Peapack-Gladstone Financial Corporation and Peapack-Gladstone have announced the addition of Peter Wallburg as a senior managing director of wealth management.

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank have announced the addition of Peter Wallburg as a senior managing director of wealth management.

Wallburg has 27 years of experience in the financial services industry, having most recently been a senior director of wealth management at BNY Mellon, where he managed two wealth advisory teams in New Jersey and New York City.

In related news, this January Craig Spengeman, president and chief investment officer of Peapack-Gladstone Bank Trust & Investments, retired from the firm.

Spengeman, who was also executive vice president of Peapack-Gladstone Bank, left after nearly 29 years at the firm and its wealth management division. At the time, the bank said he was instrumental in introducing its newest subsidiary, PGB Trust & Investments of Delaware - established in 2012 - and was therefore looking to replace him. 

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $1.97 billion as of December 31, 2013. The firm has private banking locations in Bedminster, Morristown, Princeton and Teaneck.