Peapack Private Bank & Trust Welcomes John Soffronoff as Enterprise Risk and Compliance Officer
NEWMEDIAWIRE) - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are proud to announce that John Soffronoff has joined the Bank as Enterprise Risk and Compliance Officer responsible for developing and maintaining effective, efficient, and scalable risk management and compliance programs commensurate with Peapack Private's growth and strategy objectives.
John brings 35 years of extensive experience in risk and compliance management for the financial services industry to the Bank. Most recently, he served as Partner at Capco, where he led the community banking practice, assisting clients with complex regulatory and compliance issues. Prior to Capco, John was Executive Director at FIS where he led the Enterprise Governance, Risk and Compliance consulting practice, established the managed services delivery channel, and created the Center of Regulatory Intelligence and GRC implementation teams. His previous roles also include President, ICS Risk Advisors and Examiner/Review Examiner at the FDIC.
John holds a BA in Economics from Moravian College. He is actively involved with the HV3 Foundation Mentorship Program and First Tee Greater Charlotte.
About the Company
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.0 billion and assets under management and/or administration of $11.9 billion as of December 31, 2024. Founded in 1921, Peapack Private Bank & Trust is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. The Bank's wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Washington Post
3 hours ago
- Washington Post
Trump's disregard for the rule of law could make America poorer
Gene Sperling was director of the National Economic Council under Presidents Bill Clinton and Barack Obama and was a senior adviser to President Joe Biden. Ever since Alexander Hamilton established the full faith and credit of the U.S. government as ironclad, generations of Americans have benefited from exceptional trust in our country's economic integrity. This stellar economic reputation has helped make America a magnet for long-term innovative, job-creating investments. Trust in the American brand has led to the dollar being the global reserve currency and to U.S. Treasurys being a safe haven in any global storm. And that has led to lower borrowing costs for our government, businesses and citizens.
Associated Press
4 hours ago
- Associated Press
Equity Commonwealth Transfers Remaining Assets and Liabilities to EQC Liquidating Trust and Dissolves
CHICAGO--(BUSINESS WIRE)--Jun 16, 2025-- Equity Commonwealth (the 'Company') announced today that, in accordance with the Plan of Sale and Dissolution (the 'Plan of Sale') approved by its shareholders on November 12, 2024, the Company transferred its remaining assets and liabilities to EQC Liquidating Trust, a newly-created Maryland common law trust, for the benefit of the common shareholders of the Company, effective June 13, 2025 (the 'Effective Date'). In conjunction with the transfer, EQC Liquidating Trust distributed all of its units of beneficial interests to the common shareholders of the Company, with each common shareholder receiving one unit in EQC Liquidating Trust (the 'Units') for each common share held. As a result, all outstanding common shares of the Company have been cancelled, and the Company has deregistered with the Securities and Exchange Commission (the 'SEC') and dissolved. The purpose of EQC Liquidating Trust is to wind up the affairs of the Company, liquidate the Company's remaining assets, pay any liabilities, costs and expenses assumed or incurred by EQC Liquidating Trust, and distribute any net proceeds to the holders of the Units. Distributions from EQC Liquidating Trust, if any, are expected to be nominal. Under the Liquidating Trust Agreement, Units are not transferable or assignable, except by will, intestate succession or operation of law. The Units are not certificated and are not listed on any exchange or quoted on any quotation system or otherwise tradeable in any public or private transactions. The restrictions on transfer will not prohibit the transfer of Units held by nominees or brokers to the beneficial holders of such Units. The five trustees of EQC Liquidating Trust are the Company's four named executive officers and the Lead Independent Trustee of the Company's Board of Trustees. They are vested with the authority to oversee EQC Liquidating Trust. Equity Commonwealth Management LLC, a wholly-owned subsidiary of EQC Liquidating Trust, will manage the day-to-day affairs of EQC Liquidating Trust under the supervision of the trustees of EQC Liquidating Trust. The U.S. federal income tax consequences of the transfer of the Company's assets and liabilities to EQC Liquidating Trust and the distribution of the Units to the Company's shareholders are summarized in the definitive proxy statement filed by the Company with the SEC on October 2, 2024. Additional tax information for the deemed distribution will be made available on the Company's website via Form 8937 at a later date. About Equity Commonwealth and EQC Liquidating Trust Equity Commonwealth was a Chicago based, internally managed and self-advised Maryland real estate investment trust (REIT), which formerly traded on the New York Stock Exchange under the ticker symbol EQC. EQC Liquidating Trust is a Maryland common law trust. Effective June 13, 2025, Equity Commonwealth transferred its remaining assets and liabilities to EQC Liquidating Trust for the benefit of Equity Commonwealth's common shareholders in accordance with and as anticipated by the Plan of Sale. The purpose of EQC Liquidating Trust is to liquidate assets, pay any liabilities, costs and expenses, and distribute any net proceeds to the holders of EQC Liquidating Trust Units. Equity Commonwealth Management LLC is a wholly-owned subsidiary of and will manage the day-to-day affairs of EQC Liquidating Trust. Regulation FD Disclosures The Company uses any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. The Company routinely posts important information on its website at , including information that may be deemed to be material. The Company encourages investors and others interested in the Company to monitor these distribution channels for material disclosures. Forward-Looking Statements This press release may contain forward-looking statements and information within the meaning of the federal securities laws. These statements, including statements relating to the expected tax treatment of distributions, are based on current expectations, estimates, projections and assumptions made by management. While the Company's management believes the assumptions underlying its forward-looking statements are reasonable, such information is inherently subject to uncertainties and may involve certain risks. Other risks and uncertainties are described under the heading 'Risk Factors' in our Annual Report on Form 10-K and subsequent periodic reports filed with the SEC and available on our website, . Many of these uncertainties and risks are difficult to predict and beyond management's control. Forward-looking statements are not guarantees of future performance, results or events. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. View source version on CONTACT: Investor Contact EQC Liquidating Trust (312) 646-2801 [email protected] KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY REIT SOURCE: Equity Commonwealth Copyright Business Wire 2025. PUB: 06/16/2025 06:45 AM/DISC: 06/16/2025 06:43 AM
Yahoo
10 hours ago
- Yahoo
Sprott Physical Uranium Trust Announces US$100 Million Bought Deal Financing
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./ TORONTO, June 16, 2025 /CNW/ - Sprott Inc. (NYSE: SII) (TSX: SII) ("Sprott") on behalf of the Sprott Physical Uranium Trust (TSX: (TSX: U.U) ("SPUT" or the "Trust") today announced that it has entered into an agreement with Canaccord Genuity Corp (the "Underwriter") pursuant to which the Underwriter has agreed to purchase on a "bought deal" basis 5,800,000 units of the Trust (the "Units") at a price of US$17.25 per Unit (the "Offering Price"), representing total gross proceeds of US$100,050,000 (the "Offering"). The net proceeds per Unit to be received by the Trust will be not less than 100% of the most recently calculated net asset value of the Trust per Unit prior to the determination of the pricing of the Offering. The net proceeds of the Offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and uranium hexaflouride and related fees and expenses in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. Closing of the Offering is expected to occur on or about June 20, 2025 (the "Closing Date"), and is subject to regulatory approval including that of the Toronto Stock Exchange. The Offering will be made: (i) in all of the provinces and territories of Canada (other than Quebec) by way of a prospectus supplement to the Trust's existing base shelf prospectus dated January 3, 2024 (the "Base Shelf Prospectus"), as supplemented by a prospectus supplement (the "Prospectus Supplement" and together with the Base Shelf Prospectus, the "Offering Documents") pursuant to National Instrument 44-101 – Short-Form Prospectus Distributions and National Instrument 44-102 – Shelf Distributions; (ii) in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and any applicable securities laws of any state of the United States, to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act; and (iii) in jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction. The completion of the Offering shall be subject to the receipt of all necessary regulatory approvals and other conditions listed herein. The Offering Documents will be available at Investors should read the Offering Documents and other documents the Trust has filed for more complete information about the Trust and the Offering. This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Units have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. About Sprott Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "SII". For more information, please visit About the Trust Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking Information This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws ("forward-looking statements"). Forward-looking statements in this press release include, without limitation, statements regarding the Offering, including the intended use of proceeds from any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with the Offering. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: investor demand the uranium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, each as updated by the Trust's continuous disclosure filings, which are available at All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law. SOURCE Sprott Physical Uranium Trust View original content:
