Peapack Private Bank & Trust has marked its significant presence in Manhattan by opening a flagship Financial Center at 300 Park Avenue, offering a personalized banking alternative to larger institutions. This 6,000 square foot facility on the first floor is designed to provide a bespoke banking experience, complementing the bank's existing 13th-floor office space that houses over 100 private bankers and relationship managers since 2023.
With a history dating back to 1921, Peapack-Gladstone Financial Corporation brings over a century of banking expertise to its New York City expansion. The institution reported total assets of $7.0 billion and assets under management and/or administration of $11.9 billion as of December 31, 2024. This expansion is a strategic move to blend advanced technology with a client-focused philosophy, aiming to stand out in New York's competitive financial sector.
The Financial Center is set to offer a wide range of services including wealth management, investment banking, commercial banking, and personal banking solutions. Its wealth management division is particularly focused on providing specialized financial advice to individuals, families, privately held businesses, family offices, and non-profit organizations. This initiative reflects Peapack Private Bank & Trust's dedication to growth and its mission to support clients in building and expanding their financial legacies through innovative and tailored banking services.
