Peapack Private Bank & Trust Earns 2025 Best Banks to Work For Recognition

Peapack Private Bank & Trust has been named one of the 2025 Best Banks to Work For, earning this distinction for the eighth consecutive year. The recognition program, conducted by American Banker in partnership with Best Companies Group, identifies banking institutions that excel at creating positive and supportive workplace environments for their employees. This year's program evaluated 90 banks that earned spots in the ranking based on comprehensive assessment criteria.

The selection process involves two critical components that determine final rankings. Workplace evaluation accounts for 25% of the total score, examining policies, practices, and demographic factors. The employee survey component carries significantly more weight at 75% of the score, measuring workers' actual experiences and attitudes toward their workplace environment. Banks must meet specific eligibility requirements to participate, including having at least 50 U.S.-based employees and being in business for a minimum of one year.

Peapack Private Bank & Trust secured the No. 48 position on the 2025 list, demonstrating the institution's continued commitment to maintaining a workplace culture that helps employees thrive. Doug Kennedy, President and CEO of the bank, emphasized that this achievement reflects the hard work and dedication of the entire team. The recognition holds particular significance in the competitive banking industry, where employee retention and satisfaction directly impact service quality and institutional stability.

The full list of the 2025 Best Banks to Work For is featured at http://www.americanbanker.com, providing comprehensive details about all recognized institutions. Chana Schoenberger, Editor-in-Chief of American Banker, noted that the banks earning this distinction are institutions where employees want to join and remain, demonstrating understanding of how to help workers find purpose in their professional roles.

For additional information about the Best Banks to Work For program methodology and selection criteria, interested parties can visit http://www.BestBankstoWorkfor.com. The program's management by Best Companies Group ensures independent verification and rigorous data analysis throughout the evaluation process, lending credibility to the final rankings and recognition outcomes.