Peapack-Gladstone Financial Corporation Expands into Long Island Market with Strategic Office Locations

Peapack-Gladstone Financial Corporation is advancing its expansion strategy by targeting the Long Island market with new office locations and a focused growth approach. The bank has secured temporary commercial space at 175 Broadhollow Road in Melville and received board approval to pursue permanent retail space at 1010 Franklin Avenue in Garden City. President and CEO Doug Kennedy emphasized the strategic importance of this expansion, describing Long Island as a natural progression for the bank's growth plans. The move represents a deliberate effort to extend their commercial business and provide direct access to private banking services for regional clients.

Andrew Corrado, President of Peapack Private's New York office, highlighted the bank's competitive positioning in the market. Having established a strong presence in New York City, the institution is now positioning itself to introduce its unique private banking model to Long Island clients. The expansion is bolstered by recent key personnel additions, including Joseph Fingerman as President of the Commercial Real Estate division. Fingerman and his team will focus on covering the New York metro area, including Long Island, which supports the bank's growth objectives.

With total assets of $7.1 billion and assets under management of $11.8 billion as of March 31, 2025, Peapack-Gladstone Financial Corporation brings substantial financial strength to its Long Island market entry. The bank's client-centric approach encompasses comprehensive wealth management, investment banking, commercial, and personal banking solutions. This strategic expansion reflects the bank's commitment to providing high-quality, customized financial services to individuals, businesses, and organizations. By establishing a presence in Long Island, Peapack Private Bank & Trust aims to leverage its successful business model and attract new clients seeking personalized banking experiences.