Peapack Private Bank adds remote check printing for real estate closings

Peapack Private Bank & Trust on July 8 said it is expanding real estate payment services with remote official check printing, letting approved business customers issue bank checks from outside branches. The move is aimed at speeding closings for real estate firms, law practices and escrow companies while extending the bank’s reach in competitive East Coast markets.

Why it matters: - Remote official check printing can speed up real estate closings by reducing branch visits and administrative delays. - The capability is designed for businesses that need cash-equivalent funds available on demand, especially in markets where timing can determine whether a deal closes. - Peapack Private Bank & Trust is using the service to deepen commercial relationships and attract deposits from clients that want faster payment tools.

What happened: - Peapack Private Bank & Trust announced the expansion of its real estate services payment capabilities through Remote Official Check Printing technology on July 8, 2026. - The bank said approved business customers can securely issue official bank checks for real estate transaction closings from designated remote locations outside traditional branches. - The service is aimed at real estate professionals, law firms and escrow companies. - The bank linked the rollout to its growth strategy in key East Coast markets, including New York City real estate.

The details: - Remote Official Check Printing lets approved organizations print official bank checks while maintaining controls, security standards and audit requirements expected from a financial institution. - The bank said the technology can accelerate closings, reduce delays and eliminate many branch visits. - Greg Tamberlane, senior vice president and head of commercial bank operations New York, said the capability gives commercial clients more convenience, flexibility and responsiveness while keeping security and control intact. - Tamberlane said the feature also helps Peapack Private Bank & Trust serve customers in markets where the bank does not have a physical branch presence. - The technology is positioned as especially useful across the East Coast, where many businesses operate across multiple states and some states require cash equivalent funds at closings. - Peapack Private Bank & Trust said the New York real estate market can be especially sensitive to transaction timing. - The bank said business sectors including real estate firms, law practices, insurance organizations and nonprofit entities increasingly want financial partners that can support fast-moving operations with secure payment tools. - AP Technology supports the bank’s payment modernization strategy with its APSecure platform. - AP Technology said APSecure helps financial institutions modernize payment operations while maintaining security, compliance and audit requirements.

Between the lines: - The rollout shows how banks are turning payment infrastructure into a competitive tool for commercial client retention and deposit growth. - Peapack Private Bank & Trust is also signaling that physical branch coverage matters less when digital payment issuance can meet transaction deadlines. - AP Technology framed the move as part of a broader shift in banking toward faster and more secure payment experiences.

What's next: - Peapack Private Bank & Trust is likely to continue building payment and treasury capabilities as part of its broader commercial banking strategy. - The bank said the technology should help it reach businesses in markets where it may not maintain branches. - AP Technology said it will continue supporting financial institutions with secure payment issuance tools across the U.S. and Canada.

The bottom line: - Peapack Private Bank & Trust is using remote check printing to make real estate closings faster, more flexible and less dependent on branch access.