Provident Financial Services, Inc. Announces Completion of Subordinated Notes Offering and Expected Merger Closing Date for the Lakeland Bancorp, Inc. Merger
Provident Financial Services, Inc (PFS)
Last provident financial services, inc earnings: 4/30 08:00 am
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US:NYSE Investor Relations:
providentfinancial.com/investors
Company Research
Source: GlobeNewswire
ISELIN, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the completion of its offering and sale of $225 million of its 9.00% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”). The Notes were sold at par, resulting in net proceeds, after discounts and estimated offering expenses, of approximately $219.3 million. The purpose of the Offering was to satisfy certain previously announced regulatory conditions that were agreed to in connection with the merger (the “Merger Transaction”) between the Company and Lakeland Bancorp, Inc. (“Lakeland”). In light of the completion of the Offering, the Merger Transaction is now expected to close after the close of trading on May 15, 2024, pending satisfaction of customary closing conditions. The Company intends to invest all of the net proceeds from the Offering in
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PFS
News
- Provident Financial Services, Inc. Completes Merger with Lakeland Bancorp, Inc. [Yahoo! Finance]Yahoo! Finance
- Provident Financial Services, Inc. Completes Merger with Lakeland Bancorp, Inc.GlobeNewswire
- Provident Financial Services, Inc. Announces Pricing and Upsizing of Subordinated Notes OfferingGlobeNewswire
- Provident Financial Services, Inc. Announces Launch of Subordinated Notes Offering [Yahoo! Finance]Yahoo! Finance
- Provident Financial Services, Inc. Announces Launch of Subordinated Notes OfferingGlobeNewswire
PFS
Earnings
- 4/18/24 - Beat
PFS
Sec Filings
- 5/31/24 - Form S-8
- 5/30/24 - Form 4
- 5/30/24 - Form 4
- PFS's page on the SEC website