On August 25, 2022, Jeffrey J. Carfora, Chief Financial Officer of Peapack-Gladstone Financial Corporation (the Company) and its wholly-owned subsidiary Peapack-Gladstone Bank, informed the Company that he intends to retire April 7, 2023, and will step down as CFO upon the earlier of the Company securing his replacement or April 7, 2023. The Company has begun a search for qualified candidates for the CFO position. Upon a new CFO joining the Company, Mr. Carfora would remain with the Company as a senior officer until April 7, 2023, to assist the Company and the new CFO with transitional matters.