Provident Financial Services, Inc. and Provident Bank Announce Board Changes, Effective May 1, 2021
April 30, 2021 at 11:17 am EDT
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On April 29, 2021, Laura L. Brooks informed the board of directors that she would resign her positions on the boards of directors of Provident Financial Services, Inc. and Provident Bank for personal reasons, effective May 1, 2021. Ms. Brooks’ resignation was not the result of any dispute or disagreement with the Company or its board of directors on any matter relating to the Company’s operations, policies or practices. Effective upon Ms. Brook’s resignation as a director, the size of the Company’s board of directors will be reduced from 14 to 13 members.
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.