Our Client Testimonials

Primetac Acquisition

“Our experience working with Peapack-Gladstone Bank was fantastic. As a Private Equity Investor, we typically bring in our own lending relationships when acquiring a new platform and have a very high bar for maintaining the incumbent lender. However, as soon as we met the PGB team, we knew we had a great potential lending partner, eager to continue working with a business they had supported for years. Not only did the Bank offer a creative and competitive financing proposal, but the team’s intimate knowledge of Primetac’s business and deep relationship with the selling shareholders facilitated a smooth transaction and post-closing transition process. We appreciate PGB’s continued support of Primetac and look forward to working with them on other transactions at Akoya.”
Pat Riley, Akoya Capital

Akoya Capital and Tecum Capital Partners own Primetac Acquisition, a leading U.S.-based importer and contract manufacturer of pressure sensitive tapes and stretch films. Primetac offers wholesale distributors a relentlessly quality-oriented solution for carton sealing tape applications. The company’s innovative approach to quality control has been developed in-house over 15 years and has resulted in a unique, high shear line of tapes and cast stretch films. Primetac offers all three adhesive technologies for carton sealing: water-based acrylic tapes with the highest adhesive coat weights in the industry, synthetic hot melt rubber adhesive with exceptional shear for recycled fiberboard, and solvent natural rubber tapes for the most demanding applications.

Lisa Gallo-Conklin, Commercial Private Banker, Peapack-Gladstone Bank
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