Peapack-Gladstone Bank Hires New SBA Team Members

Bedminster, NJ – (NewMediaWire) – January 11, 2022 – Peapack-Gladstone
Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone
Bank are proud to introduce three new members to the Bank’s SBA Lending
Division, responsible for the Company’s further growth and expansion of SBA
business, with a focus on providing new and existing business clients
exceptional, personalized service.  The goal of the U.S. Small Business
Administration (SBA) has been to support our nation’s overall economy and help
individuals, start, build and grow their businesses.  Based out of
Peapack-Gladstone Bank’s Princeton location, the SBA Lending Division provides
qualifying small business owners custom-tailored assistance, supporting their
financial needs and helping their businesses to prosper and succeed.

Sanjay T. Patel joins
Peapack-Gladstone Bank’s SBA Team as a Managing Director, SBA Banker. 
Previously, as first senior vice president at Noah Bank, he was responsible for
the origination and processing of Commercial, SBA 7(a) and 504 loans. 
Sanjay has a proven track record in SBA Lending, also serving as director of
sales, Creative Funding, Inc.; vice president and New Jersey office manager,
Poppy Bank; senior relationship manager and vice president, Dime Community
Bank; senior vice president, SBA Lending at Freedom Small Business Lending;
president, Indo American Community Division, Noah Bank; senior vice president,
Unity Bank; and as vice president, partner at Creative Capital Group in Edison,
NJ.  Mr. Patel holds an MBA in Business Administration with Major in Business
Management and Minor in Finance at Florida A&M University, and Bachelor of
Engineering, Metallurgy from the University of Baroda, India.  He is an
active member of the National Association of Government Guaranteed Lenders
(NAGGL) and Asian American Hotel Owners Association (AAHOA), Atlanta, GA. 
Sanjay is also a double recipient of the Allen Tucker Award as both Employee
and Salesman of the Year.

With over 18 years in the
financial services industry, Bhavesh R. Sheth joins the team as Managing Director,
SBA Banker.  With a concentrated focus on SBA lending, Bhavesh has a
proven track record of increasing sales, market share and growth in profits in
a competitive financial arena.  Most recently, Bhavesh served as senior
vice president, Noah Bank and as an independent consultant for Creative Funding
Inc. where combined he originated over $30 MM in SBA 7(a) loans.  Prior to
that, he served as vice president, SBA lending at Poppy Bank; assistant vice
president, SBA lending, Dime Community Bank, Brooklyn, NY; vice president,
commercial lending, Freedom Small Business, BIDCO, Inc.; first vice president,
Commercial Lending, Noah Bank, Edison, NJ; commercial lender, SBA Business
Development Executive, Unity Bank, Clinton, NJ; Sr. loan officer, Motel Broker Associates,
Inc., Glenwood, MD; and Project Leader, Crown Futures Corporation, Fairfield,
IA.  Mr. Sheth holds an MBA in Finance from the Maharishi University of
Management, Fairfield, IA; BS in Finance from the University of Madras, India;
and a Computer Applications diploma from the National Institute of
Technology.  He is a licensed trader in Financial Derivatives and
Microsoft Certified Database Administrator, Systems Developer, and Systems

Parth Thakor, a graduate of
Rutgers, The State University of New Jersey, has a Bachelor’s Degree in
Economics, joins Peapack-Gladstone Bank as Assistant Vice President, SBA
Underwriter.  Parth will support the SBA team through his extensive
background in underwriting and credit analysis.  Formerly serving as credit
analyst, Noah Bank, his expertise was invaluable through the evaluation and
analysis of prospective lender applications.  Prior to that he served as
SBA loan packager at Creative Funding, Inc.; loan assistant at Poppy Bank; and
SBA loan packager at Freedom Small Business Lending, BIDCO, Inc.

Peapack-Gladstone Bank is an
SBA Preferred Lender with a proven track record and proficiency in processing
and servicing SBA-guaranteed loans.  The Bank’s preferred lender
designation reinforces its commitment and dedication to the small business

About the Company

Founded in 1921,
Peapack-Gladstone Financial Corporation is a NJ bank holding company with total
assets of $6.2 billion and assets under management/administration of $10.3
billion as of September 30, 2021.  Peapack-Gladstone Bank is a commercial
bank that provides innovative wealth management, investment banking, commercial
and retail solutions, including residential lending and online platforms to
businesses and consumers.  Peapack Private, the Bank’s wealth management
division, offers comprehensive financial, tax, fiduciary and investment advice,
and solutions, to individuals, families, privately held businesses, family
offices and not-for-profit organizations, which help them establish, maintain,
and expand their legacy.  Together, Peapack-Gladstone Bank and Peapack
Private offer an unparalleled commitment to client service.  Visit and for more information.

Contact:  Rosanne Schwab,
Peapack-Gladstone Bank, Assistant Vice President, Public Relations and
Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster,
NJ  07921, (908) 719-6543.