FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Peapack Capital Originates $152MM in 2017

February 15, 2018, 07:20 AM
By
Topic: Industry News

Peapack Capital Corporation, a subsidiary of Peapack-Gladstone Bank, funded equipment finance transactions totaling $152 million for commercial and corporate clients in 2017, its first year of operations.

Headquartered in Bedminster, New Jersey, Peapack Capital was founded in April 2017 and is led by Robert Cobleigh, President.  The new business unit has grown its team to nine employees as of December 31, 2017.
 
“It’s rewarding to build a first-class equipment finance and leasing platform for Peapack-Gladstone Bank, and we are very thankful for the support of the Bank,” said Cobleigh.  “Our team is dedicated and experienced, and we look forward to building on our early success and contributing to realizing the Bank’s goals.  We are also very thankful to the companies that have trusted us to help achieve their objectives.”

Peapack Capital provides equipment financing from $5 million to $30 million to middle market and large corporate clients across the U.S.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.