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<!-- DFIN ActiveDisclosure(SM) XBRL Linkbase Document - http://www.dfinsolutions.com/ -->
<!-- Creation Date      : 2021-08-09T17:08:19.3057264+00:00 -->
<!-- Version            : 5.0.1.648 -->
<!-- Package ID         : 98d4d546577c42e8a420782fde00fb09 -->
<!-- Copyright (c) 2021 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ListingServiceCertificatesOfDeposit" xlink:type="locator" xlink:label="pgc_ListingServiceCertificatesOfDeposit" />
    <link:label xml:lang="en-US" xlink:label="pgc_ListingServiceCertificatesOfDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Listing service certificates of deposit.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_DepositLiabilitiesExcludingBrokeredDeposits" xlink:type="locator" xlink:label="pgc_DepositLiabilitiesExcludingBrokeredDeposits" />
    <link:label xml:lang="en-US" xlink:label="pgc_DepositLiabilitiesExcludingBrokeredDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deposit Liabilities, Excluding Brokered Deposits.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_BrokeredCertificatesOfDeposit" xlink:type="locator" xlink:label="pgc_BrokeredCertificatesOfDeposit" />
    <link:label xml:lang="en-US" xlink:label="pgc_BrokeredCertificatesOfDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of deposits that cannot be withdrawn before a set date without penalty or for which notice of withdrawal is required. Time deposits include, but are not limited to, certificates of deposits, individual retirement accounts and open accounts.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_FederalDepositInsuranceCorporationPremiumExpenseBenefit" xlink:type="locator" xlink:label="pgc_FederalDepositInsuranceCorporationPremiumExpenseBenefit" />
    <link:label xml:lang="en-US" xlink:label="pgc_FederalDepositInsuranceCorporationPremiumExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Federal deposit insurance corporation premium expense (benefit).</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_WealthManagementFeeIncome" xlink:type="locator" xlink:label="pgc_WealthManagementFeeIncome" />
    <link:label xml:lang="en-US" xlink:label="pgc_WealthManagementFeeIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Wealth management fee income for the period.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_ServiceChargesAndFees" xlink:type="locator" xlink:label="pgc_ServiceChargesAndFees" />
    <link:label xml:lang="en-US" xlink:label="pgc_ServiceChargesAndFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Income earned from loan customers and depositors for services rendered.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_GainLossOnLoansHeldForSaleAtFairValue" xlink:type="locator" xlink:label="pgc_GainLossOnLoansHeldForSaleAtFairValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_GainLossOnLoansHeldForSaleAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Period gain (loss) on loans held for sale at fair value.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_FeeIncomeRelatedToLoanLevelBackToBackSwaps" xlink:type="locator" xlink:label="pgc_FeeIncomeRelatedToLoanLevelBackToBackSwaps" />
    <link:label xml:lang="en-US" xlink:label="pgc_FeeIncomeRelatedToLoanLevelBackToBackSwaps_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fee income related to loan level back to back swaps.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FeeIncomeRelatedToLoanLevelBackToBackSwaps" xlink:to="pgc_FeeIncomeRelatedToLoanLevelBackToBackSwaps_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_GainOnSaleOfSbaLoans" xlink:type="locator" xlink:label="pgc_GainOnSaleOfSbaLoans" />
    <link:label xml:lang="en-US" xlink:label="pgc_GainOnSaleOfSbaLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Gain on sale of Sba loans.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_CorporateAdvisoryFeeIncome" xlink:type="locator" xlink:label="pgc_CorporateAdvisoryFeeIncome" />
    <link:label xml:lang="en-US" xlink:label="pgc_CorporateAdvisoryFeeIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Corporate advisory fee income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_CorporateAdvisoryFeeIncome" xlink:to="pgc_CorporateAdvisoryFeeIncome_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OverdraftFeesRevenue" xlink:type="locator" xlink:label="pgc_OverdraftFeesRevenue" />
    <link:label xml:lang="en-US" xlink:label="pgc_OverdraftFeesRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">revenue from overdraft fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OverdraftFeesRevenue" xlink:to="pgc_OverdraftFeesRevenue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_WealthManagementFeesRevenues" xlink:type="locator" xlink:label="pgc_WealthManagementFeesRevenues" />
    <link:label xml:lang="en-US" xlink:label="pgc_WealthManagementFeesRevenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Revenue from wealth management fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_WealthManagementFeesRevenues" xlink:to="pgc_WealthManagementFeesRevenues_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OtherNoninterestIncome" xlink:type="locator" xlink:label="pgc_OtherNoninterestIncome" />
    <link:label xml:lang="en-US" xlink:label="pgc_OtherNoninterestIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Represents the total of noninterest income derived from certain activities and assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OtherNoninterestIncome" xlink:to="pgc_OtherNoninterestIncome_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour" xlink:type="locator" xlink:label="pgc_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour" />
    <link:label xml:lang="en-US" xlink:label="pgc_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Lessee operating lease liability payments due after year four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour" xlink:to="pgc_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour_lbl" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Entity Central Index Key</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" />
    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFilerCategory" xlink:type="locator" xlink:label="dei_EntityFilerCategory" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFilerCategory_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Entity Filer Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFilerCategory_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntitySmallBusiness" xlink:type="locator" xlink:label="dei_EntitySmallBusiness" />
    <link:label xml:lang="en-US" xlink:label="dei_EntitySmallBusiness_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Small Business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntitySmallBusiness_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:type="locator" xlink:label="dei_EntityCommonStockSharesOutstanding" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Common Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock Shares Outstanding</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalPeriodFocus" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Period Focus</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalYearFocus" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Year Focus</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:type="locator" xlink:label="dei_EntityCurrentReportingStatus" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome" xlink:type="locator" xlink:label="us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:type="locator" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Less: Allowance for loan and lease losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableAllowance" xlink:to="us-gaap_LoansAndLeasesReceivableAllowance_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Allowance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:type="locator" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net loans</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Net Reported Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Premises and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRealEstate" xlink:type="locator" xlink:label="us-gaap_OtherRealEstate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other real estate owned</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherRealEstate" xlink:to="us-gaap_OtherRealEstate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestReceivable" xlink:type="locator" xlink:label="us-gaap_InterestReceivable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestReceivable" xlink:to="us-gaap_InterestReceivable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BankOwnedLifeInsurance" xlink:type="locator" xlink:label="us-gaap_BankOwnedLifeInsurance" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BankOwnedLifeInsurance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank owned life insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BankOwnedLifeInsurance" xlink:to="us-gaap_BankOwnedLifeInsurance_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BankOwnedLifeInsurance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bank Owned Life Insurance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Goodwill" xlink:type="locator" xlink:label="us-gaap_Goodwill" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Goodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Goodwill" xlink:to="us-gaap_Goodwill_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Goodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:type="locator" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets Net Excluding Goodwill</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinanceLeaseRightOfUseAsset" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finance lease right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseRightOfUseAsset" xlink:to="us-gaap_FinanceLeaseRightOfUseAsset_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finance Lease Right Of Use Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating lease right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease Right Of Use Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssets" xlink:type="locator" xlink:label="us-gaap_OtherAssets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets" xlink:type="locator" xlink:label="us-gaap_Assets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">TOTAL ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_DepositsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsAbstract" xlink:to="us-gaap_DepositsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DepositsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deposits [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestBearingDomesticDepositDemand" xlink:type="locator" xlink:label="us-gaap_NoninterestBearingDomesticDepositDemand" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NoninterestBearingDomesticDepositDemand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noninterest-bearing demand deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoninterestBearingDomesticDepositDemand" xlink:to="us-gaap_NoninterestBearingDomesticDepositDemand_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NoninterestBearingDomesticDepositDemand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Noninterest Bearing Domestic Deposit Demand</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestBearingDepositLiabilitiesByComponentAbstract" xlink:type="locator" xlink:label="us-gaap_InterestBearingDepositLiabilitiesByComponentAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDepositLiabilitiesByComponentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest-bearing deposits:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestBearingDepositLiabilitiesByComponentAbstract" xlink:to="us-gaap_InterestBearingDepositLiabilitiesByComponentAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDepositLiabilitiesByComponentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Bearing Deposit Liabilities By Component [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestBearingDomesticDepositChecking" xlink:type="locator" xlink:label="us-gaap_InterestBearingDomesticDepositChecking" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDomesticDepositChecking_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Checking</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestBearingDomesticDepositChecking" xlink:to="us-gaap_InterestBearingDomesticDepositChecking_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDomesticDepositChecking_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Bearing Domestic Deposit Checking</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestBearingDomesticDepositSavings" xlink:type="locator" xlink:label="us-gaap_InterestBearingDomesticDepositSavings" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDomesticDepositSavings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Savings</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDomesticDepositSavings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Bearing Domestic Deposit Savings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepositsMoneyMarketDeposits" xlink:type="locator" xlink:label="us-gaap_DepositsMoneyMarketDeposits" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DepositsMoneyMarketDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Money market accounts</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDeposits" xlink:type="locator" xlink:label="us-gaap_TimeDeposits" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Certificates of deposit - retail</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDeposits" xlink:to="us-gaap_TimeDeposits_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposits</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ListingServiceCertificatesOfDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Certificates of deposit - listing service</link:label>
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    <link:label xml:lang="en-US" xlink:label="pgc_DepositLiabilitiesExcludingBrokeredDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Subtotal deposits</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_InterestExpenseExcludingBrokeredDeposits" xlink:type="locator" xlink:label="pgc_InterestExpenseExcludingBrokeredDeposits" />
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered" xlink:type="locator" xlink:label="pgc_InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered" />
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_InterestOnInvestmentAbstract" xlink:type="locator" xlink:label="pgc_InterestOnInvestmentAbstract" />
    <link:label xml:lang="en-US" xlink:label="pgc_InterestOnInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest on investments:</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:to="us-gaap_InterestAndDividendIncomeOperatingAbstract_lbl" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio" xlink:type="locator" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest and fees on loans</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest And Fee Income Loans And Leases Held In Portfolio</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestOnInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on investments:</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestOnInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest On Investment [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeSecuritiesTaxable" xlink:type="locator" xlink:label="us-gaap_InterestIncomeSecuritiesTaxable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeSecuritiesTaxable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Taxable</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeSecuritiesTaxable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income Securities Taxable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeSecuritiesTaxExempt" xlink:type="locator" xlink:label="us-gaap_InterestIncomeSecuritiesTaxExempt" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeSecuritiesTaxExempt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax-exempt</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeSecuritiesTaxExempt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income Securities Tax Exempt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale" xlink:type="locator" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on loans held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale" xlink:to="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest And Fee Income Loans And Leases Held For Sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeDomesticDeposits" xlink:type="locator" xlink:label="us-gaap_InterestIncomeDomesticDeposits" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeDomesticDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on interest-earning deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeDomesticDeposits" xlink:to="us-gaap_InterestIncomeDomesticDeposits_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeDomesticDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income Domestic Deposits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:type="locator" xlink:label="us-gaap_InterestAndDividendIncomeOperating" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total interest income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendIncomeOperating" xlink:to="us-gaap_InterestAndDividendIncomeOperating_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest And Dividend Income Operating</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseAbstract" xlink:type="locator" xlink:label="us-gaap_InterestExpenseAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">INTEREST EXPENSE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseAbstract" xlink:to="us-gaap_InterestExpenseAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseSavingsDeposits" xlink:type="locator" xlink:label="us-gaap_InterestExpenseSavingsDeposits" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseSavingsDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on savings and interest-bearing deposit accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseSavingsDeposits" xlink:to="us-gaap_InterestExpenseSavingsDeposits_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseSavingsDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Savings Deposits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseTimeDeposits" xlink:type="locator" xlink:label="us-gaap_InterestExpenseTimeDeposits" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseTimeDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on certificates of deposit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseTimeDeposits" xlink:to="us-gaap_InterestExpenseTimeDeposits_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseTimeDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Time Deposits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm" xlink:type="locator" xlink:label="us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on borrowed funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm" xlink:to="us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinanceLeaseInterestExpense" xlink:type="locator" xlink:label="us-gaap_FinanceLeaseInterestExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseInterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on finance lease liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseInterestExpense" xlink:to="us-gaap_FinanceLeaseInterestExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinanceLeaseInterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finance Lease Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseSubordinatedNotesAndDebentures" xlink:type="locator" xlink:label="us-gaap_InterestExpenseSubordinatedNotesAndDebentures" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseSubordinatedNotesAndDebentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on subordinated debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseSubordinatedNotesAndDebentures" xlink:to="us-gaap_InterestExpenseSubordinatedNotesAndDebentures_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseSubordinatedNotesAndDebentures_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Subordinated Notes And Debentures</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestExpenseExcludingBrokeredDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Subtotal - interest expense</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestExpenseExcludingBrokeredDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Excluding Brokered Deposits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseDomesticDepositLiabilitiesBrokered" xlink:type="locator" xlink:label="us-gaap_InterestExpenseDomesticDepositLiabilitiesBrokered" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseDomesticDepositLiabilitiesBrokered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on interest-bearing demand - brokered</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseDomesticDepositLiabilitiesBrokered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Domestic Deposit Liabilities Brokered</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on certificates of deposits - brokered</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestExpenseDomesticCertificatesOfDepositLiabilitiesBrokered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Domestic Certificates Of Deposit Liabilities Brokered</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense" xlink:type="locator" xlink:label="us-gaap_InterestExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:type="locator" xlink:label="us-gaap_InterestIncomeExpenseNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">NET INTEREST INCOME BEFORE PROVISION FOR LOAN AND LEASE LOSSES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeExpenseNet" xlink:to="us-gaap_InterestIncomeExpenseNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income Expense Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:type="locator" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provision for loan and lease losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForLoanAndLeaseLosses" xlink:to="us-gaap_ProvisionForLoanAndLeaseLosses_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Provision For Loan And Lease Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss" xlink:type="locator" xlink:label="us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income Expense After Provision For Loan Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncomeAbstract" xlink:type="locator" xlink:label="us-gaap_OtherIncomeAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncomeAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">OTHER INCOME</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncomeAbstract" xlink:to="us-gaap_OtherIncomeAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncomeAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Income [Abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" xlink:type="locator" xlink:label="us-gaap_InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NoninterestIncome" xlink:type="locator" xlink:label="us-gaap_NoninterestIncome" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_OccupancyNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Premises and equipment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParentAbstract" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParentAbstract" />
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    <link:label xml:lang="en-US" xlink:label="pgc_ExerciseOfWarrantsUsedToExerciseNetShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise of warrants, net of shares used to exercise, shares</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ExerciseOfWarrantsUsedToExerciseNetShares_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Exercise Of Warrants Used To Exercise Net Shares</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issuance of shares for Employee Stock Purchase Plan, shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period Shares Employee Stock Purchase Plans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issuance of common stock for acquisition, shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:to="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period Shares Acquisitions</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Shares outstanding</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_GainsLossesOneLoansOriginatedForResale" xlink:type="locator" xlink:label="pgc_GainsLossesOneLoansOriginatedForResale" />
    <link:label xml:lang="en-US" xlink:label="pgc_GainsLossesOneLoansOriginatedForResale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Gain on loans held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_GainsLossesOneLoansOriginatedForResale" xlink:to="pgc_GainsLossesOneLoansOriginatedForResale_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_GainLossOnLoansHeldForSaleAtLowerOfCostOrFairValue" xlink:type="locator" xlink:label="pgc_GainLossOnLoansHeldForSaleAtLowerOfCostOrFairValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_GainLossOnLoansHeldForSaleAtLowerOfCostOrFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Period gain (loss) on loans held for sale at lower of cost or fair value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_GainLossOnLoansHeldForSaleAtLowerOfCostOrFairValue" xlink:to="pgc_GainLossOnLoansHeldForSaleAtLowerOfCostOrFairValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock" xlink:type="locator" xlink:label="pgc_ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock" />
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of cash inflow from sale of Federal Home Loan Bank (FHLB) stock and Federal Reserve Bank (FRB) stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock" xlink:to="pgc_ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PaymentsToAcquireEquitySecurities" xlink:type="locator" xlink:label="pgc_PaymentsToAcquireEquitySecurities" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsToAcquireEquitySecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments to acquire equity securities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PaymentsToAcquireEquitySecurities" xlink:to="pgc_PaymentsToAcquireEquitySecurities_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock" xlink:type="locator" xlink:label="pgc_PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of cash outflow to acquire Federal Home Loan Bank (FHLB) stock and Federal Reserve Bank (FRB) stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock" xlink:to="pgc_PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue" xlink:type="locator" xlink:label="pgc_PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments for proceeds from sales of loans held for sale at lower of cost or fair value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue" xlink:to="pgc_PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ProceedsFromPaycheckProtectionProgramLiquidityFacility" xlink:type="locator" xlink:label="pgc_ProceedsFromPaycheckProtectionProgramLiquidityFacility" />
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromPaycheckProtectionProgramLiquidityFacility_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from paycheck protection program liquidity facility.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ProceedsFromPaycheckProtectionProgramLiquidityFacility" xlink:to="pgc_ProceedsFromPaycheckProtectionProgramLiquidityFacility_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_RepaymentsOfPaycheckProtectionProgramLiquidityFacility" xlink:type="locator" xlink:label="pgc_RepaymentsOfPaycheckProtectionProgramLiquidityFacility" />
    <link:label xml:lang="en-US" xlink:label="pgc_RepaymentsOfPaycheckProtectionProgramLiquidityFacility_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Repayments of paycheck protection program liquidity facility.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_RepaymentsOfPaycheckProtectionProgramLiquidityFacility" xlink:to="pgc_RepaymentsOfPaycheckProtectionProgramLiquidityFacility_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_CashPaidDuringYearForAbstract" xlink:type="locator" xlink:label="pgc_CashPaidDuringYearForAbstract" />
    <link:label xml:lang="en-US" xlink:label="pgc_CashPaidDuringYearForAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash paid during the year for:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_CashPaidDuringYearForAbstract" xlink:to="pgc_CashPaidDuringYearForAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Of Cash Flows [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">OPERATING ACTIVITIES:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProfitLoss" xlink:type="locator" xlink:label="us-gaap_ProfitLoss" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Profit Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustments to reconcile net income to net cash provided by operating activities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Depreciation" xlink:type="locator" xlink:label="us-gaap_Depreciation" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Depreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Depreciation" xlink:to="us-gaap_Depreciation_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Depreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:type="locator" xlink:label="us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Amortization of premium and accretion of discount on securities, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:to="us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accretion Amortization Of Discounts And Premiums Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockExpense" xlink:type="locator" xlink:label="us-gaap_RestrictedStockExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of restricted stock</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedStockExpense" xlink:to="us-gaap_RestrictedStockExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:type="locator" xlink:label="us-gaap_AmortizationOfIntangibleAssets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfIntangibleAssets" xlink:to="us-gaap_AmortizationOfIntangibleAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amortization Of Intangible Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:type="locator" xlink:label="us-gaap_AmortizationOfFinancingCosts" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of subordinated debt costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amortization Of Financing Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:type="locator" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax (benefit)/expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Income Tax Expense Benefit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense" xlink:type="locator" xlink:label="us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock-based compensation and employee stock purchase plan expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense" xlink:to="us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Stock Ownership Plan E S O P Compensation Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss" xlink:type="locator" xlink:label="us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Fair value adjustment for equity security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss" xlink:to="us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities Fv Ni Unrealized Gain Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:type="locator" xlink:label="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Loans originated for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:to="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Origination Of Mortgage Loans Held For Sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from sales of loans held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:to="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Loans Held For Sale</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherNoncashIncome" xlink:type="locator" xlink:label="us-gaap_OtherNoncashIncome" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue" xlink:type="locator" xlink:label="us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Increase in cash surrender value of life insurance, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue" xlink:to="us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Life Insurance Corporate Or Bank Owned Change In Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Increase in accrued interest receivable</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Accrued Interest Receivable Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Decrease in other assets</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Other Operating Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase/(decrease) in accrued expenses and other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Accrued Liabilities And Other Operating Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">NET CASH PROVIDED BY OPERATING ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">INVESTING ACTIVITIES:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xlink:type="locator" xlink:label="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Principal repayments, maturities and calls of securities available for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities" xlink:to="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemptions of FHLB and FRB stock</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromSaleOfFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Federal Home Loan Bank Stock And Federal Reserve Bank Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of securities available for sale</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Available For Sale Securities Debt</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsToAcquireEquitySecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of equity securities</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsToAcquireEquitySecurities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Equity Securities</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of FHLB and FRB stock</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsToAcquireFederalHomeLoanBankStockAndFederalReserveBankStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Federal Home Loan Bank Stock And Federal Reserve Bank Stock</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Proceeds from sales of loans held for sale at lower of cost or fair value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaymentsForProceedsFromSalesOfLoansHeldForSaleAtLowerOfCostOrFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Proceeds From Sales Of Loans Held For Sale At Lower Of Cost Or Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForProceedsFromLoansAndLeases" xlink:type="locator" xlink:label="us-gaap_PaymentsForProceedsFromLoansAndLeases" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForProceedsFromLoansAndLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net increase in loans, net of participations sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromLoansAndLeases" xlink:to="us-gaap_PaymentsForProceedsFromLoansAndLeases_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForProceedsFromLoansAndLeases_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Proceeds From Loans And Leases</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfOtherRealEstate" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from sales of other real estate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfOtherRealEstate" xlink:to="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfOtherRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Other Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of premises and equipment</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Property Plant And Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromLifeInsurancePolicies" xlink:type="locator" xlink:label="us-gaap_ProceedsFromLifeInsurancePolicies" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLifeInsurancePolicies_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from life insurance death benefit</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">NET CASH USED IN INVESTING ACTIVITIES</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">FINANCING ACTIVITIES:</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Financing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDeposits" xlink:type="locator" xlink:label="us-gaap_IncreaseDecreaseInDeposits" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromRepaymentsOfShortTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net decrease in short-term borrowings</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromRepaymentsOfShortTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Repayments Of Short Term Debt</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromPaycheckProtectionProgramLiquidityFacility_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from Paycheck Protection Program Liquidity Facility</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" />
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_ScheduleOfResidentialLoansHeldForSaleTableTextBlock" xlink:type="locator" xlink:label="pgc_ScheduleOfResidentialLoansHeldForSaleTableTextBlock" />
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    <link:label xml:lang="en-US" xlink:label="pgc_ScheduleOfResidentialLoansHeldForSaleTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Residential Loans Held For Sale Table [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" />
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_SummaryOfSupplementalCashFlowInformationRelatedToDirectFinanceAndOperatingLeasesTableTextBlock" xlink:type="locator" xlink:label="pgc_SummaryOfSupplementalCashFlowInformationRelatedToDirectFinanceAndOperatingLeasesTableTextBlock" />
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_SummaryOfSignificantAccountingPoliciesLineItems" xlink:type="locator" xlink:label="pgc_SummaryOfSignificantAccountingPoliciesLineItems" />
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_SummaryOfSignificantAccountingPoliciesTable" xlink:type="locator" xlink:label="pgc_SummaryOfSignificantAccountingPoliciesTable" />
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis" xlink:type="locator" xlink:label="dei_LegalEntityAxis" />
    <link:label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Legal Entity</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain" xlink:type="locator" xlink:label="dei_EntityDomain" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</link:label>
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    <link:label xml:lang="en-US" xlink:label="pgc_PeapackGladstoneMortgageGroupIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Peapack-Gladstone Mortgage Group, Inc.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_PGBTrustAndInvestmentsOfDelawareMember" xlink:type="locator" xlink:label="pgc_PGBTrustAndInvestmentsOfDelawareMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_PGBTrustAndInvestmentsOfDelawareMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">PGB Trust and Investments of Delaware.</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_PeapackVenturesLLCMember" xlink:type="locator" xlink:label="pgc_PeapackVenturesLLCMember" />
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    <link:label xml:lang="en-US" xlink:label="pgc_PeapackVenturesLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Peapack Ventures, LLC [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PeapackVenturesLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Peapack Ventures L L C [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_OwnershipAxis" xlink:type="locator" xlink:label="srt_OwnershipAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_OwnershipAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ownership</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_OwnershipDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ownership</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_PeapackGladstoneRealtyIncMember" xlink:type="locator" xlink:label="pgc_PeapackGladstoneRealtyIncMember" />
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    <link:label xml:lang="en-US" xlink:label="pgc_PeapackGladstoneRealtyIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Peapack-Gladstone Realty, Inc [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PeapackGladstoneRealtyIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Peapack Gladstone Realty Inc [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis" xlink:type="locator" xlink:label="srt_RangeAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Axis]</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:type="locator" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ReceivableTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivable</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ReceivableTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Receivable Type [Domain]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_SmallBusinessAdministrationLoansMember" xlink:type="locator" xlink:label="pgc_SmallBusinessAdministrationLoansMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_SmallBusinessAdministrationLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Small business administration loans.</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable Portfolio Segment</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable Portfolio Segment</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsumerPortfolioSegmentMember" xlink:to="us-gaap_ConsumerPortfolioSegmentMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConsumerPortfolioSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Consumer Portfolio Segment [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Financing Receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment By Class Of Financing Receivable [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Financing Receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment Class Of Financing Receivable [Domain]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ClosedEndLoansMember" xlink:type="locator" xlink:label="pgc_ClosedEndLoansMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_ClosedEndLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Closed-end loans.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ClosedEndLoansMember" xlink:to="pgc_ClosedEndLoansMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_ClosedEndLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Closed-end Loans [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ClosedEndLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Closed End Loans [Member]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OpenEndLoansMember" xlink:type="locator" xlink:label="pgc_OpenEndLoansMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_OpenEndLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Open-end loans.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OpenEndLoansMember" xlink:to="pgc_OpenEndLoansMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_OpenEndLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Open-end Loans [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OpenEndLoansMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Open End Loans [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:type="locator" xlink:label="us-gaap_InternalCreditAssessmentAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InternalCreditAssessmentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Internal Credit Assessment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalCreditAssessmentAxis" xlink:to="us-gaap_InternalCreditAssessmentAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InternalCreditAssessmentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Internal Credit Assessment [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InternalCreditAssessmentDomain" xlink:type="locator" xlink:label="us-gaap_InternalCreditAssessmentDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InternalCreditAssessmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Internal Credit Assessment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InternalCreditAssessmentDomain" xlink:to="us-gaap_InternalCreditAssessmentDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InternalCreditAssessmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Internal Credit Assessment [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SubstandardMember" xlink:type="locator" xlink:label="us-gaap_SubstandardMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SubstandardMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Substandard [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubstandardMember" xlink:to="us-gaap_SubstandardMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SubstandardMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Substandard [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SpecialMentionMember" xlink:type="locator" xlink:label="us-gaap_SpecialMentionMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SpecialMentionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Special Mention [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SpecialMentionMember" xlink:to="us-gaap_SpecialMentionMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SpecialMentionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Special Mention [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis" xlink:type="locator" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans Insured or Guaranteed by Government Authorities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis" xlink:to="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Insured Or Guaranteed By Government Authorities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain" xlink:type="locator" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans Insured or Guaranteed by Government Authorities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain" xlink:to="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Insured Or Guaranteed By Government Authorities [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember" xlink:type="locator" xlink:label="us-gaap_LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Small Business Administration (SBA) Loans [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember" xlink:to="us-gaap_LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansInsuredOrGuaranteedByUsGovernmentAuthoritiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Insured Or Guaranteed By Us Government Authorities [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanRestructuringModificationAxis" xlink:type="locator" xlink:label="us-gaap_LoanRestructuringModificationAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Restructuring Modification</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoanRestructuringModificationAxis" xlink:to="us-gaap_LoanRestructuringModificationAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Restructuring Modification [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanRestructuringModificationDomain" xlink:type="locator" xlink:label="us-gaap_LoanRestructuringModificationDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Restructuring Modification</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoanRestructuringModificationDomain" xlink:to="us-gaap_LoanRestructuringModificationDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringModificationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Restructuring Modification [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentDeferralMember" xlink:type="locator" xlink:label="us-gaap_PaymentDeferralMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentDeferralMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferral [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentDeferralMember" xlink:to="us-gaap_PaymentDeferralMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentDeferralMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payment Deferral [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AwardTypeAxis" xlink:type="locator" xlink:label="us-gaap_AwardTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AwardTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_AwardTypeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AwardTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Award Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award Type</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Award Type And Plan Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:type="locator" xlink:label="us-gaap_EmployeeStockOptionMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeStockOptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Employee Stock Option [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeStockOptionMember" xlink:to="us-gaap_EmployeeStockOptionMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeStockOptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Stock Option [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockMember" xlink:type="locator" xlink:label="us-gaap_RestrictedStockMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted stock [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedStockMember" xlink:to="us-gaap_RestrictedStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VestingAxis" xlink:type="locator" xlink:label="us-gaap_VestingAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingAxis" xlink:to="us-gaap_VestingAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Axis]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingDomain" xlink:to="us-gaap_VestingDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Domain]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche One [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:to="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Two [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_PerformanceSharesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Performance Shares [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_PerformanceSharesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Performance Shares [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:type="locator" xlink:label="us-gaap_RestrictedStockUnitsRSUMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted Stock Units [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedStockUnitsRSUMember" xlink:to="us-gaap_RestrictedStockUnitsRSUMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock Units R S U [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EmployeeStockMember" xlink:type="locator" xlink:label="us-gaap_EmployeeStockMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Employee Stock [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeStockMember" xlink:to="us-gaap_EmployeeStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EmployeeStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Employee Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary Of Significant Accounting Policies [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Significant Accounting Policies [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:type="locator" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of interest owned</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minority Interest Ownership Percentage By Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="locator" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of interest owned</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minority Interest Ownership Percentage By Noncontrolling Owners</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NumberOfOperatingSegments" xlink:type="locator" xlink:label="us-gaap_NumberOfOperatingSegments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of operating segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfOperatingSegments" xlink:to="us-gaap_NumberOfOperatingSegments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Operating Segments</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FederalFundsSalesPeriods" xlink:type="locator" xlink:label="pgc_FederalFundsSalesPeriods" />
    <link:label xml:lang="en-US" xlink:label="pgc_FederalFundsSalesPeriods_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Federal funds sales periods.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FederalFundsSalesPeriods" xlink:to="pgc_FederalFundsSalesPeriods_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_CashEquivalentsOriginalMaturitiesPeriod" xlink:type="locator" xlink:label="pgc_CashEquivalentsOriginalMaturitiesPeriod" />
    <link:label xml:lang="en-US" xlink:label="pgc_CashEquivalentsOriginalMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash equivalents original maturities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_CashEquivalentsOriginalMaturitiesPeriod" xlink:to="pgc_CashEquivalentsOriginalMaturitiesPeriod_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ShortTermBorrowingsOriginalMaturitiesPeriod" xlink:type="locator" xlink:label="pgc_ShortTermBorrowingsOriginalMaturitiesPeriod" />
    <link:label xml:lang="en-US" xlink:label="pgc_ShortTermBorrowingsOriginalMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Short term borrowings original maturities period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ShortTermBorrowingsOriginalMaturitiesPeriod" xlink:to="pgc_ShortTermBorrowingsOriginalMaturitiesPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_FederalFundsSalesPeriods_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal funds sales periods</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FederalFundsSalesPeriods_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Federal Funds Sales Periods</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_CashEquivalentsOriginalMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash equivalents original maturities period</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_CashEquivalentsOriginalMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cash Equivalents Original Maturities Period</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ShortTermBorrowingsOriginalMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short term borrowings original maturities period</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ShortTermBorrowingsOriginalMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Short Term Borrowings Original Maturities Period</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_InterestEarningDepositsMaturitiesPeriod" xlink:type="locator" xlink:label="pgc_InterestEarningDepositsMaturitiesPeriod" />
    <link:label xml:lang="en-US" xlink:label="pgc_InterestEarningDepositsMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest-earning deposits maturities period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_InterestEarningDepositsMaturitiesPeriod" xlink:to="pgc_InterestEarningDepositsMaturitiesPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_InterestEarningDepositsMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest-earning deposits maturities period</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestEarningDepositsMaturitiesPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Earning Deposits Maturities Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Servicing rights</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR" xlink:to="us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Mortgage Servicing Rights M S R</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization" xlink:type="locator" xlink:label="us-gaap_PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount of loans serviced</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization" xlink:to="us-gaap_PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Principal Amount Outstanding On Loans Held For Sale Or Securitization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableHeldForSaleAmount" xlink:type="locator" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableHeldForSaleAmount" xlink:to="us-gaap_LoansReceivableHeldForSaleAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Receivable Held For Sale Amount</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ThresholdPeriodForLoanPastDue" xlink:type="locator" xlink:label="pgc_ThresholdPeriodForLoanPastDue" />
    <link:label xml:lang="en-US" xlink:label="pgc_ThresholdPeriodForLoanPastDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Threshold period for loan to be considered past due.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ThresholdPeriodForLoanPastDue" xlink:to="pgc_ThresholdPeriodForLoanPastDue_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_ThresholdPeriodForLoanPastDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Threshold period for loan</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ThresholdPeriodForLoanPastDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Threshold Period For Loan Past Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableThresholdPeriodPastDueWriteoff" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableThresholdPeriodPastDueWriteoff" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableThresholdPeriodPastDueWriteoff_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Threshold for determining nonaccrual status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableThresholdPeriodPastDueWriteoff" xlink:to="us-gaap_FinancingReceivableThresholdPeriodPastDueWriteoff_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableThresholdPeriodPastDueWriteoff_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Threshold Period Past Due Writeoff</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FinancingReceivablesReserveMultiple" xlink:type="locator" xlink:label="pgc_FinancingReceivablesReserveMultiple" />
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivablesReserveMultiple_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Financing Receivables, Reserve Multiple.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FinancingReceivablesReserveMultiple" xlink:to="pgc_FinancingReceivablesReserveMultiple_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivablesReserveMultiple_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan reserve multiple</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivablesReserveMultiple_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivables Reserve Multiple</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PaycheckProtectionProgramMaximumCreditFacility" xlink:type="locator" xlink:label="pgc_PaycheckProtectionProgramMaximumCreditFacility" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramMaximumCreditFacility_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Paycheck protection program maximum credit facility.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PaycheckProtectionProgramMaximumCreditFacility" xlink:to="pgc_PaycheckProtectionProgramMaximumCreditFacility_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PaycheckProtectionProgramLoans" xlink:type="locator" xlink:label="pgc_PaycheckProtectionProgramLoans" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Paycheck protection program loans.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PaycheckProtectionProgramLoans" xlink:to="pgc_PaycheckProtectionProgramLoans_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoanRestructuringTrialModificationsAmount" xlink:type="locator" xlink:label="us-gaap_LoanRestructuringTrialModificationsAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringTrialModificationsAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan modifications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoanRestructuringTrialModificationsAmount" xlink:to="us-gaap_LoanRestructuringTrialModificationsAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoanRestructuringTrialModificationsAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Restructuring Trial Modifications Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableModificationsPostModificationRecordedInvestment2" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableModificationsPostModificationRecordedInvestment2" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsPostModificationRecordedInvestment2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Post-modification outstanding recorded investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableModificationsPostModificationRecordedInvestment2" xlink:to="us-gaap_FinancingReceivableModificationsPostModificationRecordedInvestment2_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsPostModificationRecordedInvestment2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Modifications Post Modification Recorded Investment2</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramMaximumCreditFacility_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paycheck Protection Program, maximum credit facility</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramMaximumCreditFacility_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Paycheck Protection Program Maximum Credit Facility</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansReceivable" xlink:type="locator" xlink:label="us-gaap_ProceedsFromSaleOfLoansReceivable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfLoansReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of loans servicing released to third party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfLoansReceivable" xlink:to="us-gaap_ProceedsFromSaleOfLoansReceivable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromSaleOfLoansReceivable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Loans Receivable</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Paycheck protection program loans remaining balance</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLoans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Paycheck Protection Program Loans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:type="locator" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:to="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock option vesting term</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Issuance of shares for Employee Stock Purchase Plan, shares</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_SbaPoolSecuritiesMember" xlink:type="locator" xlink:label="pgc_SbaPoolSecuritiesMember" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommercialPortfolioSegmentMember" xlink:type="locator" xlink:label="us-gaap_CommercialPortfolioSegmentMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommercialPortfolioSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Portfolio Segment [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialPortfolioSegmentMember" xlink:to="us-gaap_CommercialPortfolioSegmentMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommercialPortfolioSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Portfolio Segment [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConsumerPortfolioSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Consumer and Other Loans [Member]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnallocatedFinancingReceivablesMember" xlink:to="us-gaap_UnallocatedFinancingReceivablesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnallocatedFinancingReceivablesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Unallocated Financing Receivables [Member]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:to="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk By Benchmark [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Benchmark</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:to="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsReceivableMember" xlink:type="locator" xlink:label="us-gaap_AccountsReceivableMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableMember" xlink:to="us-gaap_AccountsReceivableMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccountsReceivableMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Receivable [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskByTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByTypeAxis" xlink:to="us-gaap_ConcentrationRiskByTypeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk By Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskTypeDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskTypeDomain" xlink:to="us-gaap_ConcentrationRiskTypeDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CreditConcentrationRiskMember" xlink:type="locator" xlink:label="us-gaap_CreditConcentrationRiskMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CreditConcentrationRiskMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Concentration Risk [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditConcentrationRiskMember" xlink:to="us-gaap_CreditConcentrationRiskMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CreditConcentrationRiskMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Credit Concentration Risk [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total loans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:type="locator" xlink:label="us-gaap_ConcentrationRiskPercentage1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total loans (in percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskPercentage1" xlink:to="us-gaap_ConcentrationRiskPercentage1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Percentage1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFinancingReceivablesPastDueTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Financing Receivables Past Due [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFinancingReceivablesPastDueTable" xlink:to="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Financing Receivables Past Due [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable Recorded Investment Past Due [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment Past Due [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesByIndustryAxis" xlink:type="locator" xlink:label="us-gaap_EquitySecuritiesByIndustryAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesByIndustryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Industry Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesByIndustryAxis" xlink:to="us-gaap_EquitySecuritiesByIndustryAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesByIndustryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities By Industry [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesIndustryMember" xlink:type="locator" xlink:label="us-gaap_EquitySecuritiesIndustryMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesIndustryMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Industry Sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesIndustryMember" xlink:to="us-gaap_EquitySecuritiesIndustryMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EquitySecuritiesIndustryMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities Industry [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommercialAndIndustrialSectorMember" xlink:type="locator" xlink:label="us-gaap_CommercialAndIndustrialSectorMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommercialAndIndustrialSectorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial and Industrial Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialAndIndustrialSectorMember" xlink:to="us-gaap_CommercialAndIndustrialSectorMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommercialAndIndustrialSectorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Commercial And Industrial Sector [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LeaseAgreementsMember" xlink:type="locator" xlink:label="us-gaap_LeaseAgreementsMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LeaseAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease Financing [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LeaseAgreementsMember" xlink:to="us-gaap_LeaseAgreementsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LeaseAgreementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lease Agreements [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AgriculturalSectorMember" xlink:type="locator" xlink:label="us-gaap_AgriculturalSectorMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AgriculturalSectorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Agricultural Sector [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AgriculturalSectorMember" xlink:to="us-gaap_AgriculturalSectorMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AgriculturalSectorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Agricultural Sector [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LienCategoryAxis" xlink:type="locator" xlink:label="us-gaap_LienCategoryAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LienCategoryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lien Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LienCategoryAxis" xlink:to="us-gaap_LienCategoryAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LienCategoryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lien Category [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LienCategoryDomain" xlink:type="locator" xlink:label="us-gaap_LienCategoryDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LienCategoryDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lien Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LienCategoryDomain" xlink:to="us-gaap_LienCategoryDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LienCategoryDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lien Category [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_JuniorLienMember" xlink:type="locator" xlink:label="us-gaap_JuniorLienMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_JuniorLienMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Junior Lien [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_JuniorLienMember" xlink:to="us-gaap_JuniorLienMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_JuniorLienMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Junior Lien [Member]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PrimaryResidentialMortgagesMember" xlink:type="locator" xlink:label="pgc_PrimaryResidentialMortgagesMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_PrimaryResidentialMortgagesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Primary residential mortgages.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PrimaryResidentialMortgagesMember" xlink:to="pgc_PrimaryResidentialMortgagesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_PrimaryResidentialMortgagesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Primary Residential Mortgages [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PrimaryResidentialMortgagesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Primary Residential Mortgages [Member]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OwnerOccupiedPropertyMember" xlink:type="locator" xlink:label="pgc_OwnerOccupiedPropertyMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_OwnerOccupiedPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Owner occupied property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OwnerOccupiedPropertyMember" xlink:to="pgc_OwnerOccupiedPropertyMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_OwnerOccupiedPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Owner Occupied Property [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OwnerOccupiedPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Owner Occupied Property [Member]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_InvestmentPropertyMember" xlink:type="locator" xlink:label="pgc_InvestmentPropertyMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_InvestmentPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_InvestmentPropertyMember" xlink:to="pgc_InvestmentPropertyMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_InvestmentPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Property [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InvestmentPropertyMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Property [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CustomerConcentrationRiskMember" xlink:type="locator" xlink:label="us-gaap_CustomerConcentrationRiskMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Customer Concentration Risk [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerConcentrationRiskMember" xlink:to="us-gaap_CustomerConcentrationRiskMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Customer Concentration Risk [Member]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoansAndFinanceReceivablesGrossMember" xlink:type="locator" xlink:label="pgc_LoansAndFinanceReceivablesGrossMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoansAndFinanceReceivablesGrossMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans and finance receivables gross.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoansAndFinanceReceivablesGrossMember" xlink:to="pgc_LoansAndFinanceReceivablesGrossMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoansAndFinanceReceivablesGrossMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans and Finance Receivables, Gross [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoansAndFinanceReceivablesGrossMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Finance Receivables Gross [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:type="locator" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:to="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Gross Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:type="locator" xlink:label="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net deferred costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:to="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total loans including net deferred costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Loans Individually Evaluated for Impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment" xlink:to="us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableIndividuallyEvaluatedForImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Individually Evaluated For Impairment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ending ALLL Attributable to Loans Individually Evaluated for Impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1" xlink:to="us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Loans Collectively Evaluated for Impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment" xlink:to="us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableCollectivelyEvaluatedForImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Collectively Evaluated For Impairment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ending ALLL Attributable to Loans Collectively Evaluated for Impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment" xlink:to="us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Loans</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Ending ALLL</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring" xlink:type="locator" xlink:label="pgc_ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring" />
    <link:label xml:lang="en-US" xlink:label="pgc_ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Impaired non accrual troubled debt restructured loans in financing receivables that are on nonaccrual status as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring" xlink:to="pgc_ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_AllowanceOnTroubledDebtRestructuring" xlink:type="locator" xlink:label="pgc_AllowanceOnTroubledDebtRestructuring" />
    <link:label xml:lang="en-US" xlink:label="pgc_AllowanceOnTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Allowance on troubled debt restructured loans in financing receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_AllowanceOnTroubledDebtRestructuring" xlink:to="pgc_AllowanceOnTroubledDebtRestructuring_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_AllowanceOnNonAccrualLoansTroubledDebtRestructuring" xlink:type="locator" xlink:label="pgc_AllowanceOnNonAccrualLoansTroubledDebtRestructuring" />
    <link:label xml:lang="en-US" xlink:label="pgc_AllowanceOnNonAccrualLoansTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Allowance on non accrual troubled debt restructured loans in financing receivables that are on nonaccrual status as of the balance sheet date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_AllowanceOnNonAccrualLoansTroubledDebtRestructuring" xlink:to="pgc_AllowanceOnNonAccrualLoansTroubledDebtRestructuring_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:type="locator" xlink:label="us-gaap_DerivativeInstrumentRiskAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentRiskAxis" xlink:to="us-gaap_DerivativeInstrumentRiskAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instrument Risk [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:type="locator" xlink:label="us-gaap_DerivativeContractTypeDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Contract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_DerivativeContractTypeDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Contract Type [Domain]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanLevelSwapsMember" xlink:type="locator" xlink:label="pgc_LoanLevelSwapsMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanLevelSwapsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan Level Swaps [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanLevelSwapsMember" xlink:to="pgc_LoanLevelSwapsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanLevelSwapsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Level Swaps [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanLevelSwapsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Level Swaps [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impaired non-accrual loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentNonaccrualStatus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment Nonaccrual Status</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impaired non-accrual loans performing troubled debt restructured</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ImpairedNonAccrualLoansPerformingTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Non Accrual Loans Performing Troubled Debt Restructuring</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_AllowanceOnTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance allocated to troubled debt restructured loans</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_AllowanceOnTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allowance On Troubled Debt Restructuring</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_AllowanceOnNonAccrualLoansTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance allocated to non accrual loans</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_AllowanceOnNonAccrualLoansTroubledDebtRestructuring_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allowance On Non Accrual Loans Troubled Debt Restructuring</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalanceAbstract" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalanceAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalanceAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unpaid Principal Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalanceAbstract" xlink:to="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalanceAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalanceAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable Unpaid Principal Balance [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">With no related allowance recorded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance" xlink:to="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">With related allowance recorded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance" xlink:to="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable With Related Allowance Unpaid Principal Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalance" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalance" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total loans individually evaluated for impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalance" xlink:to="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalance_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableUnpaidPrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable Unpaid Principal Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableRecordedInvestmentAbstract" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestmentAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recorded Investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableRecordedInvestmentAbstract" xlink:to="us-gaap_ImpairedFinancingReceivableRecordedInvestmentAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable Recorded Investment [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">With no related allowance recorded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment" xlink:to="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable With No Related Allowance Recorded Investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">With related allowance recorded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment" xlink:to="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable With Related Allowance Recorded Investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableRecordedInvestment" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total loans individually evaluated for impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableRecordedInvestment" xlink:to="us-gaap_ImpairedFinancingReceivableRecordedInvestment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable Recorded Investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableRelatedAllowance" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableRelatedAllowance" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableRelatedAllowance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Specific Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableRelatedAllowance" xlink:to="us-gaap_ImpairedFinancingReceivableRelatedAllowance_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableRelatedAllowance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable Related Allowance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average Impaired Loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract" xlink:to="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestmentAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable Average Recorded Investment [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">With no related allowance recorded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment" xlink:to="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable With No Related Allowance Average Recorded Investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">With related allowance recorded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment" xlink:to="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable With Related Allowance Average Recorded Investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment" xlink:type="locator" xlink:label="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total loans individually evaluated for impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment" xlink:to="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ImpairedFinancingReceivableAverageRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Impaired Financing Receivable Average Recorded Investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans Past Due 90 Days or Over And Still Accruing Interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing" xlink:to="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment90 Days Past Due And Still Accruing</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:type="locator" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">30 to 59 Days Past Due [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablesPeriodPastDueAxis" xlink:to="us-gaap_FinancingReceivablesPeriodPastDueAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivables Period Past Due [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:type="locator" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Asset, Period Past Due</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablesPeriodPastDueDomain" xlink:to="us-gaap_FinancingReceivablesPeriodPastDueDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivables Period Past Due [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivables30To59DaysPastDueMember" xlink:type="locator" xlink:label="us-gaap_FinancingReceivables30To59DaysPastDueMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivables30To59DaysPastDueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">30 to 59 Days Past Due [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivables30To59DaysPastDueMember" xlink:to="us-gaap_FinancingReceivables30To59DaysPastDueMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivables30To59DaysPastDueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivables30 To59 Days Past Due [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivables60To89DaysPastDueMember" xlink:type="locator" xlink:label="us-gaap_FinancingReceivables60To89DaysPastDueMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivables60To89DaysPastDueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">60 to 89 Days Past Due [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivables60To89DaysPastDueMember" xlink:to="us-gaap_FinancingReceivables60To89DaysPastDueMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivables60To89DaysPastDueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivables60 To89 Days Past Due [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:type="locator" xlink:label="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">90 Days or Greater [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember" xlink:to="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivables Equal To Greater Than90 Days Past Due [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Past Due</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableRecordedInvestmentPastDue" xlink:to="us-gaap_FinancingReceivableRecordedInvestmentPastDue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment Past Due</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOrNewLendingToExistingRelationshipsValue" xlink:type="locator" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOrNewLendingToExistingRelationshipsValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOrNewLendingToExistingRelationshipsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan receivable, validate risk ratings performed for large sample or new lending to existing relationships, value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOrNewLendingToExistingRelationshipsValue" xlink:to="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOrNewLendingToExistingRelationshipsValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanReceivableValidateRiskRatingsPerformedForCriticizedAndClassifiedRatedBorrowersWithRelationshipExposureValue" xlink:type="locator" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForCriticizedAndClassifiedRatedBorrowersWithRelationshipExposureValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForCriticizedAndClassifiedRatedBorrowersWithRelationshipExposureValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan receivable, validate risk ratings performed for criticized and classified rated borrowers with relationship exposure, value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanReceivableValidateRiskRatingsPerformedForCriticizedAndClassifiedRatedBorrowersWithRelationshipExposureValue" xlink:to="pgc_LoanReceivableValidateRiskRatingsPerformedForCriticizedAndClassifiedRatedBorrowersWithRelationshipExposureValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOfBorrowersWithRelationshipValue" xlink:type="locator" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOfBorrowersWithRelationshipValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOfBorrowersWithRelationshipValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan receivable, validate risk ratings performed for large sample of borrowers with relationship, value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOfBorrowersWithRelationshipValue" xlink:to="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOfBorrowersWithRelationshipValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanReceivableValidateRiskRatingsPerformedForSmallSampleOfBorrowersWithRelationshipValue" xlink:type="locator" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForSmallSampleOfBorrowersWithRelationshipValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForSmallSampleOfBorrowersWithRelationshipValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan receivable, validate risk ratings performed for Small sample of borrowers with relationship, value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanReceivableValidateRiskRatingsPerformedForSmallSampleOfBorrowersWithRelationshipValue" xlink:to="pgc_LoanReceivableValidateRiskRatingsPerformedForSmallSampleOfBorrowersWithRelationshipValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanReceivableValidateRiskRatingsPerformedForNewRegulationLoanCommitmentsValue" xlink:type="locator" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNewRegulationLoanCommitmentsValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNewRegulationLoanCommitmentsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan receivable, validate risk ratings performed for new regulation loan commitments, value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanReceivableValidateRiskRatingsPerformedForNewRegulationLoanCommitmentsValue" xlink:to="pgc_LoanReceivableValidateRiskRatingsPerformedForNewRegulationLoanCommitmentsValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanReceivableValidateRiskRatingsPerformedForLeveragedLoansValue" xlink:type="locator" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLeveragedLoansValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLeveragedLoansValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan receivable validate risk ratings performed for leveraged loans, value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanReceivableValidateRiskRatingsPerformedForLeveragedLoansValue" xlink:to="pgc_LoanReceivableValidateRiskRatingsPerformedForLeveragedLoansValue_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_LoanReceivableValidateRiskRatingsPerformedForNoBorrowerWithCommitmentsValue" xlink:type="locator" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNoBorrowerWithCommitmentsValue" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNoBorrowerWithCommitmentsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan receivable validate risk ratings performed for no borrower with commitments, value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_LoanReceivableValidateRiskRatingsPerformedForNoBorrowerWithCommitmentsValue" xlink:to="pgc_LoanReceivableValidateRiskRatingsPerformedForNoBorrowerWithCommitmentsValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOrNewLendingToExistingRelationshipsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan receivable, validate risk ratings performed for large sample or new lending to existing relationships</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOrNewLendingToExistingRelationshipsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Receivable Validate Risk Ratings Performed For Large Sample Or New Lending To Existing Relationships Value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForCriticizedAndClassifiedRatedBorrowersWithRelationshipExposureValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan receivable, validate risk ratings performed for criticized and classified rated borrowers with relationship exposure, value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForCriticizedAndClassifiedRatedBorrowersWithRelationshipExposureValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Receivable Validate Risk Ratings Performed For Criticized And Classified Rated Borrowers With Relationship Exposure Value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOfBorrowersWithRelationshipValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan receivable, validate risk ratings performed for large sample of borrowers with relationship, value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLargeSampleOfBorrowersWithRelationshipValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Receivable Validate Risk Ratings Performed For Large Sample Of Borrowers With Relationship Value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForSmallSampleOfBorrowersWithRelationshipValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan receivable, validate risk ratings performed for small sample of borrowers with relationship, value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForSmallSampleOfBorrowersWithRelationshipValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Receivable Validate Risk Ratings Performed For Small Sample Of Borrowers With Relationship Value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNewRegulationLoanCommitmentsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan receivable, validate risk ratings performed for new regulation "O" loan commitments, value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNewRegulationLoanCommitmentsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Receivable Validate Risk Ratings Performed For New Regulation Loan Commitments Value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLeveragedLoansValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan receivable validate risk ratings performed for leveraged loans, value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForLeveragedLoansValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Receivable Validate Risk Ratings Performed For Leveraged Loans Value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNoBorrowerWithCommitmentsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan receivable validate risk ratings performed for no borrower with commitments, value</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LoanReceivableValidateRiskRatingsPerformedForNoBorrowerWithCommitmentsValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Receivable Validate Risk Ratings Performed For No Borrower With Commitments Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PassMember" xlink:type="locator" xlink:label="us-gaap_PassMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PassMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pass [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PassMember" xlink:to="us-gaap_PassMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PassMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pass [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DoubtfulMember" xlink:type="locator" xlink:label="us-gaap_DoubtfulMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DoubtfulMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Doubtful [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DoubtfulMember" xlink:to="us-gaap_DoubtfulMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DoubtfulMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Doubtful [Member]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FinancingReceivableSubstandardAndImpairedLoan" xlink:type="locator" xlink:label="pgc_FinancingReceivableSubstandardAndImpairedLoan" />
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableSubstandardAndImpairedLoan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Financing receivable substandard and impaired loan.</link:label>
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    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableSubstandardAndImpairedLoan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing receivable impaired loan</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableSubstandardAndImpairedLoan_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Substandard And Impaired Loan</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:type="locator" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance for loan losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesRollForward_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRollForward_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Loan And Lease Losses Roll Forward</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning ALLL</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xlink:type="locator" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charge-Offs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Loan And Lease Losses Write Offs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts" xlink:type="locator" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recoveries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Loan And Lease Loss Recovery Of Bad Debts</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Provision (Credit)</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending ALLL</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FinancingReceivableCumulativeNumberOfLoansModifications" xlink:type="locator" xlink:label="pgc_FinancingReceivableCumulativeNumberOfLoansModifications" />
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableCumulativeNumberOfLoansModifications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Financing receivable cumulative number of loans modifications.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FinancingReceivableCumulativeNumberOfLoansModifications" xlink:to="pgc_FinancingReceivableCumulativeNumberOfLoansModifications_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableCumulativeNumberOfLoansModifications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank modified loans and contracts</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableCumulativeNumberOfLoansModifications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Cumulative Number Of Loans Modifications</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableModificationsNumberOfContracts2" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableModificationsNumberOfContracts2" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsNumberOfContracts2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Bank modified loans and contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableModificationsNumberOfContracts2" xlink:to="us-gaap_FinancingReceivableModificationsNumberOfContracts2_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsNumberOfContracts2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Modifications Number Of Contracts2</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsNumberOfContracts2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Loans</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsPostModificationRecordedInvestment2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Post-Modification Outstanding Recorded Investment</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FinancingReceivableModificationsSpecificReservesRecordedInvestment" xlink:type="locator" xlink:label="pgc_FinancingReceivableModificationsSpecificReservesRecordedInvestment" />
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableModificationsSpecificReservesRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of investment in specific reserve accrual financing receivables (after modification) modified by troubled debt restructurings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FinancingReceivableModificationsSpecificReservesRecordedInvestment" xlink:to="pgc_FinancingReceivableModificationsSpecificReservesRecordedInvestment_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableModificationsSpecificReservesRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Troubled debt restructurings specific reserves</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FinancingReceivableModificationsSpecificReservesRecordedInvestment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Modifications Specific Reserves Recorded Investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableModificationsPreModificationRecordedInvestment2" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableModificationsPreModificationRecordedInvestment2" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsPreModificationRecordedInvestment2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre-Modification Outstanding Recorded Investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivableModificationsPreModificationRecordedInvestment2" xlink:to="us-gaap_FinancingReceivableModificationsPreModificationRecordedInvestment2_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsPreModificationRecordedInvestment2_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Modifications Pre Modification Recorded Investment2</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Subsequently Defaulted Loans</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Modifications Subsequent Default Number Of Contracts1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1" xlink:type="locator" xlink:label="us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequently Defaulted Recorded Investment</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Modifications Subsequent Default Recorded Investment1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit" xlink:type="locator" xlink:label="us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Time deposits over $250,000</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit" xlink:to="us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposits At Or Above F D I C Insurance Limit</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_DepositsDetailsAbstract" xlink:type="locator" xlink:label="pgc_DepositsDetailsAbstract" />
    <link:label xml:lang="en-US" xlink:label="pgc_DepositsDetailsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_DepositsDetailsAbstract" xlink:to="pgc_DepositsDetailsAbstract_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_DepositsPercentage" xlink:type="locator" xlink:label="pgc_DepositsPercentage" />
    <link:label xml:lang="en-US" xlink:label="pgc_DepositsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage of carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment in the future. As compared to the total of such funds.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_DepositsPercentage" xlink:to="pgc_DepositsPercentage_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PercentageOfNonBrokeredDepositsToDeposits" xlink:type="locator" xlink:label="pgc_PercentageOfNonBrokeredDepositsToDeposits" />
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfNonBrokeredDepositsToDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage Of Non-Brokered Deposits To Deposits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PercentageOfNonBrokeredDepositsToDeposits" xlink:to="pgc_PercentageOfNonBrokeredDepositsToDeposits_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand" xlink:type="locator" xlink:label="pgc_PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand" />
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage Of Noninterest Bearing Domestic Deposits To Deposits, Demand.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand" xlink:to="pgc_PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDepositListingService" xlink:type="locator" xlink:label="pgc_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDepositListingService" />
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDepositListingService_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of interest bearing domestic deposits to deposits certificates of deposit listing service.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDepositListingService" xlink:to="pgc_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDepositListingService_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_DepositsDetailsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits:</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_DepositsDetailsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deposits Details [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDomesticDepositChecking_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest-bearing checking</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_DepositsMoneyMarketDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Money market</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Certificates of deposit - retail</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestBearingDomesticDepositBrokered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest-bearing demand - Brokered</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_BrokeredCertificatesOfDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Certificates of deposit - Brokered</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PercentageOfInterestBearingDomesticDepositLiabilitiesToDepositLiabilitiesAbstract" xlink:type="locator" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositLiabilitiesToDepositLiabilitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositLiabilitiesToDepositLiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">%</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PercentageOfInterestBearingDomesticDepositLiabilitiesToDepositLiabilitiesAbstract" xlink:to="us-gaap_PercentageOfInterestBearingDomesticDepositLiabilitiesToDepositLiabilitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositLiabilitiesToDepositLiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposit Liabilities To Deposit Liabilities [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noninterest-bearing demand deposits</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfNoninterestBearingDomesticDepositsToDepositsDemand_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Noninterest Bearing Domestic Deposits To Deposits Demand</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsChecking" xlink:type="locator" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsChecking" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsChecking_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest-bearing checking</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsChecking_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposits To Deposits Checking</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsSavings" xlink:type="locator" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsSavings" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsSavings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Savings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsSavings" xlink:to="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsSavings_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsSavings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposits To Deposits Savings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket" xlink:type="locator" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Money market</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket" xlink:to="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsMoneyMarket_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposits To Deposits Money Market</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit" xlink:type="locator" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Certificates of deposit - retail</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit" xlink:to="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposits To Deposits Certificates Of Deposit</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDepositListingService_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Certificates of deposit - listing service</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfInterestBearingDomesticDepositsToDepositsCertificatesOfDepositListingService_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposits To Deposits Certificates Of Deposit Listing Service</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfNonBrokeredDepositsToDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Subtotal deposits</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PercentageOfNonBrokeredDepositsToDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Non Brokered Deposits To Deposits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsBrokered" xlink:type="locator" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsBrokered" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsBrokered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest-bearing demand - Brokered</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsBrokered" xlink:to="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsBrokered_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsBrokered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposits To Deposits Brokered</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits" xlink:type="locator" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Certificates of deposit - Brokered</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits" xlink:to="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PercentageOfInterestBearingDomesticDepositsToDepositsTimeDeposits_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Bearing Domestic Deposits To Deposits Time Deposits</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_DepositsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total deposits</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_DepositsPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deposits Percentage</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_InterestBearingForeignDepositReciprocalProgram" xlink:type="locator" xlink:label="pgc_InterestBearingForeignDepositReciprocalProgram" />
    <link:label xml:lang="en-US" xlink:label="pgc_InterestBearingForeignDepositReciprocalProgram_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest Bearing Deposit, Reciprocal Program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_InterestBearingForeignDepositReciprocalProgram" xlink:to="pgc_InterestBearingForeignDepositReciprocalProgram_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_InterestBearingForeignDepositReciprocalProgram_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reciprocal balances</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_InterestBearingForeignDepositReciprocalProgram_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Bearing Foreign Deposit Reciprocal Program</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MaturitiesOfTimeDepositsAbstract" xlink:type="locator" xlink:label="us-gaap_MaturitiesOfTimeDepositsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MaturitiesOfTimeDepositsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scheduled maturities of time deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaturitiesOfTimeDepositsAbstract" xlink:to="us-gaap_MaturitiesOfTimeDepositsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MaturitiesOfTimeDepositsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Maturities Of Time Deposits [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositMaturitiesYearOne" xlink:type="locator" xlink:label="us-gaap_TimeDepositMaturitiesYearOne" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2021</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearOne" xlink:to="us-gaap_TimeDepositMaturitiesYearOne_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearOne_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposit Maturities Year One</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositMaturitiesYearTwo" xlink:type="locator" xlink:label="us-gaap_TimeDepositMaturitiesYearTwo" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2022</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearTwo" xlink:to="us-gaap_TimeDepositMaturitiesYearTwo_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposit Maturities Year Two</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositMaturitiesYearThree" xlink:type="locator" xlink:label="us-gaap_TimeDepositMaturitiesYearThree" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2023</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearThree" xlink:to="us-gaap_TimeDepositMaturitiesYearThree_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposit Maturities Year Three</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositMaturitiesYearFour" xlink:type="locator" xlink:label="us-gaap_TimeDepositMaturitiesYearFour" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearFour" xlink:to="us-gaap_TimeDepositMaturitiesYearFour_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposit Maturities Year Four</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositMaturitiesYearFive" xlink:type="locator" xlink:label="us-gaap_TimeDepositMaturitiesYearFive" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesYearFive" xlink:to="us-gaap_TimeDepositMaturitiesYearFive_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposit Maturities Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositMaturitiesAfterYearFive" xlink:type="locator" xlink:label="us-gaap_TimeDepositMaturitiesAfterYearFive" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Over 5 Years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositMaturitiesAfterYearFive" xlink:to="us-gaap_TimeDepositMaturitiesAfterYearFive_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositMaturitiesAfterYearFive_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposit Maturities After Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TimeDepositsNoncurrent" xlink:type="locator" xlink:label="us-gaap_TimeDepositsNoncurrent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TimeDepositsNoncurrent" xlink:to="us-gaap_TimeDepositsNoncurrent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TimeDepositsNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposits Noncurrent</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmount" xlink:type="locator" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmount" />
    <link:label xml:lang="en-US" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of unused borrowing capacity under the short-term or overnight borrowings financing arrangement with correspondent banks.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmount" xlink:to="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmount_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmountFederalReserve" xlink:type="locator" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmountFederalReserve" />
    <link:label xml:lang="en-US" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmountFederalReserve_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of unused borrowing capacity under the short-term or overnight borrowings financing arrangement with Federal Reserve Bank.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmountFederalReserve" xlink:to="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmountFederalReserve_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Table]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:type="locator" xlink:label="us-gaap_ShortTermDebtTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShortTermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short-term Debt, Type</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShortTermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Short Term Debt Type [Axis]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShortTermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short-term Debt, Type</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShortTermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Short Term Debt Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalReserveBankAdvancesMember" xlink:type="locator" xlink:label="us-gaap_FederalReserveBankAdvancesMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalReserveBankAdvancesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal Reserve Bank of New York [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalReserveBankAdvancesMember" xlink:to="us-gaap_FederalReserveBankAdvancesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalReserveBankAdvancesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Federal Reserve Bank Advances [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:type="locator" xlink:label="us-gaap_InterestRateSwapMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateSwapMember" xlink:to="us-gaap_InterestRateSwapMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShortTermBorrowings_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Overnight borrowings with FHLB</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds" xlink:type="locator" xlink:label="us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unused commitments from FHLB</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds" xlink:to="us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unused short-term or overnight borrowings from correspondent banks</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Overnight Debt Unused Borrowing Unused Capacity Amount</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmountFederalReserve_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unused short-term or overnight borrowings from FRB</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OvernightDebtUnusedBorrowingUnusedCapacityAmountFederalReserve_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Overnight Debt Unused Borrowing Unused Capacity Amount Federal Reserve</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PaycheckProtectionProgramLiquidityFacilityTerm" xlink:type="locator" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityTerm" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Paycheck protection program liquidity facility term.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PaycheckProtectionProgramLiquidityFacilityTerm" xlink:to="pgc_PaycheckProtectionProgramLiquidityFacilityTerm_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PaycheckProtectionProgramLiquidityFacilityInterestRate" xlink:type="locator" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityInterestRate" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Paycheck protection program liquidity facility interest rate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PaycheckProtectionProgramLiquidityFacilityInterestRate" xlink:to="pgc_PaycheckProtectionProgramLiquidityFacilityInterestRate_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacility_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Borrowings from the federal reserve&#8217;s PPPLF</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paycheck protection program liquidity facility interest rate</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Paycheck Protection Program Liquidity Facility Interest Rate</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paycheck protection program liquidity facility term</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PaycheckProtectionProgramLiquidityFacilityTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Paycheck Protection Program Liquidity Facility Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeNotionalAmount" xlink:type="locator" xlink:label="us-gaap_DerivativeNotionalAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notional amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNotionalAmount" xlink:to="us-gaap_DerivativeNotionalAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Notional Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd" xlink:type="locator" xlink:label="us-gaap_FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">FHLB advance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd" xlink:to="us-gaap_FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalHomeLoanBankAdvancesActivityForYearMaximumOutstandingAtAnyMonthEnd_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Federal Home Loan Bank Advances Activity For Year Maximum Outstanding At Any Month End</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PrepaidFederalHomeLoanBankAdvances" xlink:type="locator" xlink:label="pgc_PrepaidFederalHomeLoanBankAdvances" />
    <link:label xml:lang="en-US" xlink:label="pgc_PrepaidFederalHomeLoanBankAdvances_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Prepaid federal home loan bank advances.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PrepaidFederalHomeLoanBankAdvances" xlink:to="pgc_PrepaidFederalHomeLoanBankAdvances_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FederalHomeLoanBankPrepaymentPenalty" xlink:type="locator" xlink:label="pgc_FederalHomeLoanBankPrepaymentPenalty" />
    <link:label xml:lang="en-US" xlink:label="pgc_FederalHomeLoanBankPrepaymentPenalty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Federal home loan bank prepayment penalty.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FederalHomeLoanBankPrepaymentPenalty" xlink:to="pgc_FederalHomeLoanBankPrepaymentPenalty_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_PrepaidFederalHomeLoanBankAdvances_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid FHLB advances</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PrepaidFederalHomeLoanBankAdvances_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prepaid Federal Home Loan Bank Advances</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FederalHomeLoanBankPrepaymentPenalty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">FHLB prepayment penalty</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FederalHomeLoanBankPrepaymentPenalty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Federal Home Loan Bank Prepayment Penalty</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:type="locator" xlink:label="us-gaap_StatementBusinessSegmentsAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Business Segments [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SegmentDomain" xlink:type="locator" xlink:label="us-gaap_SegmentDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SegmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SegmentDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment [Domain]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_BankingSegmentMember" xlink:type="locator" xlink:label="pgc_BankingSegmentMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_BankingSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Banking segment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_BankingSegmentMember" xlink:to="pgc_BankingSegmentMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_BankingSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Banking [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_BankingSegmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Banking Segment [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of Operating Segments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations" xlink:type="locator" xlink:label="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Federal income tax benefit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations" xlink:to="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Federal Income Tax Expense Benefit Continuing Operations</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_PeapackPrivateMember" xlink:type="locator" xlink:label="pgc_PeapackPrivateMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_PeapackPrivateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Peapack private.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PeapackPrivateMember" xlink:to="pgc_PeapackPrivateMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_PeapackPrivateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Peapack Private [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PeapackPrivateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Peapack Private [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net interest income</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_NoninterestIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noninterest income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Revenues" xlink:type="locator" xlink:label="us-gaap_Revenues" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Revenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Revenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenues</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProvisionForLoanAndLeaseLosses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Provision for loan and lease losses</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LaborAndRelatedExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Compensation and benefits</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_OccupancyNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Premises and equipment expense</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FederalDepositInsuranceCorporationPremiumExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">FDIC expense</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Other operating expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingExpenses" xlink:type="locator" xlink:label="us-gaap_OperatingExpenses" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total operating expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:type="locator" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income before income tax (benefit)/expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total assets at period end</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FairValueDiscountRate" xlink:type="locator" xlink:label="pgc_FairValueDiscountRate" />
    <link:label xml:lang="en-US" xlink:label="pgc_FairValueDiscountRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value inputs, discount rate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FairValueDiscountRate" xlink:to="pgc_FairValueDiscountRate_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_FairValueInputsAgeOfAppraisal" xlink:type="locator" xlink:label="pgc_FairValueInputsAgeOfAppraisal" />
    <link:label xml:lang="en-US" xlink:label="pgc_FairValueInputsAgeOfAppraisal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Inputs, Age Of Appraisal.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_FairValueInputsAgeOfAppraisal" xlink:to="pgc_FairValueInputsAgeOfAppraisal_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:type="locator" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByAssetClassAxis" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableMember" xlink:type="locator" xlink:label="us-gaap_LoansReceivableMember" />
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    <link:loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" />
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    <link:loc xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_PropertyAMember" xlink:type="locator" xlink:label="pgc_PropertyAMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_PropertyAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Property A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_PropertyAMember" xlink:to="pgc_PropertyAMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_PropertyAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property A [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_PropertyAMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property A [Member]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FairValueDiscountRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discount rate</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FairValueDiscountRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Discount Rate</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FairValueInputsAgeOfAppraisal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Age of appraisal</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_FairValueInputsAgeOfAppraisal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Age Of Appraisal</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Frequency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value By Measurement Frequency [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Frequency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="us-gaap_FairValueMeasurementFrequencyDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Frequency [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsRecurringMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recurring Basis [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsRecurringMember" xlink:to="us-gaap_FairValueMeasurementsRecurringMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements Recurring [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value By Fair Value Hierarchy Level [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements Fair Value Hierarchy [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel1Member" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Quoted Prices in Active Market For Identical Assets (Level 1) [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:type="locator" xlink:label="us-gaap_FairValueInputsLevel2Member" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Inputs Level3 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:type="locator" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NondesignatedMember" xlink:type="locator" xlink:label="us-gaap_NondesignatedMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NondesignatedMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Not Designated as Hedging Instrument [Member]</link:label>
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    <link:loc xlink:href="pgc-20210630.xsd#pgc_ResidentialLoansContractualAmount" xlink:type="locator" xlink:label="pgc_ResidentialLoansContractualAmount" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_AssetsFairValueAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value adjustment</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansHeldForSaleFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Total fair value of residential loans held for sale</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueAssetsLevel1ToLevel2TransfersAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Assets Level1 To Level2 Transfers Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:type="locator" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-Recurring Basis [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsNonrecurringMember" xlink:to="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements Nonrecurring [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:type="locator" xlink:label="us-gaap_LoansReceivableFairValueDisclosure" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impaired loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableFairValueDisclosure" xlink:to="us-gaap_LoansReceivableFairValueDisclosure_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loans Receivable Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:type="locator" xlink:label="us-gaap_FairValueByMeasurementBasisAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementBasisAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementBasisAxis" xlink:to="us-gaap_FairValueByMeasurementBasisAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueByMeasurementBasisAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value By Measurement Basis [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:type="locator" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Disclosure Item Amounts [Default]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:to="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Portion At Fair Value Fair Value Disclosure [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:type="locator" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Measurement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosureItemAmountsDomain" xlink:to="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Disclosure Item Amounts [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:type="locator" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Carrying Value [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:to="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Carrying Reported Amount Fair Value Disclosure [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:type="locator" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:to="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EstimateOfFairValueFairValueDisclosureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Estimate Of Fair Value Fair Value Disclosure [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:type="locator" xlink:label="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Assets:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:to="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments Financial Assets Balance Sheet Groupings [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:type="locator" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:to="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalents Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentsFairValueDisclosure" xlink:type="locator" xlink:label="us-gaap_InvestmentsFairValueDisclosure" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CRA investment fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsFairValueDisclosure" xlink:to="us-gaap_InvestmentsFairValueDisclosure_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investments Fair Value Disclosure</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_FederalHomeLoanBankStockAndFederalReserveBankStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">FHLB and FRB stock</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LoansReceivableFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Loans, net of allowance for loan and lease losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" xlink:type="locator" xlink:label="us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Liabilities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract" xlink:to="us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments Financial Liabilities Balance Sheet Groupings [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepositsFairValueDisclosure" xlink:type="locator" xlink:label="us-gaap_DepositsFairValueDisclosure" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DepositsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsFairValueDisclosure" xlink:to="us-gaap_DepositsFairValueDisclosure_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DepositsFairValueDisclosure_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deposits Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:type="locator" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subordinated debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrentAndNoncurrent" xlink:to="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Payable Current And Noncurrent</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ServiceChargesOnDepositsAbstract" xlink:type="locator" xlink:label="pgc_ServiceChargesOnDepositsAbstract" />
    <link:label xml:lang="en-US" xlink:label="pgc_ServiceChargesOnDepositsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Service charges on deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ServiceChargesOnDepositsAbstract" xlink:to="pgc_ServiceChargesOnDepositsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_ServiceChargesOnDepositsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Service charges on deposits</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ServiceChargesOnDepositsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Service Charges On Deposits [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OverdraftFeesRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Overdraft fees</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OverdraftFeesRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Overdraft Fees Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:type="locator" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interchange income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:to="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Currency Transaction Gain Loss Before Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ConversionGainsAndLossesOnForeignInvestments" xlink:type="locator" xlink:label="us-gaap_ConversionGainsAndLossesOnForeignInvestments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConversionGainsAndLossesOnForeignInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConversionGainsAndLossesOnForeignInvestments" xlink:to="us-gaap_ConversionGainsAndLossesOnForeignInvestments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConversionGainsAndLossesOnForeignInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Conversion Gains And Losses On Foreign Investments</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_WealthManagementFeesRevenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wealth management fees</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_WealthManagementFeesRevenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Wealth Management Fees Revenues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GainsLossesOnSalesOfAssets" xlink:type="locator" xlink:label="us-gaap_GainsLossesOnSalesOfAssets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainsLossesOnSalesOfAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gains/(losses) on sales of OREO</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnSalesOfAssets" xlink:to="us-gaap_GainsLossesOnSalesOfAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainsLossesOnSalesOfAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses On Sales Of Assets</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OtherNoninterestIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OtherNoninterestIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Noninterest Income</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_WealthManagementDivisionMember" xlink:type="locator" xlink:label="pgc_WealthManagementDivisionMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_WealthManagementDivisionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Wealth management division member.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_WealthManagementDivisionMember" xlink:to="pgc_WealthManagementDivisionMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_WealthManagementDivisionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wealth Management Division [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_WealthManagementDivisionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Wealth Management Division [Member]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_CardholderRewardsMember" xlink:type="locator" xlink:label="pgc_CardholderRewardsMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_CardholderRewardsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cardholder rewards.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_CardholderRewardsMember" xlink:to="pgc_CardholderRewardsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_CardholderRewardsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cardholder Rewards [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_CardholderRewardsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cardholder Rewards [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainsLossesOnSalesOfAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Gain on sale of OREO</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_WriteOffSubordinatedDebtCosts" xlink:type="locator" xlink:label="pgc_WriteOffSubordinatedDebtCosts" />
    <link:label xml:lang="en-US" xlink:label="pgc_WriteOffSubordinatedDebtCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Write off subordinated debt costs.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_WriteOffSubordinatedDebtCosts" xlink:to="pgc_WriteOffSubordinatedDebtCosts_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OtherOperatingExpenses" xlink:type="locator" xlink:label="pgc_OtherOperatingExpenses" />
    <link:label xml:lang="en-US" xlink:label="pgc_OtherOperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">This element refers to other operating expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OtherOperatingExpenses" xlink:to="pgc_OtherOperatingExpenses_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpensesAbstract" xlink:type="locator" xlink:label="us-gaap_OtherExpensesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherExpensesAbstract" xlink:to="us-gaap_OtherExpensesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Expenses [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProfessionalFees" xlink:type="locator" xlink:label="us-gaap_ProfessionalFees" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProfessionalFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Professional and legal fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfessionalFees" xlink:to="us-gaap_ProfessionalFees_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProfessionalFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Professional Fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Communication" xlink:type="locator" xlink:label="us-gaap_Communication" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Communication_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Telephone</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Communication" xlink:to="us-gaap_Communication_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Communication_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Communication</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdvertisingExpense" xlink:type="locator" xlink:label="us-gaap_AdvertisingExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AdvertisingExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advertising</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdvertisingExpense" xlink:to="us-gaap_AdvertisingExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AdvertisingExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advertising Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherRestructuringCosts" xlink:type="locator" xlink:label="us-gaap_OtherRestructuringCosts" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherRestructuringCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Branch restructure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherRestructuringCosts" xlink:to="us-gaap_OtherRestructuringCosts_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherRestructuringCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Restructuring Costs</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_WriteOffSubordinatedDebtCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Write-off of subordinated debt costs</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_WriteOffSubordinatedDebtCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Write Off Subordinated Debt Costs</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OtherOperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other operating expenses</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OtherOperatingExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Operating Expenses</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other operating expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:type="locator" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated Other Comprehensive Income Loss [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated Other Comprehensive Income Loss [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:type="locator" xlink:label="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Unrealized Holding Gain/(Loss) on Securities Available for Sale, Net of Tax [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:to="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated Net Unrealized Investment Gain Loss [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:type="locator" xlink:label="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain/(Loss) on Cash Flow Hedge [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:to="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated Gain Loss Net Cash Flow Hedge Parent [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated Other Comprehensive Gain/(Loss), Net of Tax [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:type="locator" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated Other Comprehensive Income (Loss) [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated Other Comprehensive Income Loss [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent" xlink:type="locator" xlink:label="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Comprehensive Income/(Loss) Before Reclassifications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent" xlink:to="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OciBeforeReclassificationsNetOfTaxAttributableToParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Oci Before Reclassifications Net Of Tax Attributable To Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent" xlink:type="locator" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Amount Reclassified From Accumulated Other Comprehensive Income/(Loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent" xlink:to="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification From Aoci Current Period Net Of Tax Attributable To Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:type="locator" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification Out Of Accumulated Other Comprehensive Income [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification Out Of Accumulated Other Comprehensive Income [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:type="locator" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification out of Accumulated Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification Out Of Accumulated Other Comprehensive Income [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:type="locator" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification out of Accumulated Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification Out Of Accumulated Other Comprehensive Income [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:type="locator" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification out of Accumulated Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification Out Of Accumulated Other Comprehensive Income [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:type="locator" xlink:label="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:to="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Interest expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome" xlink:type="locator" xlink:label="us-gaap_OtherIncome" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Income</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Income tax expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DerivativeTable" xlink:type="locator" xlink:label="us-gaap_DerivativeTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeTable" xlink:to="us-gaap_DerivativeTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative [Table]</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_TerminatedInterestRateSwapMember" xlink:type="locator" xlink:label="pgc_TerminatedInterestRateSwapMember" />
    <link:label xml:lang="en-US" xlink:label="pgc_TerminatedInterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Terminated interest rate swap.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_TerminatedInterestRateSwapMember" xlink:to="pgc_TerminatedInterestRateSwapMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_TerminatedInterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Terminated Interest Rate Swap [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_TerminatedInterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Terminated Interest Rate Swap [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:type="locator" xlink:label="us-gaap_BalanceSheetLocationAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance Sheet Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationAxis" xlink:to="us-gaap_BalanceSheetLocationAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Balance Sheet Location [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:type="locator" xlink:label="us-gaap_BalanceSheetLocationDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance Sheet Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationDomain" xlink:to="us-gaap_BalanceSheetLocationDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Balance Sheet Location [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherAssetsMember" xlink:type="locator" xlink:label="us-gaap_OtherAssetsMember" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Interest Rate Stated Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LIBOR spread</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Basis Spread On Variable Rate1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfLongTermDebt" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemption of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="us-gaap_RepaymentsOfLongTermDebt_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Repayments Of Long Term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:type="locator" xlink:label="us-gaap_DeferredFinanceCostsNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt costs net, written-off</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Finance Costs Net</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_NetProceedsFromDebtUsedForContributions" xlink:type="locator" xlink:label="pgc_NetProceedsFromDebtUsedForContributions" />
    <link:label xml:lang="en-US" xlink:label="pgc_NetProceedsFromDebtUsedForContributions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Net proceeds from debt used for contributions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_NetProceedsFromDebtUsedForContributions" xlink:to="pgc_NetProceedsFromDebtUsedForContributions_lbl" />
    <link:loc xlink:href="pgc-20210630.xsd#pgc_ProceedsFromDebtRetainedByParent" xlink:type="locator" xlink:label="pgc_ProceedsFromDebtRetainedByParent" />
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromDebtRetainedByParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from debt retained by parent.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_ProceedsFromDebtRetainedByParent" xlink:to="pgc_ProceedsFromDebtRetainedByParent_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_NetProceedsFromDebtUsedForContributions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net proceeds used to contribute to the Bank</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_NetProceedsFromDebtUsedForContributions_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Proceeds From Debt Used For Contributions</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromDebtRetainedByParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from debt retained by parent</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_ProceedsFromDebtRetainedByParent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Debt Retained By Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredFinanceCostsGross" xlink:type="locator" xlink:label="us-gaap_DeferredFinanceCostsGross" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt issuance costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsGross" xlink:to="us-gaap_DeferredFinanceCostsGross_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Finance Costs Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeLeaseDescriptionTable" xlink:type="locator" xlink:label="us-gaap_LesseeLeaseDescriptionTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeLeaseDescriptionTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lessee Lease Description [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeLeaseDescriptionTable" xlink:to="us-gaap_LesseeLeaseDescriptionTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeLeaseDescriptionTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Lease Description [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeLeaseDescriptionLineItems" xlink:type="locator" xlink:label="us-gaap_LesseeLeaseDescriptionLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeLeaseDescriptionLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lessee Lease Description [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeLeaseDescriptionLineItems" xlink:to="us-gaap_LesseeLeaseDescriptionLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeLeaseDescriptionLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Lease Description [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average discount rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:to="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease Weighted Average Discount Rate Percent</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_OperatingLeaseRemainingLeaseTerm" xlink:type="locator" xlink:label="pgc_OperatingLeaseRemainingLeaseTerm" />
    <link:label xml:lang="en-US" xlink:label="pgc_OperatingLeaseRemainingLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating lease, remaining lease term.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_OperatingLeaseRemainingLeaseTerm" xlink:to="pgc_OperatingLeaseRemainingLeaseTerm_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_OperatingLeaseRemainingLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining lease term</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_OperatingLeaseRemainingLeaseTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease Remaining Lease Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average lease term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:to="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease Weighted Average Remaining Lease Term1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseCost" xlink:type="locator" xlink:label="us-gaap_OperatingLeaseCost" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating lease costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseCost" xlink:to="us-gaap_OperatingLeaseCost_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_VariableLeaseCost" xlink:type="locator" xlink:label="us-gaap_VariableLeaseCost" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VariableLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable lease costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableLeaseCost" xlink:to="us-gaap_VariableLeaseCost_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VariableLeaseCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Lease Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2021</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Payments Remainder Of Fiscal Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2022</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Payments Due Next Twelve Months</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2023</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Payments Due Year Two</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Payments Due Year Three</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Payments Due Year Four</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Payments Due After Year Four</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total lease payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Payments Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:type="locator" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Less: imputed interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Lessee Operating Lease Liability Undiscounted Excess Amount</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Total present value of lease payments</link:label>
    <link:loc xlink:href="pgc-20210630.xsd#pgc_RightOfUseAssetObtainedInExchangeForLeaseObligation" xlink:type="locator" xlink:label="pgc_RightOfUseAssetObtainedInExchangeForLeaseObligation" />
    <link:label xml:lang="en-US" xlink:label="pgc_RightOfUseAssetObtainedInExchangeForLeaseObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Right-of-use asset obtained in exchange for lease obligation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pgc_RightOfUseAssetObtainedInExchangeForLeaseObligation" xlink:to="pgc_RightOfUseAssetObtainedInExchangeForLeaseObligation_lbl" />
    <link:label xml:lang="en-US" xlink:label="pgc_RightOfUseAssetObtainedInExchangeForLeaseObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Right-of-use asset obtained in exchange for lease obligation</link:label>
    <link:label xml:lang="en-US" xlink:label="pgc_RightOfUseAssetObtainedInExchangeForLeaseObligation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Right Of Use Asset Obtained In Exchange For Lease Obligation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeasePayments" xlink:type="locator" xlink:label="us-gaap_OperatingLeasePayments" />
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