For the Second Consecutive Year, Provident Bank Announces $50,000 in Grants to 6 Non-Profit Organizations

Rhea-AI Summary

Provident Bank (NYSE:PFS) announced on November 6, 2025 that it awarded a total of $50,000 in grants to six non-profit organizations through the Federal Home Loan Bank of New York Small Business Recovery Grant (SBRG) Program.

The SBRG program allows members to provide grants of up to $10,000 to qualifying small businesses and nonprofits affected by the rate environment, inflation, supply-chain constraints, or rising energy costs. Provident said the funding supports local small businesses and community services.

Grant recipients included:

• Focus Hispanic Center for Community Development
• Neighborhood Housing Services of Queens CDC
• New Brunswick Tomorrow
• Yonkers Partners In Education – Jersey City
• Big Brothers Big Sisters of Coastal & Northern NJ
• Team Walker

Funding is provided through the FHBNY’s Small Business Recovery Grant Program

ISELIN, N.J., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, has announced the organization recently awarded a total of $50,000 in grants to 6 non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The SBRG program provides funds to benefit the small businesses of FHLBNY members, including farms and nonprofit organizations. Through the SBRG Program, members can provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs.

“We deeply value our ongoing collaboration with the Federal Home Loan Bank of New York through the Small Business Recovery Grant Program," stated Leonardo Ramos, First Vice President, CRA Officer. "These funds provide a vital lifeline, enabling local organizations to continue serving their communities and providing essential services."

As a dedicated member of the FHLBNY, Provident Bank continues to actively invest in the economic vitality of our local neighborhoods by ensuring small businesses and non-profits have the resources necessary to continue thriving.

The following non-profit organizations received grants through the FHLBNY SBRG program:

• Focus Hispanic Center for Community Development
• Neighborhood Housing Services of Queens CDC
• New Brunswick Tomorrow
• Yonkers Partners In Education – Jersey City
• Big Brothers Big Sisters of Coastal & Northern NJ
• Team Walker

About Provident Bank

Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.83 billion as of September 30, 2025, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

Media Contact:
Keith Buscio
Keith.Buscio@provident.bank 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9aa7c758-46c6-46a6-8125-b86fa53480d0

 

FAQ

How much did Provident Bank (PFS) grant through the FHLBNY SBRG program on November 6, 2025?

Provident Bank awarded a total of $50,000 in grants on November 6, 2025.

How many non-profit organizations received grants from Provident Bank (PFS) in the November 6, 2025 announcement?

Six non-profit organizations received grants.

What is the maximum grant size available under the FHLBNY Small Business Recovery Grant (SBRG) program?

The SBRG program allows members to provide grants of up to $10,000 to qualifying small businesses and nonprofits.

Which organizations received Provident Bank (PFS) grants on November 6, 2025?

Recipients were Focus Hispanic Center for Community Development; Neighborhood Housing Services of Queens CDC; New Brunswick Tomorrow; Yonkers Partners In Education – Jersey City; Big Brothers Big Sisters of Coastal & Northern NJ; and Team Walker.

Does the Provident Bank (PFS) grant program target small businesses affected by economic pressures?

Yes. The SBRG grants target small businesses and nonprofits impacted by the rate environment, inflation, supply-chain constraints, and rising energy costs.

Will Provident Bank's (PFS) $50,000 in grants directly affect shareholder financial results?

The announcement describes community grants and does not include any financial guidance or quantified impact on shareholder results.