ARTICLE
Peapack Capital, the equipment leasing subsidiary of Peapack-Gladstone Bank, funded equipment finance transactions totaling $305 million for commercial and corporate clients in 2019. Total earning assets grew to more than $650 million as of December 31, 2019, an increase of 63% over the prior year. Headquartered in Bedminster, New Jersey, Peapack Capital was founded in April 2017 and is led by Robert R. Cobleigh, President. 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 which help businesses grow and succeed. With more than 20 years of experience, the Peapack Capital team is a dedicated finance group, experts in various financing structures, able to support a broad spectrum of industries and assets.