Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend

GLADSTONE, N.J.--(Business Wire)--
Peapack-Gladstone Financial Corporation (AMEX:PGC) announced today
that its Board of Directors had declared a regular quarterly cash
dividend of $0.16 per share on its common stock. The dividend will be
paid to shareholders on August 1, 2008, to shareholders of record on
July 9, 2008.

Peapack-Gladstone Financial Corporation is a bank holding company
with total assets of $1.35 billion as of May 31, 2008.
Peapack-Gladstone Bank, its wholly owned community bank, was
established in 1921 and has 22 branches in Somerset, Hunterdon, Morris
and Union Counties. Its Trust Division, PGB Trust and Investments,
operates at the Bank's main office located at 190 Main Street in
Gladstone and at 233 South Street in Morristown. 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.

Peapack-Gladstone Financial Corporation
Arthur F. Birmingham, 908-719-4308
Chief Financial Officer

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