as required by law.Contact: Denise M. Pace-Sanders, Senior Vice President Brand and Marketing Director, email@example.com, 908.470.3322, Peapack-Gladstone Bank, 500 Hills Drive, Suite 300, Bedminster, NJ 07921.
Doug Kennedy has been the CEO of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) since 2012, and this article...