Peapack Private Bank & Trust opens flagship branch in NYC

On April 21, 2025, Peapack-Gladstone Financial Corporation, based in New Jersey, officially inaugurated its flagship banking location in New York City. The new branch is situated at 300 Park Avenue, prominently located at the corner of Park Avenue and 50th Street. This opening complements an already established office space on the 13th floor, which was launched in 2023. With a commitment to providing exceptional banking services, Peapack Private Bank & Trust aims to attract new clients seeking a heightened banking experience. The establishment of this flagship location is a strategic move by Peapack-Gladstone Financial Corporation, which has total assets amounting to $7.0 billion and assets under management and/or administration totaling $11.9 billion as of December 31, 2024. The New York City location is designed to enhance client relations by offering personalized banking services through a team of relationship managers. Clients are encouraged to visit the Financial Center or explore scheduling private appointments through their website. As the financial landscape evolves, competitive banking institutions are continually looking for ways to differentiate themselves and meet the demands of clients. With this new branch, Peapack Private Bank & Trust is positioned to compete effectively in the bustling market of New York City, a key financial hub in the United States. The bank prides itself on its commitment to unparalleled client service, which reflects its philosophy and operational approach in delivering financial services. Investors and clients are likely to keep a close watch on Peapack-Gladstone Financial Corporation as it expands its footprint. This move could potentially impact the bank's market share and help them gain a stronger presence in the highly competitive New York financial sector. In addition to expanding their operational reach, this also reinforces their brand as a reputable banking entity committed to excellence in client service.