Peapack-Gladstone Financial Corporation, parent company of Peapack-Gladstone Bank, has completed the acquisition of Quadrant Capital Management (Quadrant).
Founders Jeff Fisher and Jim Kearney will remain as Chairman and President, respectively, of the new Peapack-Gladstone Bank subsidiary – Quadrant Capital Management. Their entire team of accomplished employees will remain with Quadrant and join Peapack-Gladstone Bank’s growing wealth management organisation.
“We are happy to have completed our second wealth management acquisition of 2017 and are anxious to begin working with the Quadrant team,” says John P Babcock, President of Private Wealth Management at Peapack-Gladstone Bank. “Together, we are committed to helping our clients by providing advice-led solutions to help them manage their wealth and secure their legacies.”
Park Sutton Advisors LLC served as financial advisor and McElroy, Deutsch, Mulvaney & Carpenter LLP served as legal counsel to Peapack-Gladstone Bank on the transaction.
