-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ez5DfgY7MOmBBqI+sOsc/uEWHv/raWBTE7KlIiFA2SdT5iFe1nxf89AZgJN26FoU juNgZH2gvQZgAe0qjjhwFQ== 0000927796-00-000005.txt : 20000202 0000927796-00-000005.hdr.sgml : 20000202 ACCESSION NUMBER: 0000927796-00-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000107 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEAPACK GLADSTONE FINANCIAL CORP CENTRAL INDEX KEY: 0001050743 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 223537895 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23537 FILM NUMBER: 505549 BUSINESS ADDRESS: STREET 1: PEAPACK GLADSTONE FINACIAL CORP STREET 2: 158 ROUTE 206 NORTH CITY: GLADSTONE STATE: NJ ZIP: 07934 BUSINESS PHONE: 9082340700 MAIL ADDRESS: STREET 1: PEAPACK GLADSTONE FINANCIAL CORP STREET 2: 158 ROUTE 206 NORTH CITY: GLADSTONE STATE: NJ ZIP: 07934 8-K 1 CURRENT REPORT ON FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 7, 2000 PEAPACK-GLADSTONE FINANCIAL CORPORATION ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter)
New Jersey 000-2353 22-3537895 - -------------------------------- ------------------------------- -------------------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer Identification incorporation) Number)
158 Route 206, Peapack-Gladstone, New Jersey 07934 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (908) 234-0700 ------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Acquisition or Disposition of Assets. - ------- ------------------------------------- On January 7, 2000, Peapack-Gladstone Financial Corporation completed its previously announced acquisition of Chatham Savings, FSB by merging Chatham Savings with and into Peapack-Gladstone Bank, Peapack's banking subsidiary, pursuant to an Agreement and Plan of Merger dated as of August 26, 1999. In the merger, Peapack exchanged 305,730 of its shares for all the outstanding shares of Chatham Savings common stock. As of December 31, 1999, Chatham Savings had total assets of approximately $80 million and Peapack had total assets of approximately $419 million. The transaction will be accounted for using the pooling-of-interests method of accounting. Item 7. Exhibits Exhibit 99.1 - Press Release dated January 7, 2000. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registration has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized. PEAPACK-GLADSTONE FINANCIAL CORPORATION ARTHUR F. BIRMINGHAM Dated: January 10, 2000 By: __________________________ Arthur F. Birmingham Senior Vice President & Comptroller Index to Exhibits Exhibit 99.1 - Press Release dated January 7, 2000. EX-99 2 EX. 99.1 - PRESS RELEASE DATED JANUARY 7, 2000 Press Release Upon Merger Gladstone, NJ, January 7, 2000 - Peapack-Gladstone Financial Corporation (NASDAQ;PGFC) holding company of Peapack-Gladstone Bank, announced today that it closed its acquisition of Chatham Savings, FSB. Peapack-Gladstone Financial Corporation exchanged 305,730 of its shares for all the outstanding shares of Chatham Savings. As of December 31, 1999, Chatham Savings had approximately $80,000,000 in assets and Peapack-Gladstone Bank had approximately $419,000,000 in assets. Frank A. Kissel, President and CEO of Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank, reported that both Chatham Savings offices, one of which is located on Main Street in Chatham and the other on Shunpike Road in Chatham Township, would become part of the Peapack-Gladstone Bank branch network. Prior to the merger, Peapack-Gladstone Bank had eleven branches in Somerset, Hunterdon and Morris Counties. The transaction was accounted for using the pooling of interests accounting treatment. "We are very excited about this combination", Kissel said. "We believe that the Chatham markets give us a terrific opportunity to bring our style of high service banking to many new customers and many new opportunities for our Trust and Investment Department to continue its extraordinary growth. Our Trust and Investment Department has almost $1 billion in assets under management and operates at the Bank's Main Office at 190 Main Street in Gladstone. We also anticipate having a full time Trust and Investment Officer located at the Main Street Branch in Chatham." "We bring strong capital, up to date technology and a determination to do a great job for our customers", Kissel said. "Our work ethic will be a great compliment to the energy in the Chatham area." T. Leonard Hill, Chairman of Peapack-Gladstone Bank and Peapack-Gladstone Financial Corporation reported that Anthony J. Consi, former Chairman of Chatham Savings, FSB will be joining the Board of Directors of both Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank. "We are delighted to have Mr. Consi on the Board and welcome his help in building our organization" said Mr. Hill. This press release contains certain forward-looking statements regarding the financial condition, results of operations and business of Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank. These statements are not historical fact and include expressions about Peapack-Gladstone's confidence, new and existing programs and products, opportunities, and market conditions. You may identify these statements by looking for forward looking terminology, like "believe" or "anticipate," or expressions of confidence like "extraordinary" or "terrific" or similar statements or variations of those terms. These forward-looking statements involve certain risks and uncertainties. Actual results may differ materially from the results the forward-looking statements contemplate, because of, among others, the following possibilities: competitive pressure in the banking and financial services industry increases significantly; Peapack-Gladstone does not realize expected cost savings or revenue enhancements from the merger as anticipated; deposit attrition, customer loss or revenue loss is greater than expected; a downturn in the stock market occurs; general economic conditions, either nationally, or in the state of New Jersey, are less favorable than expected. Neither Peapack-Gladstone Financial Corporation nor Peapack-Gladstone Bank assumes any obligation for updating its forward-looking statements at any time. -----END PRIVACY-ENHANCED MESSAGE-----