Peapack Private Bank & Trust

We are excited to announce that, as part of our journey to become a premier provider of private banking, commercial, and wealth management solutions, we will unite our bank and wealth management divisions under one name and brand – Peapack Private Bank & Trust. This rebrand is expected to occur on or about January 1, 2025. Learn more: https://lnkd.in/eNg7FcNQ

We send warm wishes for a joyful, healthy, and peaceful New Year to you and your loved ones.

Peapack Private has been a steadfast supporter of YWCA Union County, contributing to their programs and services through sponsorships and monetary donations. We are pleased to announce that Amaro Pereira, Managing Director, has been appointed to the YWCA Union County Board of Directors. Kathryn Lynch, DSW, LSW, Interim Executive Director, of YWCA Union County stated, “We are excited to welcome Amaro to our Board and look forward to the valuable contribution he will bring to our team. We are confident his involvement will help further our mission and strengthen the impact of our work." Founded in 1920, YWCA Union County and has been a leader in addressing issues affecting women, children and families in Union County, New Jersey. Its mission is dedicated to eliminating racism, empowering women, and promoting peace, justice, freedom and dignity for all through its core values of commitment, integrity, respect, compassion, empowerment and excellence.

At the Housing Partnership NJ NeighborWorks HomeOwnership Center Gala, Peapack Private's Carolina Rozewski, AVP, Community Development Officer, and Amaro Pereira, Managing Director, were honored with the Award of Excellence for their significant contributions to the Spanish Homebuyer Education and Financial Empowerment Programs. Their work involved leading the development and delivery of the program’s curriculum. The Housing Partnership, a leader in promoting responsible homeownership and financial capability, is recognized as New Jersey’s top resource for homebuyer education.

Wishing you a Happy New Year from all of us! We are grateful for the opportunity to serve your financial needs. In observance of New Year's Day, all Bank locations will be closed on Wednesday, January 1, 2025. You can conveniently access your accounts anytime via Online or Mobile Banking: https://lnkd.in/gBVrXgCS

Wishing a joyful Kwanzaa to everyone who celebrates.

From our home to yours, Happy Hanukkah.

Wishing you a Merry Christmas from our family to yours.

The Bank has long been a devoted partner of United Community Corporation (UCC), offering steadfast financial support to benefit underserved families in Newark. During the UCC Annual Shop with a Hero Event, 250 children were provided with $100 gift cards to shop in Newark, alongside a host of local heroes such as first responders, educators, and community leaders. Peapack Private was honored to contribute to this year’s event, which fosters lasting mentorships between children and their heroes. The Bank remains dedicated to its mission of improving the lives and living conditions of disadvantaged individuals and families.

All eyes were on the Federal Reserve this week when as expected the Fed cut interest rates by 25 basis points (bps), bringing the Fed funds target range to 4.25%-4.5%, according to Peapack Private's Chief Investment Officer, John Creamer, in today's Weekly Economic & Market Recap. To read The Weekly Economic & Market Recap, click here: https://lnkd.in/e4kyt6a4