Director Changes at Peapack-Gladstone Financial Corporation

Peapack-Gladstone Financial Corporation announced significant changes to its Board of Directors, effective January 1, 2026. Three long-serving directors, Patrick J. Mullen, Philip W. Smith III, and Beth Welsh, will retire after years of dedicated service. The company expressed deep gratitude for their leadership and contributions to the company's growth, governance, and community impact. Concurrently, Diane D’Erasmo, former Vice Chairman Emeritus of HSBC Bank USA, and Ellen C. Walsh, a retired Senior Partner with PricewaterhouseCoopers LLP, have been appointed to the Board. Both D’Erasmo and Walsh bring extensive experience in wealth management, corporate finance, and governance. This restructuring is part of the company's ongoing commitment to strong governance and strategic leadership, aligning with its growth objectives and long-term vision of providing personalized, relationship-driven banking solutions. The company's total assets were $7.4 billion as of September 30, 2025, with assets under management and/or administration totaling $12.9 billion.