BEDMINSTER, NJ, Aug. 30, 2018 (GLOBE NEWSWIRE) -- Via NEWMEDIAWIRE -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank proudly announce being named one of the Best Banks to Work For in 2018 by American Banker.
The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes and honors U.S. banks for outstanding employee satisfaction. Full results of this year’s program are available at americanbanker.com and in the September issue of American Banker Magazine.
“Our annual ranking recognizes the financial institutions that are committed to investing in employees’ job satisfaction, career development and personal growth – a ‘return on assets’ that can be hard to measure by traditional means,” said Marc Hochstein, editor in chief of American Banker. “One of the most valuable assets for any organization is the team of people it employs, and banks are no exception.”
Determining the Best Banks to Work For involves a two-step process. The first step involves an evaluation of participating companies’ workplace policies, practices, and demographics. In the second step, employee surveys are conducted to directly assess the experiences and attitudes of individual employees with respect to their workplace. The combined scores determine the top banks and the final ranking.
“We know that employee satisfaction directly correlates to client satisfaction, so I am very proud that Peapack-Gladstone Bank is part of this list,” said Doug Kennedy, president and chief executive officer at Peapack-Gladstone Bank. “I want to congratulate and acknowledge all of our employees, who I believe make our company such a special place for each other and for our clients. It’s a place that all of us can take pride in.”
Best Companies Group managed the overall registration and survey process and also analyzed the data and used their expertise to determine the final ranking.
The program is open to commercial banks, thrifts, savings banks and other chartered retail financial institutions with at least 50 employees in the United States. For more information on eligibility or other questions related to the Best Banks to Work For program, visit www.BestBankstoWorkFor.com.
About the Company
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $4.27 billion and assets under management and/or administration of $5.7 billion as of June 30, 2018. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative private banking services to businesses, non-profits and consumers, which help them to establish, maintain and expand their legacy. Through Peapack Private Wealth Management and its private banking locations in Bedminster, Gladstone, Fairfield, Morristown, Princeton and Teaneck, and its trust office in Greenville, DE, Peapack-Gladstone Bank offers an unparalleled commitment to client service through its private wealth management, commercial private banking, retail private banking and residential lending divisions, along with its online platforms.