Peapack-Gladstone Financial Corporation is a bank holding company. Peapack-Gladstone Bank (the Bank), is the Company�s principal subsidiary. The Bank is a state chartered commercial bank. The Bank offers financial services through 23 full-service banking offices. As of December 31, 2011, the Bank had 10 branches in Somerset County, six in Morris County, four in Hunterdon County, one in Middlesex County and two in Union County, and leases 11 branches. Commercial loan customers of the Bank are business people. Most forms of commercial lending are offered, including working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages and other forms of asset-based financing. In addition to commercial lending activities, the Bank offers a range of consumer banking services, including checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts held in certificates of deposit.