Press Releases September 1, 2026 11:00 AM

Peapack Private Bank & Trust Opens New Garden City Office, Expanding Its Private Banking Presence on Long Island

Peapack Private Bank expands Long Island footprint with new Garden City office to enhance private banking services.

By Maya Rios
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Peapack-Gladstone Financial Corporation's private banking arm, Peapack Private Bank & Trust, opened a new office in Garden City, Long Island, to strengthen its presence in the New York metropolitan market. This expansion reflects the bank's commitment to serving affluent clients with personalized banking, lending, and wealth management through dedicated relationship managers in a boutique setting. The new office supports the bank's strategy to grow its client base among individuals, families, businesses, and institutions in the region.

Peapack Private Bank & Trust Opens New Garden City Office, Expanding Its Private Banking Presence on Long Island
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Key Points

  • The Garden City office opening marks a strategic expansion for Peapack Private Bank in the New York metropolitan area, targeting Long Island's affluent community.
  • The bank emphasizes a relationship-first approach with dedicated relationship managers providing tailored banking, lending, and wealth management solutions.
  • The expansion supports long-term growth ambitions to serve high-net-worth individuals, family offices, businesses, and non-profits with personalized financial services.

BEDMINSTER, N.J., Sept. 01, 2026 (GLOBE NEWSWIRE) -- - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the opening of the Company’s newly completed Garden City office, marking another milestone in the Bank's strategic expansion throughout the New York metropolitan market. The new office reinforces Peapack Private's commitment to serving Long Island's successful individuals, families, business owners, professionals, and institutions with a highly personalized approach to private banking, lending, and wealth management.

Having established a presence in Garden City, Peapack Private now welcomes clients to its permanent office, thoughtfully designed to reflect the sophisticated, relationship-focused experience that defines the Bank.

"Long Island is home to an extraordinary community of entrepreneurs, professionals, and multigenerational families who value trusted advice and enduring relationships," said Andrew Corrado, Executive Vice President and President of Peapack Private New York. "Our continued investment in this market reflects our long-term commitment to serving the region with personalized attention, deep expertise, and bespoke financial solutions that distinguish Peapack Private from the larger, more impersonal institutions. We are proud to expand our presence in Garden City and look forward to becoming a trusted financial partner for clients throughout Long Island."

Unlike traditional banking models, Peapack Private assigns every client a dedicated relationship manager who serves as a single point of contact, coordinating personalized banking, lending, commercial, trust, and wealth management solutions tailored to each client's unique goals.

Michael Fonte, Financial Center Manager of the Garden City office, said the new location was designed to provide clients with a welcoming, private environment where meaningful financial conversations can take place.

"Our new Garden City office represents more than a new location—it reflects our commitment to building lasting relationships," said Michael. "Whether you're looking for personalized banking, strategic lending solutions, or comprehensive wealth management, our team is here to provide the thoughtful guidance and exceptional service that defines Peapack Private. We invite the broader community to stop by, meet our team, and experience what private banking should be."

The Garden City office further strengthens Peapack Private's growing New York presence and supports the Bank's long-term strategy of serving affluent individuals, privately held businesses, family offices, professional services firms, commercial clients, and not-for-profit organizations throughout the region.

Founded in 1921, Peapack Private has earned a reputation for delivering sophisticated financial solutions through enduring relationships built on trust, discretion, and exceptional client service. By combining the capabilities of a full-service commercial bank with the personalized experience of a boutique private bank, Peapack Private helps clients preserve, grow, and transfer wealth while navigating every stage of their financial journey.

Clients and members of the area are invited to visit the new Garden City office to meet the local team and learn more about Peapack Private's relationship-first approach to banking.

About the Company

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $8.0 billion and assets under management and/or administration of $13.9 billion as of June 30, 2026. Founded in 1921, Peapack Private Bank & Trust is a boutique private bank serving successful individuals, families, business owners, family offices, and their trusted advisors through personalized relationships and bespoke banking, lending, wealth management, investment banking, and trust solutions. Distinguished by a relationship-first approach, every client is supported by a dedicated relationship manager who provides thoughtful guidance, seamless coordination, and access to the Bank's full breadth of expertise. The Bank's Wealth Management division delivers sophisticated investment management, fiduciary, tax, estate, and financial planning strategies designed to help clients preserve, grow, and transfer wealth across generations. Defined by discretion, exceptional service, and enduring relationships, Peapack Private is committed to helping clients achieve their financial goals while protecting the legacy they have built. For more information, visit www.peapackprivate.com.

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Contact: Denise M. Pace-Sanders, Peapack Private Bank & Trust, SVP Managing Principal, Brand and Marketing Director, 500 Hills Drive, Suite 300, Bedminster, NJ 07921 [email protected], (908) 470-3322


Risks

  • Competition from larger regional and national banks with more extensive branch networks and resources may challenge market share growth on Long Island.
  • Dependence on affluent clientele segments could increase sensitivity to economic downturns impacting wealth and lending demand.
  • Execution risk exists in maintaining personalized service and client satisfaction during rapid geographic expansion.

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