SOURCE: Peapack-Gladstone Financial Corporation

Peapack-Gladstone Financial Corporation

August 03, 2016 09:54 ET

Peapack-Gladstone Bank Designated a Small Business Administration Preferred Lender

BEDMINSTER, NJ--(Marketwired - Aug 3, 2016) - Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack-Gladstone Bank (the "Bank") are proud to announce the Bank's designation by the U.S. Small Business Administration (SBA) as a Preferred Lender within the SBA Preferred Lender Program (PLP). The Bank introduced its SBA lending division in 2015. This new designation offers the bank the ability to streamline the process of providing financial assistance to eligible small businesses.

Under the PLP, the SBA delegates final credit decisions and most servicing and liquidation authority and responsibility to carefully selected PLP Lenders. Earning PLP designation is proof of a successful track record with the SBA, and a demonstration of proficiency in processing and servicing SBA-guaranteed loans.

Andrew Glatz, Senior Managing Director and Head of SBA at Peapack-Gladstone Bank, is responsible for furthering the growth of the bank's SBA business with a focus on providing new and existing clients exceptional, personalized service. "We are thrilled to be awarded the SBA's Preferred Lender designation. It is validation of our lending performance, commitment and dedication to helping the small business community to continue to grow and prosper," said Glatz.

For over 60 years, the goal of the SBA has been to support our nation's overall economy and help individuals start, build and grow their businesses. Peapack-Gladstone Bank's SBA Lending Division provides qualifying small business owners tailored assistance to support their financing needs, and to help their businesses succeed.

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $3.60 billion as of June 30, 2016. 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 private wealth management, commercial private banking, retail private banking and residential lending divisions, along with its online platforms, Peapack-Gladstone Bank offers an unparalleled commitment to client service.

Contact Information

  • Peapack-Gladstone Bank
    Denise Pace-Sanders
    Vice President, Brand and Marketing Director
    500 Hills Drive, Suite 300
    Bedminster, NJ 07921
    dpace@pgbank.com
    (908) 470-3322