PEAPACK GLADSTONE FINANCIAL CORP
SC 13G, 2000-02-10
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549




                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13d-2(b)

                          (Amendment No. ____________)1



                     PEAPACK-GLADSTONE FINANCIAL CORPORATION
                     ---------------------------------------
                                (Name of Issuer)

                           Common Stock, no par value
                           --------------------------
                         (Title of Class of Securities)

                                   704699-10-7
                                   -----------
                                 (CUSIP Number)


(Date of Event Which Requires Filing of this Statement)          January 7, 2000
                                                                 ---------------

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

          [  ]        Rule 13d-1(b)

          [X ]        Rule 13d-1(c)

          [  ]        Rule 13d-1(d)


         1. 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 the 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 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).

                               Page 1 of 6 pages
<PAGE>



<TABLE>
<CAPTION>

- ------------------------------------------------------------
CUSIP No. 704699-10-7                                          13G
- ------------------------------------------------------------

- -------------- -----------------------------------------------------------------------------------
      <S>      <C>                                                               <C>
      1
               NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
                                                                                 James M. Weichert

- -------------- ------------------------------------------------------------------------------------

      2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A
               GROUP*                                                            (a)  [   ]
                                                                                 (b)  [   ]

- -------------- ------------------------------------------------------------------------------------

      3
               SEC USE ONLY


- -------------- -------------------------------------------------------------------------------------

      4
               CITIZENSHIP OR PLACE OF
               ORGANIZATION
                                                                                 UNITED STATES

- -------------- -------------------------------------------------------------------------------------

        NUMBER OF              5       SOLE VOTING POWER
         SHARES                                                                  286,730

                           ----------- -------------------------------------------------------------

      BENEFICIALLY             6
                                       SHARED VOTING OWNED BY POWER              0

                           ----------- -------------------------------------------------------------

          EACH
                               7
        REPORTING                      SOLE DISPOSITIVE POWER                    9.98%

                           ----------- -------------------------------------------------------------
         PERSON
                               8
          WITH                         SHARED DISPOSITIVE POWER                  0

                           ----------- -------------------------------------------------------------

      9
               AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      286,730

- -------------- -------------------------------------------------------------------------------------

     10
               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                                   [   ]

- -------------- -------------------------------------------------------------------------------------

     11
               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                   9.98%

- -------------- -------------------------------------------------------------------------------------

     12
               TYPE OF REPORTING PERSON*                                         IN

- -------------- -------------------------------------------------------------------------------------

</TABLE>
                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 2 of 6 pages
<PAGE>


Item 1(a).      Name of Issuer:

                Peapack-Gladstone Financial Corporation

Item 1(b).      Address of Issuer's Principal Executive Offices:

                158 Route 206 North
                Gladstone, New Jersey  07934

Item 2(a).      Name of Person Filing:

                James M. Weichert

Item 2(b).      Address of Principal Business Office or, if None, Residence:

                1625 State Highway 10
                Morris Plains, New Jersey  07950

Item 2(c).      Citizenship:

                United States citizen

Item 2(d).      Title of Class of Securities:

                Common Stock, no par value per share

Item 2(e).      CUSIP Number:

                704699-10-7

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:

            (a)   Broker or dealer  registered  under Section 15 of the Exchange
                  Act.

            (b)   Bank as defined in Section 3(a)(6) of the Exchange Act.

            (c)   Insurance  company  as  defined  in  Section  3(a)(19)  of the
                  Exchange Act.

            (d)   Investment   company   registered   under  Section  8  of  the
                  Investment Company Act.

            (e)   An    investment    adviser    in    accordance    with   Rule
                  13d-1(b)(1)(ii)(E);

                               Page 3 of 6 pages

<PAGE>

            (f)   An employee  benefit plan or endowment fund in accordance with
                  Rule13d-1(b)(1)(ii)(F);

            (g)   A parent holding  company or control person in accordance with
                  Rule 13d-1(b)(ii)(G);

            (h)   A  savings  association  as  defined  in  Section  3(b) of the
                  Federal Deposit Insurance Act;

            (i)   A church  plan  that is  excluded  from the  definition  of an
                  investment  company under Section  3(c)(14) of the  Investment
                  Company Act;

            (j)   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4.     Ownership.

            Provide the  following  information  regarding  the  aggregate
            number and percentage of the class of securities of the issuer
            identified in Item 1.

            (a)   Amount beneficially owned:

                  286,730

            (b)   Percent of class:

                  9.98%

            (c)   Number of shares as to which such person has:

                  (i)   Sole power to vote or to direct the vote

                        286,730

                  (ii)  Shared power to vote or to direct the vote

                        Not applicable.

                  (iii) Sole power to dispose or to direct the disposition of

                        286,730

                  (iv)  Shared power to dispose or to direct the disposition of

                        Not applicable.

                               Page 4 of 6 pages
<PAGE>



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.

            Not applicable.

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.

            Not applicable.

Item 9.     Notice of Dissolution of Group.

            Not applicable.

Item 10. Certifications.

         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.

                               Page 5 of 6 pages

<PAGE>


                                    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:   February 8, 2000





                                                  JAMES M. WEICHERT
                                                  -----------------
                                                  James M. Weichert

                               Page 6 of 6 pages



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