Peapack-Gladstone Financial in Bedminster, N.J., could look to raise up to $100 million in coming months.
The $2.4 billion-asset company filed a registration statement with the Securities and Exchange Commission to sell common and preferred stock, debt securities and other securities over time. The timing and potential pricing for the securities were not included in the filing.
Proceeds could be used for purposes that include investments in its bank or other units and expansion opportunities.
"This shelf registration will enable us to efficiently take advantage of the capital markets from time to time in the future, as needed to support growth associated with our strategic plan." Doug Kennedy, the company's president and chief executive, said in a separate press release Friday. "We will be very careful in any decision to issue capital, making our decision only after appropriate and comprehensive analysis and vetting."
The company announced in another press release that Richard Daingerfield had joined its board. Daingerfield recently retired as general counsel at Citizens Financial Group in Boston.
