SOURCE: Peapack-Gladstone Financial Corporation

Peapack-Gladstone Financial Corporation Filed a Form S-3 Registration Statement

Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced that the Company filed a Form S-3 Registration Statement registering an indeterminate amount of shares/securities not to exceed $100 million, to be issued in the future from time to time at indeterminate prices ("Shelf Registration"). Doug Kennedy, President and CEO noted, "This Shelf Registration will enable us to efficiently take advantage of the capital markets from time to time in the future, as needed to support growth associated with our Strategic Plan." Mr. Kennedy went on to say, "We will be very careful in any decision to issue capital, making our decision only after appropriate and comprehensive analysis and vetting."

 

ABOUT THE COMPANY

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $2.40 billion as of June 30, 2014. 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 wealth management division, and its branch network and online platforms, Peapack-Gladstone Bank offers an unparalleled commitment to client service.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offering of securities will only be made by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

Contact:

 

Jeffrey J. Carfora

Chief Financial Officer

Peapack-Gladstone Financial Corporation

T: 908-719-4308

 

SOURCE: Peapack-Gladstone Financial Corporation