Provident Bank Employees Raise $80,000 for Local Nonprofit Organizations

Provident Bank (NYSE:PFS) announced that employees raised $80,000 through its 2025 "We Wear Jeans for a Cause" program and awarded grants to five local nonprofits on Jan. 13, 2026.

Rhea-AI Summary

Provident Bank (NYSE:PFS) announced that employees raised $80,000 through its 2025 "We Wear Jeans for a Cause" program and awarded grants to five local nonprofits on Jan. 13, 2026. Funds were distributed across NY, NJ, and PA: Queens Community House $10,000, Isles, Inc. $20,000, PRAHD $20,000, New Bethany $15,000, and Rising Tide Community Loan Fund $15,000. The grants support affordable housing, soup kitchen operations, and small business lending to strengthen community stability and economic growth. Provident credited employee contributions for enabling expanded local impact and thanked team members for their support.

Argus Jan 13 session

-0.10% close to close Open Argus

Details

News Market Reaction – PFS

On Jan 13, the day this news came out, PFS closed 0.10% below the previous close.

Data tracked by StockTitan Argus for the Jan 13 session.

Market Context

This announcement highlights an employee-funded program directing $80,000 to five nonprofits across ...

Analysis

This announcement highlights an employee-funded program directing $80,000 to five nonprofits across NY, NJ, and PA, reinforcing PFS’s ongoing community-support strategy seen in earlier grant initiatives. It underscores engagement around housing, food insecurity, and small business lending. In context with recent corporate developments and regulatory filings, investors may monitor how such community efforts complement core drivers like earnings performance, asset quality, and capital management over time.

Key Figures

Employee-funded total: $80,000 Grant recipients: 5 organizations Queens Community House grant: $10,000 +4 more

Employee-funded total

$80,000

2025 We Wear Jeans for a Cause program

Grant recipients

5 organizations

Local nonprofits in NY, NJ, and PA

Queens Community House grant

$10,000

Housing initiatives in Queens, NY

Isles, Inc. grant

$20,000

Affordable housing and community programs in Mercer County, NJ

PRAHD grant

$20,000

Affordable housing in Perth Amboy, NJ

New Bethany grant

$15,000

Soup kitchen in Bethlehem, PA

Rising Tide Loan Fund grant

$15,000

Small business lending in Lehigh, PA

Historical Context

5 past events · Latest: Jan 06

5 events

1. Jan 06

   Economic survey

   24h Move

   +0.1%

   2026 economic outlook survey showing increased capex and hiring plans.

2. Jan 05

   Earnings call notice

   24h Move

   +2.0%

   Announcement of Q4 and year-end 2025 results release and call.

3. Dec 17

   Leadership changes

   24h Move

   +0.4%

   New hires and promotions in technology, data, sales, and CRE.

4. Nov 25

   Crisis fund grants

   24h Move

   +3.5%

   Launch of Crisis Response Fund with $50,000 food insecurity grants.

5. Nov 06

   Small business grants

   24h Move

   -1.0%

   Announcement of $50,000 in SBRG grants to six nonprofits.

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

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Empowering Provident’s Employees to Support Local Communities Through “We Wear Jeans for a Cause”

ISELIN, N.J., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, recently awarded grants to recipients of their 2025 We Wear Jeans for a Cause program, a unique employee-funded initiative that empowers team members to support nonprofit organizations.

In total, the employee-funded initiative generated $80,000, which was distributed to five local non-profit organizations dedicated to improving the quality of life in the communities the bank serves, including NY, NJ, and PA. The organizations include:

• Queens Community House: $10,000 to strengthen housing initiatives in Queens, NY, helping individuals and families secure safe, stable living conditions.
• Isles, Inc.: $20,000 to expand affordable housing and community programs, ensuring more residents in Mercer County, NJ have access to quality living.
• PRAHD: $20,000 to support affordable housing development in Perth Amboy, NJ, contributing to the city’s revitalization efforts.
• New Bethany: $15,000 to fund its soup kitchen, addressing food insecurity in Bethlehem, PA.
• Rising Tide Community Loan Fund: $15,000 to support small business lending initiatives, fostering entrepreneurship and economic growth in Lehigh, PA.
  

“The funds will enable these organizations to continue their essential work and expand the impact of their programs,” said Leonardo Ramos, First Vice President, CRA Officer, Provident Bank. “Through initiatives like We Wear Jeans for a Cause, we are able to support organizations that make a difference in our communities.”

The bank extends its gratitude to all team members whose generosity and commitment strengthen the bank’s presence, support local businesses, and contribute to the growth and vitality of the communities it serves. Every contribution helps those in need and reflects a commitment to fostering meaningful, lasting assistance through active community involvement.

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 more than 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
Vested
Providentbank@fullyvested.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3368c7d-1fcc-4545-bfe8-799a1653e83a

FAQ

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

How much did Provident Bank (PFS) employees raise through We Wear Jeans for a Cause in 2025?

Employees raised $80,000 through the 2025 program.

Which organizations received Provident Bank (PFS) grants and how much did each get?

Five groups received grants: Queens Community House $10,000, Isles, Inc. $20,000, PRAHD $20,000, New Bethany $15,000, Rising Tide $15,000.

What community areas did Provident Bank (PFS) target with the 2025 donations?

Grants targeted programs in Queens, NY; Mercer and Perth Amboy, NJ; Bethlehem and Lehigh, PA.

What programs will the Provident Bank (PFS) grants support?

The funds support affordable housing, soup kitchen operations, and small business lending.

When did Provident Bank (PFS) announce the 2025 We Wear Jeans for a Cause grants?

The grants were announced on January 13, 2026.

How does Provident Bank (PFS) describe employee impact from the We Wear Jeans for a Cause program?

The bank said employee contributions enabled expanded local impact, strengthened community presence, and supported economic growth.