Our Client Testimonials

Pacon Manufacturing

“ I have been managing banking relationships for over 30 years, and have never seen a bank, or more appropriately a team, respond to our circumstance the way Peapack-Gladstone Bank and Peapack Capital did. They are incredibly nimble, but at the same time, very sophisticated in their approach. Banks will sell you on the concept of exceptional service, of understanding you as a customer, but for this Bank, it’s not a sales tool, it’s a way of doing business. We are fortunate to have found Peapack-Gladstone Bank, and look forward to growing our business with them!”
Mike Shannon, Chairman

Founded in 1949, Pacon Manufacturing produces medical devices and consumer products as a contract manufacturer. Recently, the company’s focus has been on the growing wipes market, using its years of experience in handling roll goods to become a leader in the field. Pacon is known for its ability to innovate, engineer solutions, and deliver those solutions on time. These skills have made Pacon a key supplier to many of the large consumer goods companies in the wipes business today.

Eric Wong, Commercial Private Banker, Peapack-Gladstone Bank
Richard Johnston, Director of Capital Markets, Peapack Capital
Dear Valued Shareholder,

On behalf of Peapack-Gladstone Financial Corporation and all of its wholly owned divisions and subsidiaries, I hope you and your families are safe and healthy.

These are certainly unprecedented times for everyone, but it is during times like these that I find comfort and security in knowing that I am not alone. It is my hope that you feel the same, and that you know Peapack-Gladstone Bank and its team of hard-working employees are here for you.

For nearly 100 years, we have put our clients and our communities first. These are two of our most important core principles, which we stand by each and every day. These statements truly define who we are and exemplify our commitment to doing the right thing, providing a trusted relationship for clients, even during extremely difficult times.

The theme of our 2019 Annual Report is “Focused on the Client.” The decision to follow this theme throughout the Report was made well before the Coronavirus entered our lives, but I feel strongly that it rings even more true today than ever before. Although much has changed during the last few months, our commitment to our clients, and our focus on our clients, will never waiver. Whether it is through support of our community organizations in need with funds or volunteers, or through loan or financing relief for our commercial and consumer clients, or specifically through offering Paycheck Protection Program assistance for our small businesses, we will always provide a steady hand.

I am proud of our 2019 accomplishments and that we were able to deliver a seventh year of record results for our shareholders. The enclosed report tells our story, which I hope you will also take pride in.

As we look ahead to our new normal, we will continue to keep our shareholders, our clients, our communities and our employees at the forefront. This will drive our success.

Respectfully yours,

Douglas L. Kennedy
President & CEO
Peapack-Gladstone Bank