Moody's Ratings places Peapack-Gladstone Financial Corporation's ratings on review for downgrade (subordinate debt Baa3)
Moody's Ratings has placed certain ratings of Peapack-Gladstone Financial Corporation (Peapack-Gladstone) and its bank subsidiary, Peapack-Gladstone Bank (together Peapack-Gladstone), on review for downgrade. Peapack-Gladstone Bank's Baa3 long-term local currency issuer rating, A3 long-term local cu...Peapack-Gladstone Financial is a bank holding company. Through its subsidiary, Peapack-Gladstone Bank, the company provides private banking services to businesses, non-profits and consumers. In addition to commercial lending activities, the company provides consumer banking services, including checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides residential mortgages, home equity lines of credit and other second mortgage loans. Automated teller machines are available at various locations. Internet banking, including an online bill payment option and mobile phone banking, is available to clients.
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