Peapack-Gladstone Financial Appoints Douglas Kennedy as CEO and Director

Frank A. Kissel, Chairman of Peapack-Gladstone Financial Corporation PGC announced today that the Board of Directors has unanimously appointed Mr. Douglas L. Kennedy as CEO and Director of the Company effective October 9, 2012. Mr. Kennedy joins the Company with nearly 35 years of commercial banking experience, including key executive level positions with Summit Bank, Fleet Bank, North Fork Bank and, most recently, Capital One Bank. Mr. Kissel noted, "Doug is a passionate, competitive, creative and versatile executive, with a proven track record. Doug's significant experience and accomplishments in New Jersey commercial banking make him well suited to lead our Company." Mr. Kennedy said, "Peapack-Gladstone Bank and PGB Trust & Investments have a long and proud history. Over the past several years the Company has moved in a very positive direction, with strong overall performance and growth in earnings and stock price. I look forward to the opportunity to grow the business and take the Company to the next level of community banking."