Peapack Private Bank & Trust has opened its flagship Financial Center in the heart of Manhattan, signaling a strategic expansion of its high-end banking services in New York City. Located at 300 Park Avenue, the new first-floor facility represents a significant investment in providing personalized financial solutions for discerning clients.
The 6,000-square-foot center is designed to offer a distinctive banking experience that contrasts with traditional large institutional approaches. With a focus on bespoke client service and meticulous attention to detail, the bank aims to differentiate itself in the competitive New York financial market. This new location complements the bank's existing 13th-floor office space, which already houses over 100 private bankers and relationship managers specializing in commercial and private banking services.
Building on a century of banking expertise, Peapack Private Bank & Trust brings a comprehensive approach to financial services. The institution, which reports total assets of $7.0 billion and assets under management of $11.9 billion as of December 31, 2024, offers a range of sophisticated financial solutions. These include wealth management, investment banking, commercial, and personal banking services tailored to individuals, families, businesses, and non-profit organizations.
The new Financial Center integrates advanced technology with a client-centric philosophy, reflecting the bank's commitment to providing innovative and personalized financial strategies. By emphasizing customized solutions and relationship-driven service, Peapack Private Bank & Trust is positioning itself as a premier alternative to larger banking institutions in the New York market.
This expansion represents a significant milestone for the bank, demonstrating its continued growth and commitment to serving high-end clients with complex financial needs. The strategic location at Park Avenue and 50th Street provides convenient access for clients seeking sophisticated, personalized banking services in one of the world's most dynamic financial landscapes.
