Peapack Private Bank & Trust Named Among 2025 Best Banks to Work For
TL;DR
Peapack Private Bank & Trust's eighth consecutive Best Banks to Work For recognition signals a stable, attractive workplace that can attract and retain top talent.
The ranking is determined through a two-step evaluation process involving workplace policies analysis and anonymous employee surveys, with employee feedback comprising 75% of the score.
This recognition demonstrates how positive workplace cultures at banks like Peapack Private Bank & Trust create environments where employees find purpose and thrive professionally.
Peapack Private Bank & Trust ranked number 48 among 90 banks recognized for creating exceptional workplace environments based on employee feedback and benefits analysis.
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Peapack-Gladstone Financial Corporation announced that Peapack Private Bank & Trust has been named one of the 2025 Best Banks to Work For in a recognition program conducted by American Banker in partnership with Best Companies Group. This marks the eighth consecutive year the institution has received this workplace excellence honor, highlighting its sustained commitment to maintaining a positive and supportive environment for employees.
The selection process involved a comprehensive two-step evaluation methodology where workplace policies, practices, and demographics accounted for 25% of the total score, while employee experiences and attitudes toward the workplace comprised the remaining 75%. Banks must have at least 50 U.S.-based employees and have been in business for a minimum of one year to qualify for consideration. The full list of the 2025 Best Banks to Work For is featured at https://www.americanbanker.com.
Chana Schoenberger, Editor-in-Chief of American Banker, emphasized that "The banks recognized as Best Banks to Work For are institutions employees want to join and stay with. They understand how to give workers reasons to find purpose in their jobs." This recognition matters significantly in the competitive financial services industry where employee retention and satisfaction directly impact service quality and institutional stability.
Doug Kennedy, President and CEO of Peapack-Gladstone Financial Corporation, acknowledged the achievement by stating, "It's the hard work and dedication that they put in that makes it possible to achieve this distinction, and I am truly grateful." The ranking positions Peapack Private Bank & Trust at number 48 among the 90 banks that earned spots on this year's list, demonstrating its competitive standing in workplace culture within the banking sector.
The implications of this recognition extend beyond internal morale, as workplace excellence often correlates with improved customer service, reduced turnover costs, and enhanced institutional reputation. For more information on the Best Banks to Work For program, visit https://www.BestBankstoWorkfor.com. The rigorous selection process managed by Best Companies Group involved extensive survey administration and data analysis to ensure the credibility and accuracy of the rankings.
Curated from NewMediaWire
