Peapack Private Bank & Trust
Peapack Private Bank & Trust, commonly known as Peapack Private , is a publicly traded financial institution with an investment-grade credit rating. The company holds a Baa3 issuer rating from Moody’s Investors Service and a BBB+ deposit rating from Kroll Bond Rating Agency.
History
Peapack Private was established in 1921 by Ellis Tiger and Garner F. Hill as Peapack-Gladstone National Bank. The bank initially served the local community, providing essential banking services in an era when banking was conducted with passbooks and ledger cards, well before the widespread use of debit and credit cards, ATMs, or mobile banking.In recent years, the bank unified its banking and wealth management services under the name Peapack Private Bank & Trust. The bank expanded in the New York metropolitan area, operating a financial center in New York City and commercial offices in New York City; Garden City, Melville, and Rye Brook, New York; and Lakewood, Princeton, Red Bank, Summit, and Teaneck, New Jersey, alongside multiple Financial Centers throughout New Jersey.