Bedminster-based Peapack Capital, the equipment leasing subsidiary of Peapack-Gladstone Bank, on Monday said it funded equipment finance transactions totaling $305 million for commercial and corporate clients in 2019.
Total earning assets for Peapack Captial grew to more than $650 million as of Dec. 31, 2019, which is an increase of 63 percent over the prior year.
“Our achievements thus far, and our commitment to serving our clients and partners, is a testament to the skill and efforts of the Peapack Capital team, who provide a best-in-class client experience. We thank all our clients and partners for entrusting their business to us,” said President Robert Cobleigh.
Bank holding company Peapack Capital provides equipment and asset financing from $3 million to $30 million to middle market and large corporate clients across the U.S. The team specializes in large-scale transactions that help businesses grow and succeed in a broad spectrum of industries and assets.