From a small, local cooperative that began with eight grocery store owners, Wakefern Food Corp. has grown into the largest retailer-owned cooperative in the United States. Founded in 1946, the cooperative comprises 50 members who today independently own and operate 354 supermarkets under the ShopRite, The Fresh Grocer, Price Rite Marketplace and Dearborn Market banners in New Jersey, New York, Connecticut, Pennsylvania, Maryland, Delaware, Massachusetts, Rhode Island, New Hampshire and Virginia. Together with its member companies, Wakefern employs more than 70,000 people, and is one of the largest employers in New Jersey. For more information, please visit www.wakefern.com.
“ Peapack-Gladstone Bank’s commitment to its clients is a value we share at Wakefern Food Corp., where we also believe strongly in providing top-notch service and support to our customers and retailer members. The bankers at Peapack-Gladstone Bank understand our business model and work closely with us to help achieve our goals. That kind of support is essential in a competitive world and allows us to help our members achieve their goals.”