Tuesday, Jun 23, 2026
New line of credit allows the University to support growth in academic programs
by Alix Knice
Rider University has established a new partnership with Peapack Private Bank & Trust that provides the University with access to a collateral-based line of credit, lowering borrowing costs and creating increased opportunities to support students.
“This partnership gives us greater financial flexibility as we continue to invest in the people, programs and experiences that move the University forward,” says President John R. Loyack, CPA, MBA. “This refinancing will lower borrowing costs and so those resources can further support innovation, expand experiential learning and strengthen the student experience.”
This partnership is one of several steps Rider is taking to strengthen its financial position and support the University’s long-term growth strategy.
“We are proud to partner with Rider University as it advances its mission of providing exceptional educational opportunities and experiences,” said Jeffrey Glaush, senior managing director at Peapack Private Bank & Trust. “This financing solution reflects our commitment to supporting institutions that make a lasting impact in their communities. We look forward to helping Rider enhance its financial flexibility and continue investing in its students, faculty and long-term growth.”
Founded in 1921, Peapack Private Bank & Trust is a growth-oriented boutique commercial bank that offers private banking solutions. Recognized as a market leader in the New York metropolitan area, Peapack Private Bank & Trust is committed to investing in local communities and offers comprehensive banking solutions to institutions like Rider University to help them maintain and grow their legacy.