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Montclair State University Students Team Up with Peapack-Gladstone Bank

Montclair State University students and staff along with the Peapack-Gladstone Bank Trust & Investments support team.
Montclair State University students and staff along with the Peapack-Gladstone Bank Trust & Investments support team.

Through the conception of Doug Kennedy, President and Chief Executive Officer, and Peapack-Gladstone Bank Trust and Investments, the Bank recently formed a mutually beneficial relationship with Montclair State University (MSU) faculty and students.   Through the 2013 fall semester, MSU’s Investment Management Class faculty and students worked on a presentation regarding the practical application of investment principles in a real world environment.  This semester-long project was incorporated as part of their curriculum, and students were graded on the thoroughness of their analysis and quality of decision making with their assigned portfolios. 

Under the supervision of Dr. Seddik Meziani, Professor of Finance, MSU Department of Economics and Finance, on December 20, 2013, MSU visited Peapack-Gladstone Bank’s Headquarters in Bedminster.  Final portfolio management project analysis results were presented by three student teams to the Bank’s wealth management team comprised of John Creamer, Glen Corbitt and Michael Herrmann.  All teams were judged based on the criteria of their analysis and quality of decision making.  The Bank awarded a grand prize of $1,000 to the winning portfolio team - Ryan Pierce of Red Bank, NJ and Anthony Palmieri of Nutley, NJ. 

This research project was a valuable learning opportunity coordinated through Montclair State University and Peapack-Gladstone Bank to provide guidance in the practical application of investments in the real world.  Through the interaction and communication between students, faculty and Peapack-Gladstone Bank personnel, each of the six students also received 3 independent study credits in their fall semester in addition to valuable hands-on experience in the corporate environment.  The Bank thanks Montclair State University for the opportunity to interact with these academically exceptional students and congratulates the students who participated for their achievements.

About Peapack-Gladstone Financial Corporation (PGC):

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $1.8 billion as of September 30, 2013.  Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative private banking services to businesses, non-profits and consumers which help them to establish, maintain and expand their legacy.  Through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, its wealth management division, and its branch network and online platforms, Peapack-Gladstone Bank offers an unparalleled commitment to client service.  For additional information about Peapack-Gladstone Bank or to open an account online, visit www.pgbank.com or call 908-234-0700.  Member FDIC. Equal Housing Lender.  

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