New Jersey lender bets big on financing life insurance premiums

High-net-worth clients with large policies borrow, on average, $500,000 to $800,000 to pay their premiums. Peapack-Gladstone predicts the product, which it launched this month, will be one of its top business lines within six years.

Related Keywords

Peapack ,New Jersey ,United States ,Illinois ,Virginia ,Dallas ,Texas ,Bedminster ,Douglas Kennedy ,Anthony Loscalzo ,David Bishop ,Hovde Bishop ,Anthony Loscalzo Raymond Kim ,Greg Smith ,Raymond Kim ,Texas Capital Bancshares ,Peapack Gladstone Financial Corp ,Wintrust Financial ,Primis Financial Corp ,Peapack Gladstone Financial ,Primis Financial ,Bankdirect Capital Finance ,North Carolina Based ,Private Wealth ,Community Banking ,