Peapack Private Bank & Trust Earns Eighth Consecutive Best Banks to Work For Recognition
Peapack Private Bank & Trust's eighth consecutive recognition as a Best Bank to Work For highlights the institution's sustained commitment to employee satisfaction and workplace culture, which research shows directly impacts service quality and client outcomes.
Peapack-Gladstone Financial Corporation announced that Peapack Private Bank & Trust has been named one of the 2025 Best Banks to Work For, marking the eighth consecutive year the institution has received this workplace excellence recognition. The program, conducted by American Banker in partnership with Best Companies Group, identifies banking institutions that excel at creating positive and supportive environments for employees through comprehensive evaluation methods.
The ranking process involves two critical components that determine final placement. Workplace evaluation accounts for 25% of the total score, examining policies, practices, and demographic factors. The employee survey component carries significantly more weight at 75% of the scoring, measuring staff experiences and attitudes toward their workplace environment. To qualify for consideration, banks must maintain at least 50 U.S.-based employees and have operated for a minimum of one year. This year, 90 banking institutions earned spots on the prestigious list, with Peapack Private Bank & Trust securing position number 48.
Doug Kennedy, President and CEO of Peapack Private Bank & Trust, emphasized the significance of this sustained recognition. "This is the 8th year in a row that we have been recognized with this honor," Kennedy stated. "It's the hard work and dedication that they put in that makes it possible to achieve this distinction, and I am truly grateful." The acknowledgment reflects the bank's ongoing commitment to fostering a workplace culture that values employee satisfaction and professional development.
The importance of workplace culture in the banking sector extends beyond employee satisfaction to directly impact client service quality and institutional performance. Chana Schoenberger, Editor-in-Chief of American Banker, noted that "The banks recognized as Best Banks to Work For are institutions employees want to join and stay with. They understand how to give workers reasons to find purpose in their jobs." This correlation between employee engagement and organizational success is particularly crucial in private banking, where long-term client relationships and personalized service depend heavily on stable, satisfied staff members.
The full list of 2025 Best Banks to Work For is available at http://www.americanbanker.com, while additional information about the Best Banks to Work For program can be found at http://www.BestBankstoWorkfor.com. The recognition comes as Peapack-Gladstone Financial Corporation reports substantial institutional strength, with total assets of $7.4 billion and assets under management and administration reaching $12.9 billion as of September 30, 2025.