BEDMINSTER, NJ, United States, via eTeligis Inc., 06/17/2014 - - Peapack-Gladstone Financial Corporation (NASDAQ:PGC) announced that it will be added to the NASDAQ OMX ABA (American Bankers Association) Community Bank Index effective prior to the market open on Monday, June 23, 2014.The index is designed to track the performance of banks and thrifts, or their holding companies, listed on The NASDAQ Stock Market.The Index is intended to serve as a benchmark for investment products by including the larger and more liquid community banks.
"We are very pleased to be added to the ABA Community Bank Index," said Doug Kennedy,President &Chief Executive Officer."Our addition to the Index recognizes our growth in our market capitalization, which stood at $241 million as of June 16, 2014.We believe the ABA Community Bank Index will bring added visibility and recognition of our company as we continue to execute on our Strategic Plan -- 'Expanding Our Reach.'The plan focuses on the client experience and aggressively building and maintaining our private banking platform."
ABOUT THE COMPANY
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $2.25 billion as of March 31, 2014.Founded in 1921,Peapack-Gladstone Bank is a commercial bank that provides innovative private banking services to businesses, non-profits and consumers which help them to establish, maintain and expand their legacy. Through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, its wealth management division, and its branch network and online platforms,Peapack-Gladstone Bank offers an unparalleled commitment to client service.
Chief Financial Officer
Peapack-Gladstone Financial Corporation
SOURCE:Peapack-Gladstone Financial Corporation