Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Apr. 19, 1:29 AM
Slide #35. Provident Financial Services, Inc. — Lakeland Bancorp, Inc.
Acquirer: |
Provident Financial Services, Inc. (PFS) |
Acquiree: |
Lakeland Bancorp, Inc. (LBAI) |
Details: |
Provident Financial Services, Inc. (NYSE:PFS) ("Provident"), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasdaq: LBAI) ("Lakeland"), the parent company of Lakeland Bank, today announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System (the "Federal Reserve") for Provident and Lakeland to complete their previously announced merger. With this approval, no further regulatory approvals are required to complete the merger. |
Provident Financial Services is a holding company. Through its subsidiary, Provident Bank (the Bank), Co. accepts deposits from the public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, commercial business loans, residential mortgage loans, and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. Co.'s deposit products include savings accounts, checking accounts, interest-bearing checking accounts, money market deposit accounts and certificate of deposit accounts.
PFS SEC Filing Email Alerts Service
Open the PFS Page at The Online Investor » Provident Financial Services is a holding company. Through its subsidiary, Provident Bank (the Bank), Co. accepts deposits from the public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, commercial business loans, residential mortgage loans, and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. Co.'s deposit products include savings accounts, checking accounts, interest-bearing checking accounts, money market deposit accounts and certificate of deposit accounts.
PFS SEC Filing Email Alerts Service
Open the LBAI Page at The Online Investor »
Company Name: |
Provident Financial Services Inc |
Stock buyback: |
PFS buyback |
Website: |
www.provident.bank |
Sector: |
Banking & Savings |
Number of ETFs Holding PFS: |
54 |
Total Market Value Held by ETFs: |
$264.51M |
Total Market Capitalization: |
$1.03B |
% of Market Cap. Held by ETFs: |
25.66% |
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Company Name: |
Lakeland Bancorp, Inc. |
Stock buyback: |
LBAI buyback |
Website: |
www.lakelandbank.com |
Sector: |
Banking & Savings |
Number of ETFs Holding LBAI: |
26 |
Total Market Value Held by ETFs: |
$79.64M |
Total Market Capitalization: |
$734.00M |
% of Market Cap. Held by ETFs: |
10.85% |
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April 19, 2024 1:29 AM Eastern
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