Community Support and ESG

The Bank is committed to social responsibility, strong corporate governance, and advancing environmental sustainability. Our policies reflect this commitment by integrating Environmental, Social, and Governance (ESG) principles into the development of our products and services, the execution of the Bank's strategic objectives, and the way business decisions address sustainability-related opportunities and risks. We are dedicated to operating in an environmentally responsible manner — reducing our impact on climate change, conserving natural resources, and maintaining full compliance with applicable environmental regulations.

Environmental

2025 efforts included:
  • Reducing the Bank's carbon footprint and impact on the environment.
  • Reducing business travel and its environmental impact by using video and audio conferencing.
  • Participating in the Adopt-A-Trail Program under the jurisdiction of the Morris County Park Commission, giving the Bank responsibility to maintain a historic landmark.
  • Hosting events to raise awareness and decrease the Bank's environmental footprint.
  • Developing environmentally conscious digital initiatives.
  • Developing our cybersecurity infrastructure, migrating from an in-house data center to cloud computing.
  • Embracing a paperless environment and hardware recycling.
  • Utilizing filtered water at facilities.

Social

Peapack Private Bank & Trust fosters a culture of diversity and inclusion across all business lines, while operating ethically and supporting our clients and local communities. 2025 initiatives included:
  • Created in 2019, the Cultural Ambassador Committee continues to develop and evolve our corporate culture through communication, awareness, engagement and advocacy of the Bank's core principles, diversity and inclusion, environmental awareness, wellness and employee engagement.
  • We are committed to championing diversity, equity, and inclusion in the workplace. Our strategy focuses on achieving hiring levels that are representative of the communities we serve, as well as improving diversity representation in senior roles. We have dedicated actions designed to drive a more diverse and inclusive workforce, focusing on brand awareness and sourcing, recruiting, and hiring, and cultural awareness and appreciation.
  • In 2025, the Bank supported more than 320 charitable organizations, with over 325 employees contributing 1,500 hours of volunteer service through more than 60 in-person and virtual events.
  • Presented with the NJBankers Community Service Award for the 16th year.
  • HMDA reportable loans to majority-minority census tracts and low- and moderate-income census tracts in 2025 represented approximately 39% and 28% of originations, respectively.
  • Financial literacy workshops:
    • 44 workshops conducted
    • 877 participants taught
      • 17 in low-income tracts
      • Seven in moderate-income tracts

Governance

Strong corporate governance underpins the successful execution of our strategic plan and the oversight of our environmental, social, and governance initiatives. 2025 highlights include:
  • 93% of our Board of Directors, including the Chairman, are independent.
  • 33% of Senior Officers are female.
  • We were named one of the Best Banks to Work For by American Banker for the eighth year in a row.
  • We were named one of the Best Places to Work in NYC by Crain's New York Business for the second year in a row.
  • We utilize generally accepted accounting principles and external audit firms.
  • We have dedicated management committees focused on regulatory compliance and risk management.