Peapack Private Bank & Trust Expands with Prestigious NYC Financial Center

Peapack Private Bank & Trust has established its newest Financial Center in the heart of Manhattan, positioning itself as a distinctive alternative to larger financial institutions. The first-floor location at 300 Park Avenue, situated at the corner of Park Avenue and 50th Street, represents a significant milestone for the New Jersey-based bank.

The 6,000-square-foot facility is designed to offer a deeply personalized banking experience, emphasizing bespoke client service and meticulous attention to detail. This strategic expansion complements the bank's existing 13th-floor office space, which was opened in 2023 and currently houses over 100 private bankers and relationship managers specializing in commercial and private banking solutions.

With a legacy spanning over 100 years, Peapack Private Bank & Trust brings a robust history of exceptional service to its new NYC location. The financial institution combines advanced technology with a client-focused approach, aiming to differentiate itself in a market dominated by larger banking entities.

The bank's financial strength is underscored by its impressive corporate metrics. As of December 31, 2024, Peapack-Gladstone Financial Corporation reported total assets of $7.0 billion and assets under management and/or administration of $11.9 billion. This financial robustness positions the bank to offer comprehensive wealth management, investment banking, commercial, and personal banking solutions.

The NYC Financial Center is particularly noteworthy for its wealth management division, which provides sophisticated financial, tax, fiduciary, and investment advice. This division caters to a diverse clientele, including individuals, families, privately held businesses, family offices, and not-for-profit organizations, with a primary focus on helping clients establish, maintain, and expand their financial legacies.

By establishing this new location, Peapack Private Bank & Trust signals its commitment to growth and its ambition to become a premier banking alternative in New York City's competitive financial ecosystem. The bank's strategy of combining technological innovation with personalized service represents a potentially transformative approach in an industry often criticized for impersonal customer interactions.