The Federal Reserve Bank of New York announced that Douglas L. Kennedy, president and chief executive officer of Peapack-Gladstone Bank has been elected a Class A director representing Group 2, which consists of banks with capital and surplus between $40 million and $2 billion. Mr. Kennedy will serve a three-year term ending December 31, 2022.

Mr. Kennedy has over 35 years of commercial banking experience. Before joining Peapack-Gladstone Bank in 2012, he served as president of the New Jersey Market for Capital One Bank and North Fork Bank. Over the years, he has held key executive level positions building business at Fleet Bank, Summit Bancorp and Bank of America.

Kennedy has over 35 years of commercial banking experience. Before joining Peapack-Gladstone Bank in 2012, he served as president of the New Jersey Market for Capital One Bank and North Fork Bank. Over the years, he has held key executive level positions building business at Fleet Bank, Summit Bancorp and Bank of America.

In 2015 he was named CEO of the Year by Corporate LiveWire as part of its Innovation & Excellence Awards. He was named to the NJBIZ “Power 50 Banking” list and the NJBIZ “Power 50: The 50 Most Powerful Non-Profit Board Members” list in 2011. Additionally, he received the Carpe Diem Award from Montclair State University and was named “Man of the Year” by the Boy Scouts of America that same year. Mr. Kennedy is a current member of the New Jersey Chamber of Commerce Board of Directors, Montclair State University Board of Trustees, and Sacred Heart University Board of Trustees. He has served as President of NJ After 3 and as a Board Member of the New Jersey Bankers Association.