Welcome to our dedicated page for Provident Finl news (Ticker: PFS), a resource for investors and traders seeking the latest updates and insights on Provident Finl stock.
Provident Financial Services, Inc. (NYSE: PFS) is the holding company for Provident Bank, an established community-oriented bank that has been serving customers since 1839. With a strong history of service and stability, Provident Bank has grown its capabilities to rival larger regional and national banks while maintaining a commitment to personal service.
Provident Bank offers a wide range of financial products and services tailored to both individual and commercial customers. This includes personal checking and savings accounts, commercial loans, wealth management, and insurance services. Each account comes with the promise of individual attention from a Provident banker.
The company's operations are primarily concentrated in the financial services industry, offering traditional banking services along with wealth management, insurance agency income, and banking service charges. Provident Bank operates more than 80 branches throughout New Jersey and Pennsylvania, and it also provides services in Queens and Nassau Counties in New York. Customers can access services through telephone and online banking systems.
Provident Bank's recent achievements include a merger agreement with Lakeland Bancorp, Inc., which is expected to enhance the bank's scale, growth opportunities, and profitability. The merger has received regulatory approvals from the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance, and the Board of Governors of the Federal Reserve System. Upon completion, the combined company will operate under the Provident name. This merger is expected to offer exceptional service to customers by leveraging the complementary strengths of both institutions.
Provident Financial Services reported assets of $14.1 billion as of September 30, 2023, and continues to focus on expanding its product offerings and improving customer service. The company provides fiduciary and wealth management services through its subsidiary, Beacon Trust Company, and insurance services through Provident Protection Plus, Inc.
For investors, Provident Financial Services conducts regular conference calls to discuss financial results and strategic developments. The next conference call is scheduled for January 26, 2024, to discuss the fourth quarter and full year financial results of 2023.
Provident Bank, a prominent financial institution based in New Jersey, recently hosted the Helping Entrepreneurs Rise (H.E.R.) Conference focused on empowering women in business.
The event, held on April 26, 2023, in Iselin, NJ, aimed to tackle key issues affecting marginalized populations, such as economic barriers and limited access to business networks. It provided resources for women and minority business owners through financial literacy and education.
The conference featured insights from multiple chambers of commerce and was attended by inspiring female leaders and entrepreneurs. Provident Bank's commitment to diversity and inclusion was emphasized, with initiatives to reduce economic barriers through education and networking opportunities.
As of December 31, 2022, Provident Bank reported assets of $13.80 billion, with deposits amounting to $10.60 billion.
Provident Bank announces the donation of a former branch to New City Kids, a non-profit organization in Jersey City focusing on youth development. The 5,472 square foot facility at 533 Bergen Avenue will serve as the New City Kids Rubingh Center for Youth Development, marking the organization’s fourth location in Jersey City. In addition to the building, The Provident Bank Foundation commits $100,000 over four years for upgrades and operational support. This initiative reaffirms Provident Bank's commitment to community service since its founding in 1839.
Provident Financial Services (NYSE: PFS) is set to announce its financial results for Q1 2023 on April 27, 2023, after market close. Investors can access the earnings release on the company's website. A conference call to discuss the results will occur on April 28, 2023, at 10:00 a.m. ET, with several access options available. Provident reported total assets of $13.8 billion as of December 31, 2022, and operates a network of branches in New Jersey, Pennsylvania, and New York. The company also offers fiduciary and wealth management services through its subsidiary, Beacon Trust Company.
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