Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announced that its subsidiary, Peapack Private Bank & Trust, has been named one of the 2025 Best Banks to Work For by American Banker. The recognition, awarded in partnership with Best Companies Group, highlights banks that excel in creating positive and supportive workplaces for employees. This year, 90 banks earned a spot on the list, which is based on an anonymous employee survey and a thorough review of benefits and perks. The full list is featured at American Banker.
Chana Schoenberger, Editor-in-Chief of American Banker, noted, "The banks recognized as Best Banks to Work For are institutions employees want to join and stay with. They understand how to give workers reasons to find purpose in their jobs." Peapack Private Bank & Trust was ranked No. 48 on the 2025 list. The survey and awards program is designed to identify and honor banks with the best cultures for helping employees thrive.
Doug Kennedy, President and CEO of Peapack-Gladstone Financial Corporation, expressed gratitude for the honor. "This is the 8th year in a row that we have been recognized with this honor. It’s the hard work and dedication that they put in that makes it possible to achieve this distinction, and I am truly grateful." The ranking process involves two steps: a workplace evaluation covering policies, practices, and demographics (25% of total score) and an employee survey measuring experiences and attitudes toward the workplace (75% of total score). To qualify, banks must have at least 50 U.S.-based employees and have been in business for a minimum of one year. Best Companies Group managed registration, survey administration, and data analysis. For more information on the Best Banks to Work For program, visit BestBanksToWorkFor.com.
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.4 billion and assets under management and/or administration of $12.9 billion as of September 30, 2025. Founded in 1921, Peapack Private Bank & Trust offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. The Bank's wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices, and not-for-profit organizations. This recognition underscores the bank's commitment to creating a supportive work environment, which directly contributes to its ability to attract and retain top talent. As banks increasingly compete for skilled employees, such accolades signal to potential hires that the institution values its workforce. For Peapack Private Bank & Trust, the eighth consecutive award reinforces its reputation as an employer of choice in the financial services industry.
