Tranche Update on Provident Financial Services, Inc.'s Equity Buyback Plan announced on December 21, 2012.
July 30, 2021 at 11:34 am EDT
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From April 1, 2021 to June 30, 2021, the company has repurchased 1,854 shares, representing 0.002423% for $0.05 million. With this, the company has completed the repurchase of 2,801,634 shares, representing 4.1% for $56.79 million under the buyback announced on December 21, 2012.
Provident Financial Services, Inc. is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank operating full-service branch offices throughout northern and central New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Queens and Nassau Counties in New York. The Bank provides a range of financial products and services through its network of branches. The Bank originates commercial real estate loans, commercial business loans, fixed-rate and adjustable-rate mortgage loans collateralized by one-to four-family residential real estate and other consumer loans, for borrowers generally located within its primary market area. The Bank invests in mortgage-backed securities and other permissible investments. It provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance brokerage services through its subsidiary, Provident Protection Plus, Inc.