The bank manages $12.1 billion in assets under management/administration and maintains a single point of contact business model offering comprehensive banking solutions. The company maintains a solid capital position with recent improvements in funding and liquidity profile. The firm targets high-net-worth individuals and businesses in the New York metropolitan area.
Cyborg Score Rationale
The company will remain well capitalized following subordinated debt redemption with strong regulatory capital levels. PGC currently trades below its Fair Value, appearing on InvestingPro's most undervalued stocks list. Recent leadership retention agreements signal confidence in execution.
Top Insights
Company redeemed $100M in subordinated notes on March 2, 2026, at 100% of principal plus accrued interest.
Third-quarter 2024 deposits grew $279 million to $5.9 billion at 20% annualized rate.
Entered retention agreements with CEO Douglas Kennedy and SVP John Babcock through December 2028.
Moody's confirmed Baa3 long-term issuer rating with stable outlook, citing solid capital position.
Named Competitors
Regional Banking & Wealth Management — Northeast regional bank with commercial and wealth services
Wealth Management Services — National wealth management and investment banking
Community Banking — Regional community bank competitor