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Peapack-Gladstone closes acquisition of Lassus Wherley & Associates

Peapack-Gladstone Financial Corp., the holding company of Peapack-Gladstone Bank, closed its acquisition of fee-only wealth management firm Lassus Wherley & Associates PC, effective Sept. 1.

Diahann Lassus and Clare Wherley, founders of Lassus Wherley, remain as president and CEO, respectively, of Peapack-Gladstone Bank's latest unit. The entire team of Lassus Wherley will also stay, as the new subsidiary joins Peapack Private Wealth Management, Peapack-Gladstone Bank's wealth management unit.

Park Sutton Advisors LLC served as financial adviser to Peapack-Gladstone Bank.