Provident Strengthens its Commitment to Local Communities with $50,000 in Grants to 6 Non-Profit Organizations
Provident Bank (NYSE:PFS) awarded $50,000 in grants to 6 non-profit organizations through the Federal Home Loan Bank of New York’s Small Business Recovery Grant (SBRG) Program.
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Rhea-AI Summary
Provident Bank (NYSE:PFS) awarded $50,000 in grants to 6 non-profit organizations through the Federal Home Loan Bank of New York’s Small Business Recovery Grant (SBRG) Program. The grants, up to $10,000 each, support small businesses and nonprofits facing challenges from rates, inflation, supply-chain issues, and energy costs.
Details
News Market Reaction – PFS
On Jul 22, the day this news came out, PFS closed 0.12% below the previous close.
Data tracked by StockTitan Argus for the Jul 22 session.
Key Figures
- Total grants
- $50,000
- Awarded through the FHLBNY Small Business Recovery Grant Program
- Organizations funded
- 6 non-profit organizations
- Recipients of the grant awards
- Bloom Empower grant
- $5,000
- Grant recipient
- LISC NJ grant
- $10,000
- Grant recipient
- Mercer County Community College Foundation grant
- $5,000
- Grant recipient
- New Life Community Development Corporation grant
- $10,000
- Grant recipient
- Rising Tide Capital grant
- $10,000
- Grant recipient
- SAFE in Hunterdon grant
- $10,000
- Grant recipient
Historical Context
-
Senior vice president appointed to oversee deposit and payments operations
-
Second-quarter 2026 results and conference call dates were announced
-
Adriano Duarte was appointed executive vice president and chief financial officer
-
$1 million awarded to ten New Jersey nonprofit organizations
-
Annamaria Vitelli was appointed chief wealth officer and Beacon Trust president
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.
Funding is provided through the FHLBNY Small Business Recovery Grant Program
ISELIN, N.J., July 22, 2026 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, has announced it recently awarded
"Our partnership with the Federal Home Loan Bank of New York continues to create opportunities to make a meaningful difference in the communities we serve," said Leonardo Ramos, First Vice President, CRA Officer, Provident Bank. "These recovery grants provide valuable resources that help local nonprofit organizations expand their impact, strengthen their operations, and continue delivering critical services to individuals and families."
As a dedicated member of the FHLBNY, Provident Bank continues to actively invest in the economic vitality of its 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:
- Bloom Empower -
$5,000 - LISC NJ -
$10,000 - Mercer County Community College Foundation -
$5,000 - New Life Community Development Corporation -
$10,000 - Rising Tide Capital -
$10,000 - SAFE in Hunterdon -
$10,000
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
Media Contact:
Keith Buscio
Keith.Buscio@provident.bank
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7d43e87-85b3-4cdd-b803-24ffa026df6b
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