Douglas L. Kennedy, the CEO of Peapack-Gladstone Financial Corp, brings over 42 years of banking experience to his role. He started leading the company in October 2012, taking it through a period of growth and transformation in the competitive banking...
Douglas L. Kennedy, the CEO of Peapack-Gladstone Financial Corp, brings over 42 years of banking experience to his role. He started leading the company in October 2012, taking it through a period of growth and transformation in the competitive banking industry. His background includes major positions at Capital One, Summit Bank, and Bank of America, giving him a solid foundation in commercial banking. In 2023, his total compensation was around $3 million, driven largely by cash bonuses tied to performance. Kennedy's investments show he believes in the company, as seen in his insider trades that peaked at nearly $10 million in shares by the end of 2022, reflecting a commitment to Peapack-Gladstone's success. Under his leadership, the bank has also focused on acquiring smaller wealth management firms to diversify its service offerings. His contributions and decisions during both good and tough times are shaping the future of Peapack-Gladstone.