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Overview / Commentary
908-234-0700
190 Main St
Gladstone, NJ 07934

Peapack-Gladstone Bank is headquartered in Gladstone and is the 11st largest bank in the state of New Jersey. It is also the 313st largest bank in the nation. It was established in 1921 and as of June of 2014, it had grown to 319 employees at 23 locations. Peapack-Gladstone Bank has a A health rating.

Reviews (1)

Peapack Gladstone Bank Attorney Trust Account

My company banks with the above mentioned bank. They put $116.00 into my Trust Account that was not mine.  I found this mistake and brought it to their attention.  They said they mistakenly put some other persons money in my Attorney Trust Account.  This is scary and they are quite indignant when  you question them about their mistakes.  They clearly run their bank under the philosophy that he who has the bigger stick wins.  Quite a foolish attitude to take when they are operating in such a small Community.  They also favor certain people when it comes to assessing or not assessing fees.  If you are an average middle class american working to make ends meet this is not the bank for you they only favor the wealthy. 



Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Peapack-Gladstone Bank had $7.57 million in non-current loans and owned real-estate with $192.31 million in equity and loan loss allowances on hand to cover it. This gives Peapack-Gladstone Bank a Texas Ratio of 3.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Peapack-Gladstone Bank decreased dramatically from 8.46% as of June 30, 2013 to 3.94% as of June 30, 2014, resulting in a positive change of 53.44%.This indicates that the balance sheet and financial strength for Peapack-Gladstone Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Peapack-Gladstone Bank has increased its total deposits by $596.9 million, resulting in 39.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Peapack-Gladstone Bank has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Peapack-Gladstone Bank has $2.4 billion in assets with $192.31 million in equity, resulting in a capitalization level of 8.01%, which is average.

Institution Statistics

Overall
FDIC Certificate #11035
Year Established1921
Employees319
Primary RegulatorFED
Assets and Liabilities
Assets$2.40 billion
Loans$1.86 billion
Deposits$2.12 billion
Equity Capital$175.11 million
Loan Loss Allowance$17.20 million
Unbacked Noncurrent Loans$6.54 million
Real Estate Owned$1.04 million
Historic Data - June 2013
Assets$1.68 billion
Equity Capital$121.62 million
Loan Loss Allowance$13.44 million
Unbacked Noncurrent Loans$6.54 million
Real Estate Owned$3.35 million
Profit Margin - Quarterly
Return on Assets0.63%
Return on Equity8.22%
Interest Income$35.58 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Peapack-Gladstone Bank, we are a rate comparison website and can not provide official rates or promotions.

Peapack-Gladstone Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--IRA Savings
0.40%--Roth IRA Savings
0.10%--PGB Sensible Savings
0.05%--Pony Club Savings
0.05%$100-Statement Savings

Peapack-Gladstone Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$5k-High Yield IMMA
0.15%$500k-Money Market Account

Peapack-Gladstone Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.02%-$15kRewards Checking - Qualifying
0.03%$1,200-Interest-Bearing (Corporate)
0.01%--Rewards Checking - Non Qualifying

Peapack-Gladstone Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-45 Month CD (New Money only)
1.30%$500-35 Month CD (New Money only)
1.15%$500-25 Month CD (New Money only)
0.85%$500-60 Month CD
0.60%$500-4 Year CD
0.40%$500-3 Year CD
0.30%$500-2 Year CD
0.25%$500-18 Month Bump Up CD
0.25%$500-18 Month CD
0.20%$500-14 Month CD
0.15%$500-11 Month CD
0.15%$500-1 Year CD
0.10%$500-91 Day CD
0.10%$500-182 Day CD

Peapack-Gladstone Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-45 Month IRA (New Money only)
1.30%$500-35 Month IRA (New Money only)
1.15%$500-25 Month IRA (New Money only)
0.85%$250-60 Month IRA
0.30%$250-24 Month IRA
0.25%$250-18 Month IRA
0.15%$250-12 Month IRA
0.10%$250-6 Month IRA
Locations

Peapack-Gladstone Bank has 23 locations. Click to view all Peapack-Gladstone Bank locations.