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John P. Babcock Joins Peapack-Gladstone Bank

BEDMINSTER, NJ -- (Marketwired) -- 01/07/14 -- Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack-Gladstone Bank announce the appointment of John P. Babcock to the position of senior executive vice president and president of private wealth management effective March 10, 2014.

Babcock, a resident of Mendham, NJ, will be responsible for growing the Bank's wealth management business and catapulting the Bank's innovative approach to private banking and personalized "white-glove" client service to both new and existing clients. John brings more than 33 years of experience in wealth management and private banking to Peapack-Gladstone Bank, most recently serving as managing director and the regional head of the Northeast Mid-Atlantic region for the HSBC Private Bank, responsible for leading a team of over 50 professionals delivering investment, banking, lending, brokerage, insurance and other wealth management services and advice to high net-worth families and individuals in the U.S. and abroad.

Prior to HSBC, Babcock held equally impressive and successful positions as managing director and regional CEO for U.S. Trust/Bank of America, as well as senior level positions at The Bank of New York and Summit/Fleet Bank. Mr. Babcock holds a Bachelor of Science Degree from the A. B. Freeman School of Business at Tulane University, and an MBA from Fairleigh Dickinson University.

"John is a proven leader in the wealth management space and he is a tremendous asset for Peapack-Gladstone Bank," said Doug Kennedy, President and Chief Executive Officer. "His experience in leading commercial banking, private banking and wealth management teams in NJ and the metro-New York market, provide us with a unique perspective, and align directly with our strategic plan, which focuses on the client experience and aggressively building and maintaining a private banking platform."

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $1.8 billion as of September 30, 2013. 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.

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