Peapack Private Bank & Trust

We are thrilled to announce the opening of our new Financial Center at 300 Park Avenue in the heart of midtown! This state-of-the-art facility marks our retail entrée into the New York Metro, offering bespoke solutions for private banking needs. Read more about our new Financial Center in this article by Crain's New York Business: https://lnkd.in/dDycpU-D

Our new Financial Center at 300 Park Avenue in the heart of midtown is now open! Learn more: https://lnkd.in/gfss69XS

Recently, Peapack Private conducted a Financial Literacy workshop for the aspiring youth musicians from Keys 2 Success on “Smart Shopping and Consumer Awareness.” During the session, students learned about the importance of understanding consumer rights, recognizing marketing tactics, and comparing prices to ensure they get the best value for their money. For more information about Keys 2 Success: https://lnkd.in/eKZsmuk

Tax Tips from Cynthia Aiken, Head of Wealth Planning: Reminder that you have until April 15 to contribute to your traditional IRA or your Health Savings Account (HSA) if you have not yet contributed to the maximum limits. Be sure to claim these deductions on your 2024 federal tax return.

Peapack Private will be hosting the Financial Planning Association of New Jersey's Women's Hybrid event at our Summit Wealth Management office on Thursday, April 17. For more information and to register: https://lnkd.in/eidCApnC

Last week, financial markets were surprised with the harsher than expected tariffs, including 34% tariffs on Chinese imports, in addition to the prior 20%, totaling 54%. China retaliated by imposing 34% tariffs on all imports from the United States, according to Peapack Private's Chief Investment Officer, John Creamer in today's Weekly Economic & Market Recap. Read more: https://lnkd.in/epFFaQzr

Peapack Private's John Creamer, Chief Investment Officer and Jeff Fisher, Head of Investment Strategy, comment on this week's market news: The market’s reaction has been swift and decisive. On Thursday, the S&P 500 Index tumbled 4.8%, and the NASDAQ Composite plunged 6%. Equity markets erased $2.5 trillion of value. Bond yields plummeted, with the yield on the 2-year US Treasury declining 18 basis points and the 10-year US Treasury declining 14 basis points. The US dollar slumped, oil prices dropped 6%, and even gold traded off. The steep sell-off is persisting today. To continue reading: https://lnkd.in/eBvAbWdu

Tax Day is on April 15. Here’s a tip from Laurie Wolfe, CPA, CFP®, Managing Director at Peapack Private: Filing increasingly gets more difficult. Even if you have an ‘easy’ tax return, you may have moved to a different state or you may have sold a home. It seems there is always some complicating factor. Remember, you can extend the time to file your taxes, but not the time to pay. Make sure to settle any owed taxes by the deadline to avoid penalties. The form to file your federal extension is Form 4868.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the promotion of Carlos A. Pacheco to Senior Vice President, Director of Enterprise Client Experience. In this new role, Carlos will develop and implement strategies across the organization that ensure every client interaction is positive and impactful. To learn more about Carlos: https://lnkd.in/e4bmh9pE

April is Autism Understanding and Acceptance Month. Let's celebrate autistic voices and foster a more inclusive community.