Peapack-Gladstone Financial Corporation Announces Completion of Sale of Subordinated Notes
Peapack-Gladstone Financial Corporation (PGC)
Last peapack-gladstone financial corporation earnings: 1/29 09:00 am
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Source: GlobeNewswire
Bedminster, NJ, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Peapack-Gladstone Financial Corporation (Nasdaq Global Select Market: PGC) (the “Company”), the parent corporation of Peapack-Gladstone Bank (the “Bank”), today announced that it closed on its issuance of $35 million in aggregate principal amount of its Fixed-to-Floating Subordinated Notes due December 15, 2027 (the “Notes”). The Notes will initially bear a fixed interest rate of 4.75% per year. Commencing on December 15, 2022, the interest rate on the Notes will reset on a quarterly basis to the three-month LIBOR rate plus a spread of 254 basis points, payable quarterly in arrears. The Company plans to use the net proceeds from the sale of the Notes for general corporate purposes, including investment in the Bank as regulatory capital to fund future growth and potential strategic acquisitions. Doug Kennedy, President and CEO, commented, “Continued commercial loan growth, as well as potential strategic wealth acquisitions,
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News
- Peapack-Gladstone Financial Co. (NASDAQ: PGC) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating.MarketBeat
- It's Unlikely That Peapack-Gladstone Financial Corporation's (NASDAQ:PGC) CEO Will See A Huge Pay Rise This Year [Yahoo! Finance]Yahoo! Finance
- Peapack-Gladstone Financial Corporation Reports First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Peapack-Gladstone Financial Corporation Reports First Quarter ResultsGlobeNewswire
- Greg Tamberlane Joins Peapack Private as Senior Vice President, Head of Commercial Bank Operations New York [Yahoo! Finance]Yahoo! Finance
PGC
Earnings
- 4/23/24 - Miss
PGC
Analyst Actions
- 2/26/24 - TheStreet
PGC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-K
- 3/22/24 - Form 4
- PGC's page on the SEC website