Tranche Update on Provident Financial Services, Inc.'s Equity Buyback Plan announced on October 25, 2007.
January 27, 2017 at 04:57 pm
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From October 1, 2016 to December 31, 2016, the company has repurchased 2,451 shares, representing 0.003846% for $0.06 million. With this, the company has completed the repurchase of 2,933,231 shares, representing 4.8% for $42.79 million under the buyback announced on October 25, 2007.
Provident Financial Services, Inc. is a holding company for The Provident Bank (the Bank). The Bank is a community-oriented financial institution that provides an array of financial products and business and retail services through its network of branches throughout northern and central New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. Its business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset-based lending, equipment financing, small business loans, and lines and cash management services. Its consumer services include online and mobile banking, home equity loans and lines, and mortgage options. It also 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. It operates over 140 branches.