Peapack-Gladstone Financial Corporation, the holding company for Peapack Private, a division of Peapack-Gladstone Bank, has executed plans to move into New York City by finalizing its lease on both office and retail space at 300 Park Avenue.
The move to Midtown has been in the works since the Company originally announced New York expansion plans in July of 2023, and began recruiting top level talent from the tri-state area.
“We are seizing the opportunity to grow our private banking business into New York after the volatility of 2023,” said Peapack-Gladstone Bank President & CEO Doug Kennedy. “There’s no better place to do that than on Park Avenue, and we are excited to begin this chapter of our journey.”
The flagship location features 10,000 square feet of office space on the 13th floor and 6,000 square feet of luxury retail space on the first floor.
“The space on Park Avenue is stunning and puts us on equal footing with our competitors,” said Jeanne Scungio, president of the New York market. “We are excited for the challenge that New York represents and even more excited to welcome new clients to private banking with Peapack Private.”
About the Company
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.5 billion and assets under management and/or administration of $10.9 billion as of Dec. 31, 2023. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and retail solutions. Peapack Private 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 to establish, maintain and expand their legacy.
