Peapack-Gladstone to Redeem $100M Subordinated Notes Around March 2, 2026

Reuters03-02 22:00

Peapack-Gladstone to Redeem $100M Subordinated Notes Around March 2, 2026

Peapack-Gladstone Financial Corporation said it has notified UMB Bank, as trustee, that it intends to redeem all $100 million of its 3.50% fixed-to-floating rate subordinated notes due Dec. 22, 2030. The company expects the redemption to occur on or about March 2, 2026, at 100% of principal plus accrued and unpaid interest up to, but excluding, the redemption date, and said it will remain well capitalized after the redemption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peapack-Gladstone Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000943374-26-000110), on March 02, 2026, and is solely responsible for the information contained therein.

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