BEDMINSTER, NJ--(Marketwired - Aug 3, 2016) - Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack-Gladstone Bank
(the "Bank") are proud to announce the Bank's designation by the U.S. Small Business Administration (SBA) as a Preferred Lender
within the SBA Preferred Lender Program (PLP). The Bank introduced its SBA lending division in 2015. This new designation offers
the bank the ability to streamline the process of providing financial assistance to eligible small businesses.
Under the PLP, the SBA delegates final credit decisions and most servicing and liquidation authority and responsibility to
carefully selected PLP Lenders. Earning PLP designation is proof of a successful track record with the SBA, and a demonstration
of proficiency in processing and servicing SBA-guaranteed loans.
Andrew Glatz, Senior Managing Director and Head of SBA at Peapack-Gladstone Bank, is responsible for furthering the growth of
the bank's SBA business with a focus on providing new and existing clients exceptional, personalized service. "We are thrilled to
be awarded the SBA's Preferred Lender designation. It is validation of our lending performance, commitment and dedication to
helping the small business community to continue to grow and prosper," said Glatz.
For over 60 years, the goal of the SBA has been to support our nation's overall economy and help individuals start, build and
grow their businesses. Peapack-Gladstone Bank's SBA Lending Division provides qualifying small business owners tailored
assistance to support their financing needs, and to help their businesses succeed.
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $3.60 billion as of June 30,
2016. 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 private wealth management, commercial private banking,
retail private banking and residential lending divisions, along with its online platforms, Peapack-Gladstone Bank offers an
unparalleled commitment to client service.