Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend

    GLADSTONE, N.J., March 15 /PRNewswire-FirstCall/ -- The Board of Directors
 of Peapack-Gladstone Financial Corporation (Amex:   PGC) today announced a
 quarterly dividend of $0.15 per share.  The dividend has a record date as of
 the close of business on April 1, 2002 and is payable May 1, 2002 to
 shareholders.
     Peapack-Gladstone Financial Corporation is a bank holding company with
 total assets of $721 million as of February 28, 2002.  Peapack-Gladstone Bank,
 its wholly owned community bank was established in 1921, and has 16 branches
 in Somerset, Hunterdon and Morris Counties.  Its Trust Division, PGB Trust and
 Investments, operates at the Bank's main office located at 190 Main Street in
 Gladstone.  To learn more about Peapack-Gladstone Financial Corporation and
 its services please visit our web site at www.pgbank.com or call 908-234-0700.
 
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SOURCE  Peapack-Gladstone Financial Corporation