Peapack-Gladstone arranges $50 million at-the-market sales agreement

Sandler O’Neill & Partners is agent and will be paid 2.85% commission

By Devika Patel

Knoxville, Tenn., Oct. 23 – Peapack-Gladstone Financial Corp. could raise up to $50 million through an at-the-market sales agreement, according to a prospectus supplement and 8-K filed Thursday with the Securities and Exchange Commission.

Sandler O’Neill & Partners, LP is the agent and will be paid a 2.85% commission.

Proceeds will be used for general corporate purposes.

Peapack-Gladstone Financial is the holding company for Peapack-Gladstone Bank, which is based in Bedminster, N.J.

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