# PEAPACK GLADSTONE FINANCIAL CORP (PGC) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_130064d7f8b7507623b6 · retrieved 2026-08-11T16:16:04.306Z

## Overview
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $8.0 billion and assets under management and/or administration of $13.9 billion as of June 30, 2026, operating Peapack Private Bank & Trust, which provides commercial banking, wealth management, and investment banking services.

Peapack-Gladstone Financial Corporation completed the issuance of the remaining $20 million of 6% non-cumulative perpetual convertible preferred stock on July 24, 2026, fulfilling a $50 million commitment from Strategic Value Bank Partners announced in Q1 2026. The initial $30 million tranche closed in March 2026, with the option to issue an additional $20 million through the end of 2027. The company elected to complete the remaining issuance based on strong Q2 2026 results and continued momentum.

## Terms
- Counterparty: Strategic Value Bank Partners · Deal value: $20.0M · Consideration: cash

## Key dates
- Announced 2026-07-27

## Timeline
- 2026-07-27 · 8-K (0001193125-26-318213): 8-K - PEAPACK GLADSTONE FINANCIAL CORP — *Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $8.0 billion and assets under management and/or administration of $13.9 billion as of June 30, 2026, operating Peapack Private Bank & Trust, which provides commercial banking, wealth management, and investment banking services.* Peapack-Gladstone Financial Corporation completed the issuance of the remaining $20 million of 6% non-cumulative perpetual convertible preferred stock on July 24, 2026, fulfilling a $50 million commitment from Strategic Value Bank Partners announced in Q1 2026. The initial $30 million tranche closed in March 2026, with the option to issue an additional $20 million through the end of 2027. The company elected to complete the remaining issuance based on strong Q2 2026 results and continued momentum.
  https://www.sec.gov/Archives/edgar/data/1050743/0001193125-26-318213.txt

## Citations
- 0001193125-26-318213 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526318213