PRESS RELEASE

Park Sutton Advisors represents Peapack-Gladstone on its acquisition of Murphy Capital Management

New York, NY – May 26, 2017 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have served as financial advisor to Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC), parent company of Peapack-Gladstone Bank, on its pending acquisition of Murphy Capital Management, Inc. (“MCM”), a wealth management firm based in Gladstone, NJ, with approximately $850 million in assets under management. Terms were not disclosed and the acquisition, independent of transaction costs, is expected to be accretive to PGC earnings in the first year.

“MCM’s advice-led business model is consistent with the vision of Peapack-Gladstone Bank and the commitment we have to providing objective, relationship-driven solutions that help individuals create a legacy by building, protecting and transitioning their wealth to future generations,” said John P. Babcock, President of Private Wealth Management at Peapack-Gladstone Bank. John J. Murphy, MCM Founder and Managing Partner stated, “We consider it a privilege to help our clients achieve their goals. Uniting our firms will enhance two already best-in-class, solutions-based organizations.” The MCM transaction solidifies Peapack-Gladstone’s position as New Jersey’s premier boutique bank dedicated to providing its diverse client base with customized wealth management solutions.

About Park Sutton Advisors

Park Sutton Advisors is a leading investment banking boutique specializing in the financial services industry. The senior team of Park Sutton Advisors share over 70 years of aggregate experience and have worked in many facets of the financial services industry, including investment banking, asset management and mutual funds, and funds evaluation. Advisory services encompass mergers and acquisitions, divestitures, strategic alliances, joint ventures, valuations, fairness opinions, succession planning, expert witness testimony, and other strategic consulting projects. Our clients consist of traditional and alternative asset managers, wealth managers, broker-dealers, fund administrators, and other related financial services businesses.

Recent transactions include advising Fifth Third Bank on its acquisition of The Retirement Corporation of America, Apex Capital Management on its $145 million sale to Fiera Capital, serving as the independent advisor for the benefit of the agent for a group of lenders to Keeley Asset Management, and advising Park Madison Partners on the sale of a minority interest to Paxion Capital.

For additional information, please visit www.parksuttonadvisors.com, or contact us.