Provident Financial Services Company Profile - Sep 08, 2011

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Provident Financial Services Company Profile - Sep 08, 2011 Powered By Docstoc
					Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   Provident Financial Services, Inc.
                                                                                      440 Wheelers Farms Road
                                                                                      Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in U.S. Dollars

                                 Wright Quality Rating:BCL0                                Key Data

   Provident Financial Services, Inc. is a holding company for The Provident Bank (the     Ticker:
   Bank). The Bank is a New Jersey-chartered capital stock savings bank. The Bank is a     PFS
   community- and customer-oriented bank operating 81 full-service branch offices in
   the New Jersey counties of Hudson, Bergen, Essex, Mercer, Middlesex, Monmouth,          2010 Sales:
   Morris, Ocean, Passaic, Somerset and Union, which the Bank considers its primary
                                                                                           318,256,000
   market area. The Bank attracts deposits from the general 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       Major Industry:
   estate loans, residential mortgage loans, commercial business loans and consumer        Financial
   loans. The Bank also invests in mortgage-backed securities and other permissible
   investments. As of December 31, 2010, the Company had net loans of $4.34 billion,       Sub Industry:
   total deposits of $4.88 billion, and total stockholders' equity of $921.7 million.      Savings & Loan
                       Stock Chart                                 Officers
                                                         Chairman, President & Chief Country:
                                                                 Executive           United States
                                                              Christopher Martin
                                                                                           Currency:
                                                          Executive Vice President &
                                                                                           U.S. Dollars
                                                            Chief Financial Officer
                                                               Thomas M. Lyons
                                                                                           Fiscal Year Ends:
                                                         Executive Vice President,         December
                                                        Secretary & General Counsel
                             
				
DOCUMENT INFO
Description: 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. The Bank is a community- and customer-oriented bank operating 81 full-service branch offices in the New Jersey counties of Hudson, Bergen, Essex, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset and Union, which the Bank considers its primary market area. The Bank attracts deposits from the general 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, residential mortgage loans, commercial business loans and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. As of December 31, 2010, the Company had net loans of $4.34 billion, total deposits of $4.88 billion, and total stockholders' equity of $921.7 million.
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