Peapack-Gladstone Financial declares $0.05 quarterly cash dividend

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Reviewed by
Naman SScanX News Team
Key Highlights

Peapack-Gladstone Financial Corporation declared a $0.05 per share quarterly cash dividend, payable on August 27, 2026. The New Jersey bank holding company, which holds $8.0 billion in total assets, continues to support its shareholder base through consistent capital returns.

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Peapack-Gladstone Financial Corporation (NASDAQ: PGC) declared a regular quarterly cash dividend of $0.05 per share on its common stock, providing shareholders with a direct return on equity. The Board of Directors approved the payout on July 30, 2026, maintaining the bank holding company’s commitment to capital distribution amid its continued asset growth. The dividend will be paid on August 27, 2026, to shareholders of record as of August 13, 2026.

The declaration reflects the financial stability of the New Jersey-based institution, which reported total assets of $8.0 billion as of June 30, 2026. Additionally, the company manages $13.9 billion in assets under management and/or administration, underscoring its significant footprint in wealth management and private banking services.

Dividend Details

Shareholders should note the specific dates associated with this quarterly distribution:

Event Date
Declaration Date July 30, 2026
Record Date August 13, 2026
Payment Date August 27, 2026
Dividend Per Share $0.05

Business Overview

Founded in 1921, Peapack-Gladstone Financial Corporation operates through its subsidiary, Peapack Private Bank & Trust. The boutique private bank serves successful individuals, families, business owners, family offices, and their trusted advisors. The firm distinguishes itself through a relationship-first approach, where every client is supported by a dedicated relationship manager providing personalized guidance and access to the Bank’s full breadth of expertise.

The Bank’s Wealth Management division offers sophisticated investment management, fiduciary, tax, estate, and financial planning strategies. These services are designed to help clients preserve, grow, and transfer wealth across generations, emphasizing discretion, exceptional service, and enduring relationships.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might the current interest rate environment impact Peapack-Gladstone's net interest margin and its ability to sustain this dividend level in future quarters?

Given the $13.9 billion in assets under management, what strategies is the firm employing to retain high-net-worth clients amid increasing competition from larger regional banks?

Will the company consider special dividends or share buybacks as alternative capital return mechanisms if asset growth continues to outpace organic lending opportunities?

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Peapack Private appoints Paul Kotronis to lead commercial real estate

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Reviewed by
Riya DScanX News Team
Key Highlights

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust appointed Paul Kotronis as Senior Managing Director, Commercial Real Estate, on July 10, 2026. Kotronis will expand the bank's commercial real estate lending platform and strengthen its presence in New York and New Jersey. He brings over 20 years of experience, including managing a $5 billion portfolio at Signature Bank.

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Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have appointed Paul Kotronis as Senior Managing Director, Commercial Real Estate, effective July 10, 2026. Kotronis will support and expand the bank's commercial real estate lending platform, drive relationship-based deposit growth, and strengthen Peapack Private's presence in the New York and New Jersey markets.

Joseph Fingerman, Senior Managing Director and President of Commercial Real Estate at Peapack Private Bank & Trust, highlighted Kotronis's extensive experience and leadership. "Paul's extensive commercial real estate lending experience, deep market relationships, and proven leadership make him an exceptional addition to our team," Fingerman said. "His expertise in multifamily and commercial real estate finance will further enhance our ability to serve clients and support the continued growth of our lending platform."

Kotronis brings over 20 years of commercial real estate finance experience, with a track record of building large-scale lending platforms and managing multi-billion-dollar portfolios. He is recognized for balancing business growth with disciplined risk management and regulatory compliance. Prior to joining Peapack Private, he served as Group Director and Senior Vice President, CRE Group, at Signature Bank, where he managed a $5 billion commercial real estate portfolio and originated more than $4 billion in multifamily and commercial real estate loans.

Professional Background

Kotronis's career includes leadership roles at several financial institutions:

Organization Role Key Responsibilities
Signature Bank Group Director and Senior Vice President, CRE Group Managed $5 billion portfolio, originated $4 billion in loans
A&E Real Estate Finance Director and Senior Vice President Launched new debt fund platform, developed lending policies
Santander Bank Leadership roles Commercial real estate lending, underwriting, portfolio management
New York Commercial Bank Leadership roles Relationship management, underwriting, portfolio management

Kotronis earned an MBA in Finance and Real Estate from the Zicklin School of Business at Baruch College and a Bachelor of Arts in Economics with a minor in Mathematics from Hunter College. He is active in the community, serving as Co-Chairman and Benefactor of the Annual Greek Independence Day Parade and as a board member of the Federation of Hellenic Societies.

About Peapack-Gladstone Financial Corporation

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.7 billion and assets under management and/or administration of $13.1 billion as of March 31, 2026. Founded in 1921, Peapack Private Bank & Trust offers client-centric banking, wealth management, investment banking, and commercial and personal banking solutions. The bank's wealth management division provides financial, tax, fiduciary, and investment advice to individuals, families, businesses, family offices, and not-for-profit organizations.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will Kotronis's expertise in multifamily finance influence Peapack's lending strategy in the current interest rate environment?

What specific targets has Peapack set for commercial real estate loan growth following this appointment?

Will Peapack seek to acquire additional talent or portfolios to accelerate its expansion in the New York market?

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