Overview / Commentary
Peapack-Gladstone Bank is headquartered in BEDMINSTER and is the 8th largest bank in the state of New Jersey. It is also the 225th largest bank in the nation. It was established in 1921 and as of June of 2024, it had grown to 600 employees at 19 locations. Peapack-Gladstone Bank has a B+ health rating.
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Reviews (1)
Nice While It Lasted
Posted by: Kitty102030 | Dec 21, 2022
I've had a completely free account with this bank for a few years now. I was notified in a December 15, 2022, letter of updated terms for my account of a new minimum balance requirement of $20,000 (you read that right--TWENTY THOUSAND DOLLARS) or a MONTHLY service fee of $30 (again, you read that right--THIRTY DOLLARS EVERY MONTH).
No further comments.
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11035 |
| Year Established | 1921 |
| Employees | 600 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 5.5% |
| Annual Interest Income | $158.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $6.5B$6.48B |
| Loans | Q2 2024vs Q2 2023 | $5.2B$5.39B |
| Deposits | Q2 2024vs Q2 2023 | $5.68B$5.22B |
| Equity Capital | Q2 2024vs Q2 2023 | $696.6MM$677.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $68MM$62.7MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $82.1MM$34.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
