Peapack-Gladstone intends to conduct rights offering of common stock

Sandler O'Neill assists in funding corporate purposes, expansion plans

By Devika Patel

Knoxville, Tenn., Oct. 25 - Peapack-Gladstone Financial Corp. plans to price a rights offering, according to a preliminary prospectus supplement filed Friday with the Securities and Exchange Commission. Sandler O'Neill + Partners, LP is the dealer-manager.

Shareholders of record as of 5 p.m. ET on Oct. 21 are eligible to participate.

Proceeds will be used for general corporate purposes, including expansion plans, working capital and strategic opportunities.

Peapack-Gladstone Financial operates as the holding company for Peapack-Gladstone Bank, located in Peapack-Gladstone, N.J.

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