Curated News
By: NewsRamp Editorial Staff
April 24, 2025
Peapack-Gladstone Financial Corporation Expands to Long Island with New Office Spaces in Garden City and Melville
TLDR
- Peapack Private Bank & Trust expands to Long Island, gaining advantage in tri-state area competition.
- Bank secures temporary commercial space in Melville, NY and negotiates for permanent space in Garden City.
- Bank's client-centric approach brings high-quality banking solutions to Long Island, enhancing financial services accessibility.
- Peapack Private Bank & Trust introduces private banking to Long Island, continuing successful business model expansion.
Impact - Why it Matters
This news matters as it showcases the continued growth and expansion of Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust into new markets, providing clients in Long Island with direct access to their private banking team. The move signifies the company's commitment to offering high-quality banking and wealth management solutions in the tri-state area, further solidifying their presence in the financial sector.
Summary
Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust are actively negotiating to open office space in Garden City and Melville, New York, following the successful opening of their mid-town Manhattan commercial and retail space. The bank has secured temporary commercial space in Melville and received approval to apply for new retail space in Garden City.
President and CEO, Doug Kennedy, expressed the company's expansion plans in the tri-state area, highlighting the move to Long Island as a natural step to grow their commercial business. President of Peapack Private's New York office, Andrew Corrado, emphasized the bank's successful business model and their introduction of private banking services to Long Island.
Founded in 1921, Peapack Private Bank & Trust offers a client-centric approach to banking, providing high-quality products and innovative wealth management solutions. With total assets of $7.1 billion, the bank is committed to unparalleled client service.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Peapack-Gladstone Financial Corporation Expands to Long Island with New Office Spaces in Garden City and Melville
