Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) has announced that its subsidiary, Peapack Private Bank & Trust, has been named one of the 2025 Best Banks to Work For by American Banker. The recognition, now received for the eighth consecutive year, underscores the bank's commitment to fostering a supportive and engaging work environment.
The Best Banks to Work For program, conducted by American Banker in partnership with Best Companies Group, identifies banks that excel in creating positive workplaces. This year, 90 banks were selected based on an anonymous employee survey and a comprehensive review of benefits and perks. Peapack Private Bank & Trust ranked No. 48 on the list, which is featured at American Banker.
Chana Schoenberger, Editor-in-Chief of American Banker, commented, "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 ranking process evaluates two key areas: workplace policies, practices, and demographics (25% of the total score) and employee experiences and attitudes (75% of the total score). To qualify, banks must have at least 50 U.S.-based employees and have been in business for at least one year.
Doug Kennedy, President and CEO of Peapack Private Bank & Trust, expressed gratitude for the honor, stating, "This is the 8th year in a row that we have been recognized with this honor. 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 recognition reflects the bank's focus on employee well-being and its culture of helping employees thrive.
The Best Banks to Work For program is managed by Best Companies Group, which handles registration, survey administration, and data analysis. More information about the program is available at BestBanksToWorkFor.com.
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, Peapack Private Bank & Trust offers a client-centric approach to banking, providing wealth management, investment banking, commercial, and personal banking solutions. The bank's wealth management division delivers comprehensive financial, tax, fiduciary, and investment advice to individuals, families, businesses, and nonprofit organizations.
Being named a Best Bank to Work For not only highlights the bank's internal culture but also reinforces its reputation as an employer of choice in the financial services industry. This recognition can attract top talent and enhance employee retention, further strengthening the bank's ability to serve its clients effectively.
