Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announced that its subsidiary, Peapack Private Bank & Trust, has been named one of the 2025 Best Banks to Work For by American Banker. This marks the eighth consecutive year the bank has received this honor, reflecting its sustained focus on creating a positive and supportive workplace for employees.
The recognition is based on a partnership between American Banker and Best Companies Group, which evaluates banks through anonymous employee surveys and a comprehensive review of benefits and perks. This year, 90 banks earned a spot on the list, with Peapack Private Bank & Trust ranking No. 48. The full list is available at American Banker.
Chana Schoenberger, Editor-in-Chief of American Banker, stated, "The banks recognized as Best Banks to Work For are institutions employees want to join and stay with. They understand how to give workers reasons to find purpose in their jobs." The survey and awards program are designed to identify and honor banks with the best cultures for helping employees thrive.
Doug Kennedy, President and CEO of Peapack-Gladstone Financial Corporation, expressed gratitude for the recognition, saying, "It's the hard work and dedication that they put in that makes it possible to achieve this distinction, and I am truly grateful." The ranking process involves two steps: a workplace evaluation covering policies, practices, and demographics (25% of total score), and an employee survey measuring experiences and attitudes toward the workplace (75% of total score). To qualify, banks must have at least 50 U.S.-based employees and have been in business for a minimum of one year. Best Companies Group managed registration, survey administration, and data analysis.
This recognition underscores Peapack Private Bank & Trust's commitment to its employees, which is integral to its client-centric approach. As of September 30, 2025, Peapack-Gladstone Financial Corporation reported total assets of $7.4 billion and assets under management and/or administration of $12.9 billion. Founded in 1921, the bank offers wealth management, investment banking, commercial, and personal banking solutions.
For more information on the Best Banks to Work For program, visit Best Banks to Work For. The bank's website is Peapack Private.
