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Michael Tormey Is Promoted to Senior Managing Director, Wealth Advisor at Peapack-Gladstone Bank

BEDMINSTER, NJ -- (Marketwired) -- 08/26/14 -- Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack-Gladstone Bank announce the promotion of Michael Tormey to Senior Managing Director, Wealth Advisor. Mr. Tormey joined Peapack-Gladstone Bank in October 2002 bringing with him extensive wealth management experience in estate, trust and financial planning with expertise in working with high-net-worth individuals, along with their legal and tax advisors. In his current role, Michael is responsible for growing and managing the Bank's wealth management business through relationships with the legal and accounting community in Northern New Jersey providing clients with wealth, lending and deposit solutions.

From 1988 to 2002, Michael served as trust officer at JPMorgan Chase administering wealth management services which included complex trust and estate planning. Prior to that, he served as an attorney with two North Jersey law firms with a focus in the trust, estate and real estate fields.

Mr. Tormey received his Bachelor of Business Degree cum laude from Iona College in 1976, graduated from Seton Hall University School of Law and was admitted to the New Jersey State Bar Association in 1979. Michael is licensed as an active attorney in good standing with the Supreme Court of the State of New Jersey. A resident of Ringwood, New Jersey and 30-year member of the Northern New Jersey Estate Planning Council (NNJEPC), he has been involved with various charities over the years including The Arc of Essex County, Jersey Cares Coat Drive and the Charles Emil Thenen Foundation.

ABOUT THE COMPANY
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $2.40 billion as of June 30, 2014. 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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