Adriano Duarte becomes Provident Financial (NYSE: PFS) chief financial officer
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Provident Financial Services, Inc. announced board and finance leadership changes. Director James P. Dunigan retired from the Board of Directors of the company and Provident Bank on June 18, 2026, after more than eight years of service.
The company appointed Adriano Duarte, currently Executive Vice President and Chief Accounting Officer, as Executive Vice President and Chief Financial Officer effective July 1, 2026. He will lead finance functions including accounting, planning, treasury, investor relations, strategy, reporting, tax, facilities, and financial risk management, while continuing as Chief Accounting Officer and serving on the executive leadership team.
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Insights
Provident refreshes finance leadership with an internal CFO promotion.
Provident Financial Services is transitioning its finance leadership as long-time director James P. Dunigan retires and internal executive Adriano Duarte becomes CFO effective July 1, 2026. This is an internal succession, not an external shake-up.
Duarte already oversees accounting and key finance functions and will retain his Chief Accounting Officer role. This continuity suggests operational familiarity with Provident’s financial systems and regulatory reporting, while centralizing finance oversight under one executive.
The filing does not outline strategic changes tied to this move, framing it primarily as a leadership transition. Future disclosures in regular reports will show how Duarte’s combined responsibilities influence capital management, growth priorities, and risk oversight.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Effective date of CFO appointment: July 1, 2026
Director service length: More than eight years
Total assets: $25.20 billion
+3 more
6 metrics
Effective date of CFO appointment
July 1, 2026
Adriano Duarte becomes Executive Vice President and Chief Financial Officer
Director service length
More than eight years
James P. Dunigan’s tenure on the Board of Directors
Total assets
$25.20 billion
Provident Bank assets as of March 31, 2026
Branch network
More than 140 branches
Locations across New Jersey, New York and Pennsylvania
Company founding year
1839
Provident Bank founded in Jersey City
Industry experience
More than 30 years
Banking and financial services experience of Adriano Duarte
Key Terms
Regulation FD Disclosure, Executive Vice President, Chief Financial Officer, Schedule 14A, +1 more
5 terms
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure A copy of the press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Executive Vice President financial
"Adriano Duarte CPA, currently Executive Vice President and Chief Accounting Officer"
An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.
Chief Financial Officer financial
"appointed to the role of Executive Vice President and Chief Financial Officer of the Company"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
Schedule 14A regulatory
"definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission"
Schedule 14A is a document that companies file with regulators to share important information with shareholders before a big vote, like approving a merger or election of directors. It matters because it helps investors understand what’s happening so they can make informed decisions about the company’s future.
emerging growth company regulatory
"Emerging growth company Item 5.02. Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 18, 2026
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
Registrant's telephone number, including area code | ||||||||||||||
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol Symbol(s) | Name of each exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
CFR 240.14d-2(b))
CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On June 18, 2026, James P. Dunigan who served as a member of the Board of Directors (the "Board") of Provident Financial Services, Inc. (the "Company") and its wholly owned subsidiary, Provident Bank, retired from the Company after more than eight years of service.
(c) On June 23, 2026, Adriano Duarte CPA, currently Executive Vice President and Chief Accounting Officer of the Company, was appointed to the role of Executive Vice President and Chief Financial Officer of the Company, effective July 1, 2026. In his new role Mr. Duarte will be responsible for leading all aspects of the Finance organization, including accounting, financial planning and analysis, treasury, investor relations, corporate strategy, financial reporting, tax, facilities, and financial risk management. As Chief Financial Officer, he will serve as a key advisor to the Executive Leadership Team and the Board, helping guide the Company’s financial performance, growth strategy, capital management, and long-term value creation. He will also help identify strategic opportunities and partner across the organization to support continued growth and strong financial performance. Mr. Duarte will continue to serve in his role as Chief Accounting Officer.
Mr. Duarte's biographical information is included in the Company's definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 8, 2026, and such information is incorporated herein by reference. There are no arrangements or understandings between Mr. Duarte and any other persons pursuant to which he was selected as Executive Vice President and Chief Financial Officer of the Company. There also are no family relationships between Mr. Duarte and any director or executive officer of the Company, and there are no related party transactions involving Mr. Duarte that are reportable under Item 404(a) of Regulation S-K.
Item 7.01. Regulation FD Disclosure
A copy of the press release announcing Mr. Duarte's appointment to Chief Financial Officer is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information set forth in this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(a) Financial Statements of Businesses or Funds Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Shell Company Transactions. Not applicable.
(d) Exhibits.
Exhibit No. Description
99.1 Press release announcing Adriano M. Duarte's appointment to Chief Financial Officer dated June 23, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
PROVIDENT FINANCIAL SERVICES, INC. | ||||||||||||||
DATE: | June 23, 2026 | By:/s/ Bennett MacDougall | ||||||||||||
| Bennett MacDougall | ||||||||||||||
| EVP, General Counsel & Corporate Secretary | ||||||||||||||
NEWS RELEASE Provident Bank Appoints Adriano Duarte EVP and Chief Financial Officer Experienced Banking Executive to Lead Financial Strategy and Support Continued Growth ISELIN, NEW JERSEY (July 1, 2026) – Provident Bank, a leading New Jersey-based financial institution, announced today the appointment of Adriano Duarte to Executive Vice President and Chief Financial Officer of Provident Bank and Provident Financial Services, Inc. (NYSE: PFS), effective July 1, 2026. In his new role, Mr. Duarte will lead all aspects of the Finance organization, including accounting, financial planning and analysis, treasury, investor relations, corporate strategy, financial reporting, tax, facilities, and financial risk management. He will serve as a key advisor to the Executive Leadership Team and Board of Directors, helping guide the company’s financial performance, growth strategy, capital management, and long-term value creation. Mr. Duarte will also help identify strategic opportunities and partner across the organization to support continued growth and strong financial performance. Mr. Duarte will report directly to Anthony Labozzetta, President and Chief Executive Officer of Provident Bank, and will serve as a member of the bank’s Executive Leadership Team. “Adriano is a highly respected and trusted leader whose deep financial expertise, strategic perspective, and collaborative leadership style have made a significant impact across our organization,” said Mr. Labozzetta. “Since joining Provident through the acquisition of SB One Bank, Adriano has played an instrumental role in strengthening our financial management capabilities and advancing many of the bank’s key priorities. He embodies our culture and Guiding Principles, and I am confident he will continue to provide the strong financial leadership and strategic insight necessary to help shape Provident’s future.” Mr. Duarte joined Provident in 2020 through the acquisition of SB One Bank and most recently served as Executive Vice President and Chief Accounting Officer. In that role, he led the bank’s accounting, financial reporting, financial planning and analysis, tax, facilities, and investor relations functions while helping advance several strategic initiatives designed to enhance performance and support long-term growth. With more than 30 years of banking and financial services experience, Mr. Duarte has built a distinguished career in financial leadership, balance sheet management, mergers and
acquisitions, financial planning and analysis, regulatory and SEC reporting, and investor relations. Prior to joining Provident, he served as Chief Financial Officer of SB One Bank and held several senior finance leadership positions at both SB One Bank and Investors Bank. “I am honored to assume this role and grateful for the confidence Tony, the Board of Directors, and my colleagues have placed in me,” said Mr. Duarte. “Provident has a long history of financial strength, a strong culture, and a clear vision for the future. I look forward to continuing to work alongside our talented teams across the organization to support our strategic priorities, deliver long-term value for our shareholders, and help our customers and communities succeed.” Mr. Duarte earned a Bachelor of Science degree in Accounting and an MBA with a concentration in Finance from Rutgers University and is a Certified Public Accountant. Mr. Duarte succeeds Thomas Lyons, who retired after a distinguished career spanning more than two decades with Provident. ### 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 $25.20 billion as of March 31, 2026, 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 Director of Public Relations & Communications Keith.Buscio@provident.bank
FAQ
What leadership changes did Provident Financial Services (PFS) announce in this 8-K?
Provident Financial Services reported that director James P. Dunigan retired after more than eight years of board service. The company also promoted Executive Vice President and Chief Accounting Officer Adriano Duarte to Executive Vice President and Chief Financial Officer, effective July 1, 2026.
Who is Adriano Duarte and what role will he have at Provident Financial (PFS)?
Adriano Duarte is a Certified Public Accountant and long-time banking executive. He was Executive Vice President and Chief Accounting Officer and has been appointed Executive Vice President and Chief Financial Officer, leading finance, strategy, investor relations, treasury, tax, and financial risk management effective July 1, 2026.
When did James P. Dunigan retire from Provident Financial Services (PFS)?
James P. Dunigan retired from the Board of Directors of Provident Financial Services, Inc. and Provident Bank on June 18, 2026. His departure ends more than eight years of board service, as disclosed in the company’s current report and accompanying press release.
Will Adriano Duarte continue as Chief Accounting Officer at Provident Financial (PFS)?
Yes. Provident stated that Adriano Duarte will continue serving as Chief Accounting Officer while assuming the Executive Vice President and Chief Financial Officer role. This means he retains oversight of accounting alongside broader finance, planning, reporting, tax, and risk management responsibilities.
How large is Provident Bank, the subsidiary of Provident Financial Services (PFS)?
Provident Bank reported assets of $25.20 billion as of March 31, 2026. It operates more than 140 branches across New Jersey and parts of New York and Pennsylvania and provides additional wealth management and insurance services through wholly owned subsidiaries.