Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:PGC) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid to shareholders on May 13, 2010, to shareholders of record on April 29, 2010.

Peapack-Gladstone Financial Corporation is a bank holding company with total assets of $1.51 billion as of December 31, 2009. Peapack-Gladstone Bank, its wholly owned community bank, was established in 1921, and has 24 branches in Somerset, Hunterdon, Morris, Middlesex and Union Counties. Its Trust Division, PGB Trust and Investments, operates at the Bank’s main office located at 190 Main Street in Gladstone and at four other locations in Clinton, Morristown and Summit, New Jersey and Bethlehem, Pennsylvania. To learn more about Peapack-Gladstone Financial Corporation and its services please visit our web site at www.pgbank.com or call 908-234-0700.

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