Quadrant’s founders, Chairman Jeff Fisher and President Jim Kearney, will stay on in those positions.
Their employees will also stay with the new Peapack-Gladstone Bank subsidiary, Quadrant Capital Management.
“We are happy to have completed our second wealth management acquisition of 2017 and are anxious to begin working with the Quadrant team,” said John P. Babcock, president of private wealth management at Bedminster-based Peapack-Gladstone Bank. “Together, we are committed to helping our clients by providing advice-led solutions to help them manage their wealth and secure their legacies.”
This is Peapack-Gladstone’s third wealth-management acquisition in two years.
Park Sutton Advisors LLC served as financial adviser and McElroy, Deutsch, Mulvaney & Carpenter LLP served as legal counsel to Peapack-Gladstone Bank on this transaction.