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Craig Spengeman, the president of Peapack-Gladstone Financial's (PGC) wealth management unit, is retiring.
September 11 -
Peapack-Gladstone Financial Corp. (PGC) in Bedminster, N.J., has hired a Morgan Stanley executive as its new risk head.
May 2 -
The president and chief operating officer of Peapack-Gladstone Financial (PGC) will leave the Bedminster, N.J., company at the end of the year.
November 20 -
Peapack-Gladstone Financial (PGC) in Bedminster, N.J., said that it doesn't expect any material losses tied to damage Hurricane Sandy inflicted on collateral properties.
November 7
Peapack-Gladstone Financial (PGC) in Bedminster, N.J., has launched a $42 million rights offering.
The $1.8 billion-asset company said Friday that it would issue subscription rights to shareholders that will entitle them to buy about 0.27 share of common stock at $17 a share. Shareholders as of Oct. 21 will receive one subscription right for each share of common stock owned.
Any unsold shares will be offered to institutional investors at the same price. The rights offering will expire on Dec. 9.
Peapack-Gladstone expects to net $40.5 million from the sale. It plans to use the funds for general corporate purposes, which may include increasing capital, pursuing expansion plans or targeting other strategic opportunities.
