GlobeNewswire Inc | Dec 16, 2021 12:35PM EST

December 16, 2021

Bedminster, NJ, Dec. 16, 2021 (GLOBE NEWSWIRE) -- viaNewMediaWire --This holiday season Peapack-Gladstone Bank announced the return of the nostalgic annual Boonton Christmas Tree Sale. The inaugural event was reminiscent of past sales sponsored by the local Kiwanis Club. Held November 26 to December 5, the live tree sale was orchestrated entirely by Peapack-Gladstone Bank volunteers who teamed up, helping families find their perfect tree. Offering a wide variety of species and selling more than 250 trees, one hundred percent of this years sales and donations totaling $27,750 will benefit nourish.NJ in Morristown, supporting their efforts to alleviate the struggles of homelessness and hunger in our municipalities.

The sale was held at the Banks newest retail location at 104 Ely Place, Boonton. Peapack-Gladstone Bank knows how important a Christmas tree is to a familys holiday tradition, so we decided to start the sale the day after Thanksgiving, said Robert Plante, Executive Vice President and COO at Peapack-Gladstone Bank, but we never expected to run out so quickly. The Bank planned this festive event to bring back an old-fashioned quality to the community, and we were excited to see the large number of families that came out to enjoy the festivities and select a tree to support a local charity.

This years Boonton Christmas tree sale was the first in the return of this annual holiday tradition, where each year, a new community beneficiary will be named. Founded in 1921 and celebrating its 100th Anniversary, Peapack-Gladstone Bank values its ties with community. The Boonton Christmas Tree Sale will be a place where families can make long lasting memories, said Daniela Oldham, Vice President, Retail Private Banker at the Banks Boonton location. The Bank is committed to making a difference in our municipalities both now and for many Christmases to come.

About the Company

Peapack-Gladstone Financial Corporation is a NJ bank holding company with total assets of $6.2 billion and assets under management/administration of $10.3 billion as of September 30, 2021. Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, investment banking, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers. Peapack Private, the Banks 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 establish, maintain and expand their legacy. Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service. Visitwww.pgbank.comandwww.peapackprivate.comfor more information.

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

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