Peapack-Gladstone Financial Corporation announced that it has provided notice to U.S. Bank National Association, as trustee, of its intent to redeem all of the $50,000,000 in aggregate principal amount of the company’s 6.00% Fixed-to-Floating Rate Subordinated Notes due June 30, 2026. The redemption price for the Notes is equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the date of redemption, which is expected to occur on or about June 30, 2021. The Company will remain well capitalized following the redemption.