On May 9, shareholders of Peapack-Gladstone Financial Corp. voted in favor of increasing the number of authorized common shares to 42.0 million from 21.0 million.

The proposal received 13,862,551 votes for and 2,316,215 against, according to a Form 8-K filed May 10.

Bedminster, N.J.-based Peapack-Gladstone Financial is the holding company of Peapack-Gladstone Bank.