As previously announced, on April 18, 2013, the Board of Directors declared a regular cash dividend of $0.05 per share payable on May 16, 2013 to shareholders of record on May 2, 2013.
On April 19, 2013 the Company filed a Form S-3 Registration Statement registering an indeterminate amount of shares/securities not to exceed $50 million, to be issued in the future from time to time at indeterminate prices ("Shelf Registration"). Mr. Kennedy noted, "This Shelf Registration will enable us to efficiently take advantage of the capital markets from time to time in the future, as needed to support growth associated with our Strategic Plan." Mr. Kennedy went on to say, "We will be very careful in any decision to issue capital, making our decision only after appropriate and comprehensive analysis and vetting."
In accordance with its By-Laws, the Company's Annual Meeting will be held on April 23, 2013, at 2:00 p.m. on the first floor of its headquarters building at 500 Hills Drive, Bedminster, New Jersey.
ABOUT THE COMPANY
Peapack-Gladstone Financial Corporation is a bank holding company with total assets of $1.64 billion as of March 31, 2013. Peapack-Gladstone Bank, its wholly-owned commercial bank, was established in 1921, and has 23 branches in Somerset, Hunterdon, Middlesex, Morris and Union Counties. The Bank's wealth management division, PGB Trust & Investments, operates at the Bank's corporate offices located at 500 Hills Drive in Bedminster and at four other locations in Clinton, Morristown and Summit, New Jersey, and at the Bank's new subsidiary, PGB Trust & Investments of Delaware in Greenville, Delaware. To learn more about Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank's products and services please visit our website at www.pgbank.com or call 908-234-0700.
The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as "expect", "look", "believe", "anticipate", "may", or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to
•a continued or unexpected decline in the economy, in particular in our New Jersey market area; •declines in value in our investment portfolio; •higher than expected increases in our allowance for loan losses; •higher than expected increases in loan losses or in the level of nonperforming loans; •unexpected changes in interest rates; •inability to successfully grow our business and implement our strategic plan; •inability to manage our growth; •a continued or unexpected decline in real estate values within our market areas; •legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and related regulations) subject us to additional regulatory oversight which may result in increased compliance costs; •successful cyber attacks against our IT infrastructure and that of our IT providers; •higher than expected FDIC insurance premiums; •lack of liquidity to fund our various cash obligations; •reduction in our lower-cost funding sources; •our inability to adapt to technological changes; •claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters; and •other unexpected material adverse changes in our operations or earnings.
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Questions Remain in Jenni Rivera's Death
- Unemployed Wait as Lawmakers Debate
- Harley Issues Motorcycle Recall
- General Dynamics Plans 200 New Jobs in N.M.
- Auto Dealer Builds Big Solar Project
- Entrepreneurs' Next Creation May Be New Laws
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Dell Offers Undisclosed Number of Employee Buyouts