Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(a) On October 18, 2012, Pamela Hill retired from the Boards of Directors of Peapack-Gladstone Financial Corporation (the "Corporation") and its banking subsidiary, Peapack-Gladstone Bank (the "Bank"), effective December 31, 2012.

(b) Also, on October 18, 2012, Edward A. Gramigna, Jr. and Beth Welsh were appointed by the Corporation's Board of Directors to serve as directors of the Corporation and the Bank. Mr. Gramigna and Ms. Welsh will stand for election at the 2013 annual meeting.

Mr. Gramigna and Ms. Welsh have not been named to any committees of the Corporation's Board.

Attached hereto as Exhibit 99.1 and incorporated by reference herein is the press release of the Corporation dated October 19, 2012 relating to Mr. Gramigna's and Ms. Welsh's appointments and Ms. Hill's decision to retire.