Provident Financial Services

Anthony J. Labozzetta serves as President and CEO, having succeeded former CEO Christopher Martin in 2020. Labozzetta previously served as Chief Operating Officer of the bank, giving him deep operational familiarity with the institution's commercial lending and branch network.

In May 2024, Provident completed an all-stock merger with Lakeland Bancorp, the holding company for Lakeland Bank. The deal valued Lakeland at approximately $1.3 billion and created a combined institution with roughly $25 billion in assets and a branch network spanning over 140 locations across New Jersey, Pennsylvania, and New York. The merger represents a significant consolidation play in the tri-state community banking market.

Provident generates revenue primarily through net interest income from its loan portfolio — which is heavily weighted toward commercial real estate and commercial/industrial lending — and non-interest income from deposit service charges, wealth management fees through Beacon Trust, and insurance commissions via Provident Protection Plus. The deposit franchise across northern New Jersey provides a low-cost funding base.

Beacon Trust Company is a wholly-owned subsidiary of Provident Bank that provides trust administration, investment management, estate settlement, and tax preparation services. It extends Provident's relationship depth with high-net-worth clients in its footprint, complementing the commercial banking business with fee-based fiduciary revenue.

Provident's branch network is concentrated in northern and central New Jersey, with additional presence in eastern Pennsylvania (Lehigh Valley and Bucks County) and Queens County, New York. The Lakeland merger expanded its Pennsylvania footprint into additional markets previously served by Lakeland Bank.

Yes. Provident Financial Services trades on the New York Stock Exchange under the ticker 'PFS'. The company is a public bank holding company, though its banking subsidiary originated as a mutual savings bank chartered in 1839, and the institution retains elements of that long-duration relationship-banking culture.

1839 marks the founding year of Provident Institution for Savings in Jersey City, making it the oldest chartered savings bank in New Jersey. The institution was originally formed as a mutual organization to serve the savings and home-financing needs of the local community, a legacy that informs its continued focus on residential and commercial real estate lending today.