Peapack-Gladstone Financial Corporation’s $100 Million Subordinated Debt Issuance


Luse Gorman, PC advised Peapack-Gladstone Financial Corporation on the deal.

Peapack-Gladstone Financial Corporation, Bedminster, New Jersey, the holding company for Peapack-Gladstone Bank, completed a private placement of $100.0 million of its 3.50% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Luse Gorman served as legal counsel to Peapack-Gladstone Financial Corporation in the offering. The Luse Gorman team consisted of Larry Spaccasi (Picture), Scott Brown, Mike Brown and Zachary Davis.

Involved fees earner: Scott Brown – Luse Gorman, PC; Michael Brown – Luse Gorman, PC; Zachary Davis – Luse Gorman, PC; Lawrence Spaccasi – Luse Gorman, PC;

Law Firms: Luse Gorman, PC;

Clients: Peapack-Gladstone Financial Corporation;

Author: Ambrogio Visconti