Peapack Private Bank & Trust Earns Eighth Consecutive Best Banks to Work For Recognition

Peapack Private Bank & Trust has secured its position among the nation's top financial institutions for employee satisfaction, earning recognition as one of the 2025 Best Banks to Work For. This marks the eighth consecutive year the New Jersey-based bank has received this workplace excellence distinction, placing it at number 48 on this year's prestigious list compiled by American Banker in partnership with Best Companies Group.

The significance of this recognition extends beyond mere corporate accolades, representing a critical indicator of institutional stability and service quality in the banking sector. Banks that consistently maintain positive workplace environments typically experience lower employee turnover, higher customer satisfaction rates, and more sustainable business practices. For customers and investors, this repeated recognition signals a stable institution where experienced professionals choose to build their careers, potentially translating to better service continuity and deeper client relationships.

The selection process for the Best Banks to Work For program involves rigorous evaluation, with employee feedback carrying substantial weight in the final determination. Workplace policies, practices, and demographics account for 25% of the total score, while employee experiences and attitudes toward their workplace environment comprise 75% of the evaluation. This methodology ensures that the recognition genuinely reflects employee satisfaction rather than simply corporate policies on paper. The full list of the 2025 Best Banks to Work For is featured at http://www.americanbanker.com.

Doug Kennedy, President and CEO of Peapack Private Bank & Trust, acknowledged the achievement stems directly from employee dedication. "It's the hard work and dedication that they put in that makes it possible to achieve this distinction, and I am truly grateful," Kennedy stated. This employee-centric approach aligns with research showing that banks with strong workplace cultures typically demonstrate better financial performance and customer service metrics over time.

Chana Schoenberger, Editor-in-Chief of American Banker, emphasized the broader industry implications of such recognition. "The banks recognized as Best Banks to Work For are institutions employees want to join and stay with," Schoenberger noted. "They understand how to give workers reasons to find purpose in their jobs." This perspective highlights how workplace satisfaction directly impacts employee retention and institutional knowledge preservation within the competitive financial services sector.

The banking industry faces ongoing challenges in talent recruitment and retention, particularly as technological transformation reshapes traditional roles. Consistent recognition as a top workplace provides Peapack Private Bank & Trust with a competitive advantage in attracting skilled professionals who seek institutions valuing employee well-being and professional development. For more information on the Best Banks to Work For program, visit http://www.BestBankstoWorkfor.com.

This repeated acknowledgment suggests Peapack Private Bank & Trust has established sustainable human resources practices that benefit both employees and the clients they serve. In an era where corporate culture increasingly influences consumer choice and investment decisions, such workplace recognition carries meaningful implications for the bank's market positioning and long-term viability within the financial services landscape.