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Form SC 13G PEAPACK GLADSTONE FINANC Filed by: EJF Capital LLC

November 25, 2014 4:14 PM EST
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934


Peapack-Gladstone Financial Corporation
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
704699107
(CUSIP Number)

November 21, 2014
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 704699107
13G

1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
����EJF Capital LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) x
(b) o
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
����Delaware
NUMBER OF
SHARES
5
SOLE VOTING POWER
0
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
662,439
EACH
REPORTING
7
SOLE DISPOSITIVE POWER
0
PERSON
WITH
8
SHARED DISPOSITIVE POWER
662,439
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
662,439
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)������o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
(1)
Based on 12,289,185 shares of common stock outstanding as of November 3, 2014, as the Issuer reported in its Form 10-Q filed with the SEC on November 10, 2014.�

CUSIP No. 704699107
13G
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
����Emanuel J. Friedman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) x
(b) o
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
����United States
NUMBER OF
SHARES
5
SOLE VOTING POWER
0
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
662,439
EACH
REPORTING
7
SOLE DISPOSITIVE POWER
0
PERSON
WITH
8
SHARED DISPOSITIVE POWER
662,439
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
662,439
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)������o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
(1)
Based on 12,289,185 shares of common stock outstanding as of November 3, 2014, as the Issuer reported in its Form 10-Q filed with the SEC on November 10, 2014.�

CUSIP No. 704699107
13G

1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
����������� EJF Financial Services Fund, LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) x
(b) o
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
����������� Delaware
NUMBER OF
SHARES
5
SOLE VOTING POWER
0
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
662,439
EACH
REPORTING
7
SOLE DISPOSITIVE POWER
0
PERSON
WITH
8
SHARED DISPOSITIVE POWER
662,439
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
662,439
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
�������������� 5.4% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
(1)
Based on 12,289,185 shares of common stock outstanding as of November 3, 2014, as the Issuer reported in its Form 10-Q filed with the SEC on November 10, 2014.�

CUSIP No. 704699107
13G

1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
����������� EJF Financial Services GP, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) x
(b) o
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
����������� Delaware
NUMBER OF
SHARES
5
SOLE VOTING POWER
0
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
662,439
EACH
REPORTING
7
SOLE DISPOSITIVE POWER
0
PERSON
WITH
8
SHARED DISPOSITIVE POWER
662,439
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
662,439
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
(1)
Based on 12,289,185 shares of common stock outstanding as of November 3, 2014, as the Issuer reported in its Form 10-Q filed with the SEC on November 10, 2014.�

Item 1. (a)����������������������Name of Issuer

Peapack-Gladstone Financial Cororation
Item 1. (b)����������������������Address of Issuers Principal Executive Offices

500 Hills Drive, Suite 300
Bedminster, New Jersey 07921
Item 2. (a)����������������������Name of Person Filing

This Schedule 13G is being filed on behalf of the following persons (the Reporting Persons)*:
(i)
EJF Capital LLC;
(ii)
Emanuel J. Friedman;
(iii)
EJF Financial Services Fund, LP; and
(iv)
EJF Financial Services GP, LLC.
*Attached as Exhibit A is a copy of an agreement among the Reporting Persons that this Schedule 13G is being filed on behalf of each of them.
Item 2. (b)����������������������Address of Principal Business Office or, if None, Residence

EJF Capital LLC
2107 Wilson Boulevard
Suite 410
Arlington, VA 22201

Emanuel J. Friedman
2107 Wilson Boulevard
Suite 410
Arlington, VA 22201

EJF Financial Services Fund, LP
2107 Wilson Boulevard
Suite 410
Arlington, VA 22201

EJF Financial Services GP, LLC
2107 Wilson Boulevard
Suite 410
Arlington, VA 22201
Item 2. (c)����������������������Citizenship

See Item 4 of the attached cover pages.
Item 2. (d)����������������������Title of Class of Securities

Common Stock, no par value (Common Stock)
Item 2. (e)����������������������CUSIP Number

704699107
Item 3.������������������������If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

Not Applicable.

Item 4.������������������������Ownership

(a)
Amount beneficially owned:
See Item 9 of the attached cover pages.
(b)
Percent of class:
See Item 11 of the attached cover pages.
(c)
Number of shares as to which such person has:
(i)
Sole power to vote or to direct the vote:
� 
See Item 5 of the attached cover pages.
(ii)
Shared power to vote or to direct the vote:
See Item 6 of the attached cover pages.
(iii)
Sole power to dispose or to direct the disposition:
See Item 7 of the attached cover pages.
(iv)
Shared power to dispose or to direct the disposition:
See Item 8 of the attached cover pages.

EJF Financial Services Fund, LP is the record owner of the shares of Common Stock shown on item 9 of its cover page.

EJF Financial Services GP, LLC serves as the general partner and investment manager of EJF Financial Services Fund, LP and may be deemed to share beneficial ownership of the shares of Common Stock of which EJF Financial Services Fund, LP is the record owner.

EJF Capital LLC is the sole member and manager of EJF Financial Services GP, LLC and may be deemed to share beneficial ownership of the shares of Common Stock of which EJF Financial Services GP, LLC may share beneficial ownership.��Emanuel J. Friedman is the controlling member of EJF Capital LLC and may be deemed to share beneficial ownership of the shares of Common Stock over which EJF Capital LLC may share beneficial ownership.
Item 5.����������������������Ownership of Five Percent or Less of a Class

Not Applicable.
Item 6.����������������������Ownership of More than Five Percent on Behalf of Another Person

See Item 4.

Item 7.����������������������Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

Not Applicable.

Item 8.����������������������Identification and Classification of Members of the Group

The filing persons may be deemed to be members of a group.

Item 9.����������������������Notice of Dissolution of Group

Not Applicable.

Item 10.��������������������Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Section 240.14a-11.


SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:��November 25, 2014
EJF CAPITAL LLC
By:
/s/ Neal J. Wilson
Name:
Neal J. Wilson
Title:
Chief Operating Officer
EMANUEL J. FRIEDMAN
By:
/s/ Emanuel J. Friedman
Name:
Emanuel J. Friedman
EJF FINANCIAL SERVICES FUND, LP
By:
Its:
EJF FINANCIAL�SERVICES GP, LLC
General Partner
By:
Its:
EJF CAPITAL LLC
Sole Managing Member
By:
/s/ Neal J. Wilson
Name:
Neal J. Wilson
Title:
Chief Operating Officer
EJF FINANCIAL FINANCIAL SERVICES GP, LLC
By:
Its:
EJF CAPITAL LLC
Sole Managing Member
By:
/s/ Neal J. Wilson
Name:
Neal J. Wilson
Title:
Chief Operating Officer

EXHIBIT A

The undersigned, EJF Capital LLC, a Delaware limited liability company, Emanuel J. Friedman, EJF Financial Services Fund, LP, a Delaware limited partnership, and EJF Financial Services GP, LLC, a Delaware limited liability company, hereby agree and acknowledge that the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of each of them.��The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.

Dated:��November 25, 2014
EJF CAPITAL LLC
By:
/s/ Neal J. Wilson
Name:
Neal J. Wilson
Title:
Chief Operating Officer
EMANUEL J. FRIEDMAN
By:
/s/ Emanuel J. Friedman
Name:
Emanuel J. Friedman
EJF FINANCIAL SERVICES FUND, LP
By:
Its:
EJF FINANCIAL SERVICES GP, LLC
General Partner
By:
Its:
EJF CAPITAL LLC
Sole Managing Member
By:
/s/ Neal J. Wilson
Name:
Neal J. Wilson
Title:
Chief Operating Officer
EJF FINANCIAL FINANCIAL SERVICES GP, LLC
By:
Its:
EJF CAPITAL LLC
Sole Managing Member
By:
/s/ Neal J. Wilson
Name:
Neal J. Wilson
Title:
Chief Operating Officer


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