Provident Financial Services, Inc.

New Jersey regional bank holding company for Provident Bank, founded 1839

What Provident Financial Services does

Provident Financial Services owns Provident Bank, a regional bank headquartered in Jersey City, New Jersey. It takes deposits from individuals, families and businesses and lends that money out, mostly as commercial real estate, business, residential mortgage and consumer loans. It also offers wealth management, insurance and everyday business banking services.

How Provident Financial Services makes money

It earns most of its income from net interest income, which is the gap between the interest it collects on loans and securities and the interest it pays depositors. Fee income from wealth management, insurance agency commissions, cash management and other banking services adds to that.

Products & services

• Deposit accounts (checking, savings, money market, CDs, IRAs)
• Commercial real estate and multi-family loans
• Commercial business and construction loans
• Residential mortgages and home equity loans/lines
• Wealth management and trust services
• Insurance agency and cash management services