Peapack-Gladstone Financial Corporation Announces Appointment of Directors

Peapack-Gladstone Financial Corporation PGC announces the appointment of Edward A. Gramigna, Jr. and Beth Welsh to the Board of Directors of the Company and of Peapack-Gladstone Bank, its wholly-owned community bank, effective October 18, 2012. Mr. Gramigna, a resident of Summit, New Jersey, is a managing partner of Drinker Biddle & Reath LLP in Florham Park, New Jersey. He is a member of the Private Client Group and practices in all areas of taxation with a particular emphasis on estate planning, estate administration and probate litigation. He received his bachelor's degree in economics from the University of Pennsylvania, Wharton School of Business and Finance, his J.D. from Rutgers University-Camden and his LL.M. (in Taxation) from New York University School of Law. Mr. Gramigna is a Certified Public Accountant and lectures to a variety of audiences in the fields of taxation, estate planning and estate administration. He is a member of the Real Property Probate and Trust Law Section of the American Bar Association and is a member of the Taxation Section of the New Jersey Bar Association. Frank A. Kissel, Chairman of the Board, commented, "Mr. Gramigna's experience in trusts, estate planning and estate administration will add depth and expertise to the Board, particularly in the oversight of our wealth management division, PGB Trust & Investments." Also a resident of Summit, New Jersey, Ms. Welsh is the general manager of Bassett Associates and is responsible for the leasing, maintenance and redevelopment of commercial office space, retail shops and apartments located primarily in Summit, New Jersey. She previously held positions at Chemical Bank, Bank of New York and Chase Manhattan Bank, specializing in lending, client development and risk management. Ms. Welsh received her bachelor's degree in economics from Smith College and serves on the board of directors for the Suburban Chamber of Commerce and Summit Downtown, Inc. and is a member of the International Council of Shopping Centers. Mr. Kissel commented, "Ms. Welsh's experience in the commercial real estate market in Summit as well as her past banking experience will be invaluable in the Board's oversight of the Company's real estate lending and small business banking."