UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 7, 2000
PEAPACK-GLADSTONE FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
New Jersey 000-2353 22-3537895
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(State or other jurisdiction of (Commission File Number) (IRS Employer Identification
incorporation) Number)
158 Route 206, Peapack-Gladstone, New Jersey 07934
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (908) 234-0700
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(Former name or former address, if changed since last report)
Item 5. Acquisition or Disposition of Assets.
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On January 7, 2000, Peapack-Gladstone Financial Corporation completed
its previously announced acquisition of Chatham Savings, FSB by merging Chatham
Savings with and into Peapack-Gladstone Bank, Peapack's banking subsidiary,
pursuant to an Agreement and Plan of Merger dated as of August 26, 1999.
In the merger, Peapack exchanged 305,730 of its shares for all the
outstanding shares of Chatham Savings common stock. As of December 31, 1999,
Chatham Savings had total assets of approximately $80 million and Peapack had
total assets of approximately $419 million.
The transaction will be accounted for using the pooling-of-interests
method of accounting.
Item 7. Exhibits
Exhibit 99.1 - Press Release dated January 7, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registration has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
PEAPACK-GLADSTONE FINANCIAL CORPORATION
ARTHUR F. BIRMINGHAM
Dated: January 10, 2000 By: __________________________
Arthur F. Birmingham
Senior Vice President & Comptroller
Index to Exhibits
Exhibit 99.1 - Press Release dated January 7, 2000.