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. reports developments tied to its role as the holding company for Provident Bank, a community-focused financial institution serving New Jersey, eastern Pennsylvania, and parts of New York. The bank provides commercial and consumer banking, digital banking, branch-based services, fiduciary and wealth management services through Beacon Trust Company, and insurance services through Provident Protection Plus, Inc.
Recurring news includes quarterly earnings, net interest income, loan and deposit trends, credit quality, noninterest revenue, and capital returns through common-stock dividends. Company updates also cover middle market and asset-based lending activity, wealth management staffing and advisory capabilities, investor relations, and other operating changes across the banking, wealth, and insurance businesses.
Provident Financial Services, Inc. completed a $225 million subordinated notes offering to meet regulatory conditions related to the Lakeland Bancorp, Inc. merger, with the merger expected to close on May 15, 2024. The net proceeds will be invested in the Bank, serving as Tier 1 and Tier 2 capital.
Provident Financial Services, Inc. announced the pricing and upsizing of a subordinated notes offering totaling $225 million. The Notes will bear interest at 9.00% initially, with a fixed-to-floating rate structure. The purpose is to satisfy regulatory conditions related to a merger with Lakeland Bancorp, Inc.
Provident Financial Services, Inc. announced the launch of a subordinated notes offering to raise $200 million in a registered public offering due 2034. The purpose is to qualify as Tier 2 capital for regulatory purposes, following a merger with Lakeland Bancorp, Inc. The net proceeds will be invested in the Bank for general corporate purposes, such as debt repayment. Piper Sandler & Keefe, Bruyette & Woods are the joint book-running managers for the offering.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.