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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 10th largest bank in the state of New Jersey. It is also the 265th largest bank in the nation. It was established in 1921 and as of March of 2016, it had grown to 324 employees at 21 locations. Peapack-Gladstone Bank has an A health rating.

Reviews (4)

Very Available And Easy To Use.

Posted by: getoverit | Apr 20, 2016

This bank is known for its very friendly staff. They are quite accommodating and make you feel welcomed when you come in. On occasion they have waved some fees that I incurred as a friendly gesture to me. This happened when I called their help line and I did not have to wait very long to talk to someone. It is a benefit of smaller banks that you don't have to be put on hold so much. There aren't any fees if the minimums are made for each account and that is not very difficult for me at all. There are a lot of branches near me so it is very easy to make deposits and withdrawals whenever I need. They also have a coin counting machine which makes getting rid of change very easy. Their website has come a long way and is fine to use. I feels a little clunky at times. The savings rate is not amazing but it is pretty much the same as any other bank around.

Terrible Bank

Has Peapack Gladstone lost their minds, I have had a personal checking account with Peapack Gladstone Bank for the past 10 years. Last month I got charged $10.00 on my FREE checking account. When I called they said they changed their policy on offering free checking accounts. No mater what level of relationship you have with the bank. If you don't maintain $3000.00 in a checking account you get wacked. No over all relationship, no senior checking, no long term relationship, etc. I have different relationship levels with Chase, Santander, Sun National, PNC, BankAmerica, none of which charge a fee for my checking accounts. Most have larger foot prints area wise that Peapack Gladstone with branches across the US. Some even refund the fee that other Banks charge for using their ATM's. Not a very bright policy for a small local bank.

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. 

Absolute Worst Bank To Bank With

I actully used to work at this bank a few years ago and out of curiosity I searched the reviews up for it and found that nothing has changed. The reviews that you see are correct and aren't just frustrated customers fueled by anger. Peapack Gladstone bank like to cater to the customers with the bigger accounts (as do most banks) but could care less about anyone beneath them. When I worked there we were aloud to reverse fee charges to customer who were well known with their wealth (which charges were reversed everytime) but if your account wasn't up to their standards then you didn't stand a chance for a reversal. We also as an employee had to sign christmas cards ONLY for customers who carried big accounts with us. Peapack gladstone caters only to the rich and could care less about anyone else. My advice, bank with a bigger bank because they don't need to depend on the wealthier customers just to keep their head above water. A bigger and more reputable bank will treat you like an equal and the way you deserve to be treated.



Health
A

Health Grade Components

Overall
FDIC Certificate #11035
Year Established1921
Employees324
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD8.05%
Annual Interest Income$27.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$3.47B$2.88B
LoansQ1 2016vs Q1 2015$3.04B$2.43B
DepositsQ1 2016vs Q1 2015$3.05B$2.53B
Equity CapitalQ1 2016vs Q1 2015$281.6MM$238.2MM
Loan Loss AllowanceQ1 2016vs Q1 2015$27.3MM$20.8MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$7.3MM$6.3MM
Real Estate OwnedQ1 2016vs Q1 2015$861.00K$1.1MM
Rates

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Locations

Peapack-Gladstone Bank has 21 locations. Click to view all Peapack-Gladstone Bank locations.