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Peapack Capital Originates More Than $300MM in 2019

February 11, 2020, 07:30 AM
Filed Under: Company Announcements

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced Peapack Capital, the equipment leasing subsidiary of Peapack-Gladstone Bank, funded equipment finance transactions totaling $305 million for commercial and corporate clients in 2019. Total earning assets grew to more than $650 million as of Dec. 31, 2019, an increase of 63 percent over the prior year.

Headquartered in Bedminster, NJ, Peapack Capital was founded in April 2017 and is led by President Robert R. Cobleigh who stated, “Our achievements thus far, and our commitment to serving our clients and partners, is a testament to the skill and efforts of the Peapack Capital team, who provide a best-in-class client experience. We thank all our clients and partners for entrusting their business to us.”

Peapack Capital provides equipment and asset financing from $3 million to $30 million to middle market and large corporate clients across the U.S. The team specializes in large-scale transactions that help businesses grow and succeed. With more than 20 years of experience, the Peapack Capital team is a dedicated finance group, experts in various financing structures, able to support a broad spectrum of industries and assets.

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