Provident Financial Services, Inc. Announces Launch of Subordinated Notes Offering
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
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Source: GlobeNewswire
ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of subordinated notes due 2034 (the “Notes”) in a registered public offering, (the “Offering”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The purpose of the Offering is 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”). The Company intends to invest all of the net proceeds from the Offering in the Bank. The Bank expects that the net proceeds will be initially invested in securities and used for other general corporate purposes, which may include the repayment of Federal Home Loan Bank advances and other indebtedness. Pip
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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 Completion of Subordinated Notes Offering and Expected Merger Closing Date for the Lakeland Bancorp, Inc. MergerGlobeNewswire
- 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
PFS
Earnings
- 4/18/24 - Beat
PFS
Sec Filings
- 5/16/24 - Form S-8
- 5/16/24 - Form 8-K
- 5/13/24 - Form 8-K
- PFS's page on the SEC website