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

Peapack Private Bank & Trust has been named one of the 2025 Best Banks to Work For by American Banker in partnership with Best Companies Group, marking the eighth consecutive year the institution has received this workplace recognition. The bank ranked 48th among the 90 financial institutions that earned spots on this year's list, which identifies banks that excel at creating positive and supportive environments for their employees.

The selection process involves a comprehensive two-step evaluation where workplace policies, practices, and demographics account for 25% of the total score, while employee experiences and attitudes toward the workplace constitute 75% of the assessment. To qualify for consideration, banks must have at least 50 U.S.-based employees and have been in business for a minimum of one year. Best Companies Group managed the registration, survey administration, and data analysis for the program, ensuring rigorous and impartial evaluation standards.

Doug Kennedy, President and CEO of Peapack Private Bank & Trust, acknowledged the significance of this repeated recognition, stating that the achievement reflects the hard work and dedication of the bank's employees. The consistent appearance on this list suggests the bank has maintained a strong organizational culture and employee satisfaction levels over nearly a decade, which can have significant implications for client service quality and business performance.

Chana Schoenberger, Editor-in-Chief of American Banker, emphasized that the recognized banks are institutions where employees want to join and remain, understanding how to provide workers with reasons to find purpose in their jobs. This workplace distinction carries broader industry implications as financial institutions increasingly compete for talent in a challenging labor market. Banks that consistently appear on such lists may enjoy competitive advantages in recruitment, employee retention, and potentially even customer satisfaction, given the correlation between employee engagement and service quality.

The full list of the 2025 Best Banks to Work For is featured at http://www.americanbanker.com, providing industry professionals and job seekers with valuable insights into workplace culture across the banking sector. For more information on the Best Banks to Work For program, visit http://www.BestBankstoWorkfor.com. The recognition program serves as an important benchmark for workplace quality in the financial services industry, highlighting institutions that prioritize employee satisfaction and organizational culture as key components of their business strategy.

This repeated recognition suggests Peapack Private Bank & Trust has established sustainable human resources practices that contribute to employee satisfaction and retention. In an industry where trust and long-term client relationships are paramount, consistent workplace excellence can translate into better customer service, reduced turnover costs, and enhanced institutional reputation. The banking sector's ongoing transformation through technological innovation and changing customer expectations makes employee satisfaction increasingly critical to organizational success and competitive positioning.