ADVISORY, Dec. 13, 2013 (GLOBE NEWSWIRE) --
Peapack-Gladstone Financial Corporation [PGC], a bank holding company, will visit the NASDAQ MarketSite in Times Square.
In honor of the occasion, Douglas L. Kennedy, President and CEO will ring the Closing Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Monday, December 16, 2013 – 3:45 p.m. to 4:00 p.m. ET
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About Peapack-Gladstone Financial Corporation [PGC]:
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.
For the third quarter of 2013 total loan balances of $1.40 billion reached a record level for the Company. This level reflected an increase of 27 percent from the end of September 2012 and an increase of nearly 23 percent (or over 31 percent on an annualized basis) from year end 2012. The Company's net interest income of $13.37 million for the third quarter reflected improvement when compared to $12.85 million for the third quarter of last year. The market value of assets under administration at the Company's Trust & Investment Division was $2.58 billion at September 30, 2013, an increase of 20 percent from the end of September 2012.
In November the Company announced the commencement of a Rights Offering which, coupled with Standby Institutional Investor Participation, resulted in $42 million in capital raised, before expenses, on December 12. The Standby Investors, in the aggregate, had committed well in excess of the $42 million prior to commencement of the rights offering in November.
To learn more about Peapack-Gladstone Financial Corporation and to share in The Peapack-Gladstone Experience, visit www.pgbank.com or call 908-234-0700.
About NASDAQ OMX Group:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Source:The NASDAQ OMX Group, Inc.