Peapack-Gladstone Financial Corporation · Gladstone, NJ United States ·(NASDAQ (GS): PGC)
Company Description
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This link will open in a new window Peapack-Gladstone Financial hopes its customers are happy as peas in a pod. The company is the parent of Peapack-Gladstone Bank, which operates more than 20 branches serving New Jersey's Hunterdon, Morris, Somerset, and Union counties. Founded in 1921, the bank serves area individuals and small businesses by providing such traditional services as checking, savings, and money market accounts; CDs; IRAs; and credit cards. It offers trust and investment management services through its PGB Trust and Investments unit. Mortgages secured by residential properties represent about half of the company's loan portfolio. The bank also originates commercial real estate, construction, consumer, and business loans To read the full description, subscribe now.
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Key Peapack-Gladstone Financial Corporation Financials
| Company Type | Public - NASDAQ (GS): PGC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $5.0 |
| 2008 Employees | 278 |
Peapack-Gladstone Financial Corporation Executives
73 executives listed for Peapack-Gladstone Financial Corporation's Gladstone, NJ location.
| Title | Name & Bio | Contact |
| Chairman and CEO, Peapack-Gladstone Financial and Peapack-Gladstone Bank | Frank Kissel | Network |
| President, COO, and Director; President and COO, Peapack-Gladstone Bank | Robert Rogers | Network |
| EVP and CFO, Peapack-Gladstone Financial and Peapack-Gladstone Bank | Jeffrey Carfora | Network |
Competition
Competitive Landscape for Peapack-Gladstone Financial Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Peapack-Gladstone Financial Corporation Competitors
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