Peapack Private Bank & Trust Earns Eighth Consecutive Best Banks to Work For Recognition

Peapack Private Bank & Trust has been recognized as one of the 2025 Best Banks to Work For, marking the eighth consecutive year the institution has received this workplace distinction. The recognition program, conducted by American Banker in partnership with Best Companies Group, identifies banking institutions that excel at creating positive and supportive environments for their employees. This year's program evaluated 90 banks that earned spots on the ranking based on a comprehensive assessment process. The selection methodology involved two key components: workplace evaluation accounting for 25% of the total score, which examined policies, practices and demographics, and an employee survey comprising 75% of the score that measured worker experiences and attitudes toward their workplace environment.

Chana Schoenberger, Editor-in-Chief of American Banker, emphasized the significance of the recognition, stating that the honored banks are institutions where employees want to join and remain. She noted that these organizations understand how to provide workers with reasons to find purpose in their jobs, contributing to long-term employee satisfaction and retention. Peapack Private Bank & Trust secured the No. 48 position on this year's list, continuing its consistent performance in workplace excellence. Doug Kennedy, President and CEO of the institution, expressed gratitude for the recognition, attributing the achievement to the hard work and dedication of the bank's employees. He emphasized that their commitment makes such distinctions possible year after year.

The full list of the 2025 Best Banks to Work For is available at http://www.americanbanker.com, providing comprehensive information about all recognized institutions. To qualify for consideration, banks must meet specific criteria including having at least 50 U.S.-based employees and maintaining operations for a minimum of one year. Best Companies Group managed the registration process, survey administration and data analysis for the program. For additional details about the Best Banks to Work For program, interested parties can visit http://www.BestBankstoWorkfor.com. The recognition highlights the growing importance of workplace culture in the banking industry, where employee satisfaction increasingly correlates with organizational performance and client service quality. This consistent recognition over eight years demonstrates that Peapack Private Bank & Trust has institutionalized practices that support its workforce, which is particularly significant in a competitive industry where talent retention directly impacts service consistency and institutional knowledge. The program's rigorous methodology, heavily weighted toward direct employee feedback, provides credible validation of the bank's internal environment. Such sustained excellence in workplace culture suggests operational stability and a management philosophy that values human capital as a strategic asset, potentially influencing client trust and the bank's long-term resilience in a sector where reputation is paramount.