Peapack-Gladstone Financial in Bedminster, N.J., could raise up to $50 million by selling stock.

The $2.4 billion-asset Peapack has filed documents to sell common shares in an "at-the-market" equity offering. The bank may use the proceeds to fund growth and expansion, it said in a press release Thursday.

Sandler O'Neill & Partners is the sales agent for the offering.

Peapack operates 23 branches across northern New Jersey, according to the Federal Deposit Insurance Corp.

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