DELTA DENTAL OF NEW JERSEY, PEAPACK-GLADSTONE BANK PROGRAM OFFERS BELOW-MARKET LOANS TO PARTICIPATING DENTAL PRACTICES
PARSIPPANY, N.J. — May 19, 2016 — In a program developed by Delta Dental of New Jersey (DDNJ) and Peapack-Gladstone Bank (PGB), participating DDNJ dentists in New Jersey who are qualified borrowers are now eligible for loans below PGB’s regular interest rates.
“We developed this program to support the financial health of our participating dental practices,” said Dr. Keith Libou, Chief Clinical Officer, Delta Dental of New Jersey. “We chose to work with PGB because they have a strong local footprint, a great national reputation in the financial industry, and, like us, they understand the New Jersey business landscape.”
PGB and DDNJ, established in1921 and 1969, respectively, offer 140 years of combined experience providing personalized client service and solutions tailored to New Jersey businesses.
Loans made through this program, which will be approved up to a maximum of $250,000, may be used for such things as expanding or acquiring a practice, purchasing equipment, consolidating debt, or purchasing commercial real estate. Delta Dental participating PPO general and pediatric dentists will receive a discount that is one full point below PGB’s regular interest rates*. Delta Dental participating Premier dentists will receive a discount that is one quarter point below PGB’s regular interest rates**.All loan applications are subject to verification of Delta Dental participation by DDNJ and review and approval by PGB.
Dentists and dental practices interested in learning more about this program may contact Peter Cirignano, Vice President, PGB, at 844-PGB-DDNJ (742-3365) or visit http://www.pgbankdeltadentalnj.com/.
*As of July 1, 2016, specialists may participate in the Delta Dental PPO network, and will also be eligible for the 1 point PPO discount.
**Discounted interest rate will continue over the life of the loan, while the dentist remains a Delta Dental of New Jersey participating PPO or Premier dentist. Should a dentist’s PPO or Premier participation end, the interest rate discount will terminate, and the standard rate will apply through the remaining life of the loan.
About Delta Dental
Delta Dental of New Jersey Inc. is New Jersey’s leading dental benefits company, providing or administering coverage to more than 1.5 million people through contracts with groups in New Jersey and Connecticut. In Connecticut, Delta Dental Insurance Company writes dental coverage on an insured basis and Delta Dental of New Jersey administers self-funded dental benefit programs. For more information, visit www.deltadentalnj.com.
About Peapack-Gladstone Bank
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $3.47 billion as of March 31, 2016. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative private banking services to businesses, non-profits and consumers, which help them to establish, maintain and expand their legacy. Through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, its wealth management, commercial private banking and retail private banking divisions and its online platforms, Peapack-Gladstone Bank offers an unparalleled commitment to client service.