Provident Bank Announces an Additional $50,000 in Grants to 5 Non-Profit Organizations

Provident Bank (NYSE:PFS) announced on January 27, 2026 that it awarded an additional $50,000 in grants to five non-profit organizations through the Federal Home Loan Bank of New York Small Business Recovery Grant (SBRG) Program.

Rhea-AI Summary

Provident Bank (NYSE:PFS) announced on January 27, 2026 that it awarded an additional $50,000 in grants to five non-profit organizations through the Federal Home Loan Bank of New York Small Business Recovery Grant (SBRG) Program.

The SBRG Program permits members to award up to $10,000 per qualifying small business or non-profit affected by the rate environment, inflation, supply-chain constraints, or rising energy costs. Provident said the awards are intended to help local non-profits continue delivering essential programs and services.

Grant recipients (each $10,000):

• Community Food Bank of New Jersey
• East Trenton Collaborative
• Mercer Street Friends
• Oasis
• Rescue Mission of Trenton

Argus Jan 27 session

+1.17% close to close Open Argus

Details

News Market Reaction – PFS

On Jan 27, the day this news came out, PFS closed 1.17% above the previous close.

Data tracked by StockTitan Argus for the Jan 27 session.

Market Context

This announcement highlights PFS’s continued community engagement through an additional $50,000 in g...

Analysis

This announcement highlights PFS’s continued community engagement through an additional $50,000 in grants, reinforcing its relationship with local non-profits and small businesses. Set against prior news about leadership transitions, economic surveys, and upcoming earnings, the grants fit a steady pattern of incremental updates rather than a major financial catalyst. Investors may watch how such initiatives support long-term franchise strength alongside core metrics from upcoming earnings reports and regulatory filings.

Key Figures

Additional grants: $50,000 Non-profit recipients: 5 organizations Max grant size: $10,000 +1 more

Additional grants

$50,000

New awards under FHLBNY Small Business Recovery Grant Program

Non-profit recipients

5 organizations

Number of non-profits receiving new grants

Max grant size

$10,000

Maximum grant per qualifying small business under SBRG Program

Per-organization grant

$10,000

Each listed non-profit’s grant from FHLBNY SBRG Program

Historical Context

5 past events · Latest: Jan 13

5 events

1. Jan 13

   CFO retirement plan

   24h Move

   +0.6%

   Announced planned retirement and transition of long-tenured CFO Thomas M. Lyons.

2. Jan 13

   Community fundraising

   24h Move

   -0.1%

   Employees raised $80,000 and allocated grants to five local nonprofits.

3. Jan 06

   Economic survey

   24h Move

   +0.1%

   Released 2026 outlook survey showing stronger investment and hiring intentions.

4. Jan 05

   Earnings call scheduled

   24h Move

   +2.0%

   Set dates for Q4 and year-end 2025 earnings release and conference call.

5. Dec 17

   Leadership changes

   24h Move

   +0.4%

   Announced new executive hires and promotions in tech, data, sales, and CRE.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Funding is provided through the FHBNY Small Business Recovery Grant Program

ISELIN, N.J., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, has announced it recently awarded an additional $50,000 in grants to 5 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 non-profit 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.

“Our continued partnership with the Federal Home Loan Bank of New York allows us to extend meaningful support to organizations that are doing critical work in our communities," said Leonardo Ramos, First Vice President, CRA Officer, Provident Bank. "These additional grants help strengthen local non-profits and ensure they can continue delivering essential programs and services to those who need them most."

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.

Each of the following non-profit organizations received a $10,000 grant through the FHLBNY SBRG Program:

• Community Food Bank of New Jersey
• East Trenton Collaborative
• Mercer Street Friends
• Oasis
• Rescue Mission of Trenton
  

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/a266a9ed-e895-409b-9de1-eb6cae6dec13

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Provident Bank (PFS) announce on January 27, 2026?

Provident Bank announced an additional $50,000 in grants to five non-profits through the FHLBNY Small Business Recovery Grant Program.

How much did each non-profit receive from Provident Bank (PFS)?

Each listed non-profit received a $10,000 grant under the SBRG Program.

What is the purpose of the FHLBNY SBRG Program mentioned by Provident Bank (PFS)?

The SBRG Program provides funds to help qualifying small businesses and non-profits facing economic challenges from the rate environment, inflation, supply-chain constraints, or rising energy costs.

Which organizations received the Provident Bank (PFS) SBRG grants on January 27, 2026?

The recipients were Community Food Bank of New Jersey, East Trenton Collaborative, Mercer Street Friends, Oasis, and Rescue Mission of Trenton.

Does the Provident Bank (PFS) announcement indicate ongoing community support?

Yes; the bank said it continues to invest in local economic vitality by providing SBRG grants to support small businesses and non-profits.