Peapack-Gladstone Bank appoints new senior managing director

BEDMINSTER, NJ - Peapack-Gladstone Financial Corporation (NASDAQ:PGC) and its subsidiary Peapack Private Bank & Trust have announced the appointment of Assimina Mina Nikiforos as Senior Managing Director within the Bank’s Commercial Banking division. Nikiforos, a seasoned professional in the financial services sector with over two decades of experience, will operate from the Bank’s latest office in Garden City, New York.

Nikiforos transitions to Peapack Private Bank & Trust from Flagstar Bank, located in Astoria, NY, where she held the role of vice president and group director. In her previous position, she was instrumental in fostering customer satisfaction through service improvement initiatives and ensuring adherence to both company and industry regulations via regular audits. Her extensive career also includes a tenure at Marathon Bank, where she served as a Branch Manager, emphasizing customer service and the cultivation of strong client relationships.

Peapack-Gladstone Financial Corporation, established in 1921, reported assets totaling $7.1 billion and assets under management and/or administration of $11.8 billion as of March 31, 2025. Currently trading at $29 per share, InvestingPro analysis suggests the stock is undervalued, with analyst price targets ranging from $33 to $39. The bank focuses on offering personalized banking solutions, including wealth management, investment banking, and both commercial and personal banking services. Its wealth management division is dedicated to providing financial, tax, fiduciary, and investment advice to a diverse clientele comprising individuals, families, private businesses, family offices, and not-for-profit organizations.

The addition of Nikiforos is expected to strengthen the Bank’s commitment to client service and expand its commercial banking expertise. According to InvestingPro data, the company has maintained dividend payments for 28 consecutive years and shows strong financial health metrics. With revenue growth of nearly 10% in the last twelve months and positive analyst forecasts for 2025, the bank appears well-positioned for continued growth. This news is based on a press release statement. Get access to 8 more exclusive InvestingPro Tips and comprehensive financial analysis by subscribing to InvestingPro.

In other recent news, Peapack-Gladstone Financial has been the focus of a positive analyst report from Raymond James, which initiated coverage with a Strong Buy rating and a price target of $39.00. The firm highlighted strategic management initiatives that are expected to enhance the bank’s deposit base and overall franchise value. The wealth management business of Peapack-Gladstone was noted as a significant asset, with its potential not fully reflected in the company’s current valuation. Raymond James anticipates a positive earnings trajectory for the bank, citing the stability of its multifamily loan portfolio and a stronger core deposit franchise as key factors.

In another development, Peapack-Gladstone Financial has promoted Carlos A. Pacheco to Senior Vice President, Director of Enterprise Client Experience. Pacheco will lead initiatives to improve client interactions and satisfaction, focusing on strategies that enhance the client experience across the organization. His extensive experience in banking and process automation is expected to benefit Peapack-Gladstone’s client-centric approach. This move is part of the bank’s efforts to align its strategies with client needs, fostering a collaborative environment for success.

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