BEDMINSTER, NJ - February 6, 2025 (NEWMEDIAWIRE) - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are proud to announce that John Soffronoff has joined the Bank as Enterprise Risk and Compliance Officer responsible for developing and maintaining effective, efficient, and scalable risk management and compliance programs commensurate with Peapack Private's growth and strategy objectives.

John brings 35 years of extensive experience in risk and compliance management for the financial services industry to the Bank. Most recently, he served as Partner at Capco, where he led the community banking practice, assisting clients with complex regulatory and compliance issues. Prior to Capco, John was Executive Director at FIS where he led the Enterprise Governance, Risk and Compliance consulting practice, established the managed services delivery channel, and created the Center of Regulatory Intelligence and GRC implementation teams. His previous roles also include President, ICS Risk Advisors and Examiner/Review Examiner at the FDIC.

John holds a BA in Economics from Moravian College. He is actively involved with the HV3 Foundation Mentorship Program and First Tee Greater Charlotte.

About the Company

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.0 billion and assets under management and/or administration of $11.9 billion as of December 31, 2024. Founded in 1921, Peapack Private Bank & Trust is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. The Bank's wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.

Contact: Rosanne Schwab, Peapack Private Bank & Trust, Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ 07921 rschwab@peapackprivate.com (908) 719-6543.

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