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Stock impact report

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank’s Investment Grade Ratings Confirmed by Moody’s Investors Service

Peapack-Gladstone Financial Corporation (PGC) 
Last peapack-gladstone financial corporation earnings: 1/29 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1137117
Company Research Source: GlobeNewswire
BEDMINSTER, NJ, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Peapack-Gladstone Financial Corporation (“the Company”) (NASDAQ Global Select Market:  PGC) reports today that Moody’s Investors Service (“Moody’s”) has confirmed investor grade ratings for both the Company and its banking subsidiary, Peapack-Gladstone Bank (“the Bank”). Moody’s has confirmed the Baa3 long term local currency issuer rating for the Company, and the baa2 baseline credit assessment (BCA) for the Bank. The outlooks on the long-term issuer rating of the Company and on the long-term deposits and issuer ratings of Peapack-Gladstone Bank have been changed to “stable” from ratings under review. These actions conclude the review for possible downgrade that was initiated back in June of this year. To establish the rating, Moody’s extensively reviewed the business fundamentals and financial conditions of the Company and the Bank, as well as the terms and conditions surrounding issuer and deposit ratings. In confirming these Show less Read more
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