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Peapack-Gladstone Bank and OMI Announce a New Relationship

Bedminster, New Jersey, Jan. 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank have announced their partnership with OMI (Outcomes Matter Innovations) located in Hackensack, New Jersey, to provide funding to support OMI’s upcoming growth initiatives. “Peapack-Gladstone Bank is honored to commence its new partnership with this physician and hospital management organization,” says Lisa Gallo-Conklin, Senior Managing Director, Commercial Private Banking. “Providing financial support through our Commercial Lending division for the firm’s growth initiatives and state-of-the-art treasury management solutions, together with the opportunity to offer unparalleled service and thoughtful strategic advice to OMI and its employees, is the ultimate banking relationship.”

“We are very excited to partner with Peapack-Gladstone Bank. They truly understand the needs of our business and have been a great pleasure to work with,” states Michele Donato, MD, FACP, CPE. OMI was created with the mission of removing the administrative and back-office burdens facing hospitals and independent physicians in today’s constantly-changing healthcare environment. OMI provides real-world expertise to help hospitals, multi-disciplinary groups and individual practitioners grow and thrive.

OMI was started by physicians in leadership positions of one of the largest oncology groups in the nation as a way to manage all non-clinical aspects of the group and allow physicians to focus on their patients. In developing OMI, they have optimized the way the business of healthcare is run by remaining hyper-focused on the granular details that go into running a financially successful practice, group or hospital. Services offered by OMI include but are not limited to cost management and financial reporting, billing and collecting, joint venture opportunities, development of growth strategies and operations and business development consulting.

ABOUT PEAPACK-GLADSTONE BANK

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $4.44 billion and assets under management and/or administration of $6.4 billion as of September 30, 2018. 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 Peapack Private Wealth Management, and its private banking locations in Bedminster, Gladstone, Fairfield, Morristown, New Providence, Princeton and Teaneck, and its trust office in Greenville, DE, Peapack-Gladstone Bank offers an unparalleled commitment to client service through its private wealth management, commercial private banking, retail private banking and residential lending divisions, along with its online platforms.

Contact: Rosanne Schwab, Peapack-Gladstone Bank, Assistant Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ 07921 rschwab@pgbank.com, (908) 719-6543.

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