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Peapack-Gladstone to sell 10-year fixed-, floating-rate notes
By Lisa Kerner
Charlotte, N.C., June 8 – Peapack-Gladstone Financial Corp. will offer 10-year fixed- and floating-rate subordinated notes (BBB-), according to an FWP filed with the Securities and Exchange Commission.
Proceeds will be used for general corporate purposes, potential strategic acquisitions, and investments in the bank as regulatory capital to fund growth.
The notes are not callable for five years.
Sandler O’Neill + Partners, LP is the bookrunner.
Keefe, Bruyette & Woods, Inc. is the co-manager.
Peapack-Gladstone Financial is the holding company for Peapack-Gladstone Bank, which is based in Bedminster, N.J.
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