Provident Bank
Provident Bank is the wholly owned subsidiary of Provident Financial Services, Inc.
- Company typePublic
- Founded1839
- HeadquartersJersey City, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Provident Bank does
Provident Bank is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS) and serves its customers through an extensive network of more than 80 branches throughout New Jersey and Pennsylvania and telephone & online banking systems.
Provident Bank firmographics
Firmographics- Name
- Provident Bank
- Legal name
- Provident Bank
- Website
- https://www.provident.bank
- Company type
- Public
- Founded year
- 1839
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Provident Bank is the wholly owned subsidiary of Provident Financial Services, Inc.
- Ownership category
- akta.pro rank
Provident Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180), Portfolio Management and Investment Advice (523940)
- SIC
- Savings Institutions, Not Federally Chartered (6036), State Commercial Banks (6022)
- akta.pro primary industry
- Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)
Keywords
Where Provident Bank is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Provident Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income earned on loans (residential mortgages, commercial loans, consumer loans) minus interest paid on deposits. Primary revenue driver representing the spread between lending rates and deposit costs. Q2 2026 net interest margin expanded to 3.48%.
- Non-Interest Income: Fee-based income from deposit account fees, wealth management fees through Beacon Trust, loan fees, treasury management fees, and other banking service charges. Q2 2026 non-interest income guidance raised to $29 million quarterly.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Cash Back Checking - Earn unlimited 0.50% cash back on debit purchases with ATM fee refunds nationwide |
| Hybrid | Monthly | Smart Checking - Earn 1.00% APY with no monthly fees |
| Subscription | Monthly | Senior Checking - Free checking for customers 62+ |
| Subscription | Monthly | Basic Checking - No-frills free checking |
| Hybrid | Monthly | Platinum Checking - High-interest checking with relationship benefits |
| Subscription | Monthly | Money Market Account - Tiered interest rates with debit card access |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Provident Bank product offering
Product offeringCore offering
Provident Bank is a community-oriented financial institution offering consumer and commercial banking products through a 140+ branch network across New Jersey, New York, and Pennsylvania, complemented by digital banking channels. Core offerings include checking and savings accounts, residential mortgages and home equity loans, credit cards, commercial lending, treasury management, and wealth management through the Beacon Trust subsidiary and insurance through Provident Protection Plus. The bank is the oldest state-chartered bank in New Jersey, founded in 1839, and operates as a wholly owned subsidiary of publicly traded Provident Financial Services, Inc. (NYSE: PFS) with over $25 billion in total assets.
Product overview
Provident Bank is a community-oriented financial institution offering a comprehensive suite of banking products across personal, business, and digital channels. The core banking platform includes multiple checking and savings account options, home loans, and credit cards, supported by an extensive branch network and digital banking platform. The product ecosystem integrates specialized services through wholly-owned subsidiaries: Beacon Trust (wealth management with $4B+ in assets under administration), Provident Protection Plus (insurance), and Provident Investment Services (securities). Business banking features commercial lending, treasury management services, and merchant/payroll services. Digital banking is provided through ProvidentConnect Online Banking, Mobile Banking apps, and Telephone Banking with Zelle® person-to-person payments integration.
Differentiator
Problem solved
Functional benefit
Brands
- Beacon Trust: Full-service wealth management firm headquartered in Morristown, New Jersey with over $4 billion in assets under administration, providing customized solutions and superior client service
- Provident Protection Plus
- Provident Investment Services
- ProvidentConnect
- The Provident Bank Foundation
Products and services
- Checking Accounts Multiple personal checking account options including Basic Checking, Cash Back Checking (0.50% cash back on debit purchases with ATM fee refunds), Smart Checking (1.00% APY on balances up to $25,000 with qualification), Platinum Checking (tiered interest rates and CD bonus), Senior Checking (free for customers age 62+), and NJ Consumer/NY Basic Checking. Designed for individual consumers and households seeking everyday transaction banking.
- Savings Accounts Personal savings products including Statement Savings (no minimum balance), Money Market Account (tiered interest rates with debit card access), Certificates of Deposit (CDs), and IRAs (Individual Retirement Accounts). Designed for individual savers seeking to grow balances through interest earnings.
- Home Loans Comprehensive residential home financing including Affordable Home Loan Programs, Home Equity loans and lines of credit, Mortgages, and Rates & Resources for comparison. Targeted at individual consumers and homebuyers in the bank's tri-state footprint.
- Credit Cards Personal and business credit card products with various reward structures and benefits, available to consumer and business customers.
- Commercial Banking Business lending and banking services including Commercial Loans, Commercial Real Estate financing, Middle Market Banking, Small Business Loans, Specialty Lending, and Trade Finance. Targeted at small, mid-sized, and middle market commercial clients across multiple industries.
- Business Checking Business deposit accounts including Business Checking with Interest, Commercial Checking, Community Advantage Checking (for nonprofits), Escrow Account Management, and Small Business Checking. Targeted at small and mid-sized business customers.
- Treasury Management Comprehensive cash management services including ACH Origination Services, Lockbox Service, Positive Pay fraud protection, Remote Deposit Capture, Sweep Investment Accounts, Zero Balance Accounts, and Purchasing Card. Targeted at business and commercial clients needing payment, collection, and liquidity management.
- Digital Banking Multi-channel digital banking platform providing Mobile Banking (iPhone/iPad/Android), ProvidentConnect Online Banking, Telephone Banking, Zelle person-to-person payments, Digital Wallets (Apple Pay, Google Pay), and Mobile Banking for Business. Available to consumer and business customers.
- Beacon Trust Wealth Management Full-service wealth management firm headquartered in Morristown, New Jersey with over $4 billion in assets under administration, offering personalized financial planning, investment management, trust, and fiduciary services to high-net-worth individuals and families. Wholly owned subsidiary acquired in 2011.
- Provident Protection Plus Insurance subsidiary offering commercial property, professional liability, flood insurance, workers compensation, and personal lines (auto, homeowners, boat, umbrella) insurance products. Wholly owned subsidiary distributing to consumer and business customers.
- Provident Investment Services Securities and investment services providing a full range of investment products to work with customers through every financial phase of life. Wholly owned subsidiary.
- Merchant Services Payment processing services for business merchants to accept card payments, including a partnership with Clover POS offering a $450 rebate to businesses. Targeted at small and mid-sized business customers.
- Payroll Services Business payroll processing and management services for employers. Targeted at small and mid-sized business customers.
- Student Loans Education financing products for students and families. Targeted at individual consumers seeking higher education funding.
- Municipal & Government Services Specialized banking services for municipal and government entities including IOLTA (Interest on Lawyers Trust Accounts) accounts. Targeted at government/public sector and legal entity clients.
Quantifiable outcome
- Record quarterly revenue of $235 million in Q2 2026
- +4 more outcomes
Companies that use Provident Bank
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Provident Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Provident Bank partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Federal Home Loan Bank of New York (FHLBNY)coreProvident Bank awarded $50,000 in grants to six non-profit organizations through FHLBNY's Small Business Recovery Grant Program. Grants ranging from $5,000 to $10,000 support small businesses facing economic challenges from inflation, supply-chain constraints, and rising energy costs.
- New Jersey Department of Community AffairscoreProvident Bank participated in the New Jersey Neighborhood Revitalization Tax Credit Program for fiscal year 2026, awarding $1 million in grants to ten New Jersey non-profit organizations. The program provides 100% state tax credits for contributions to community-based organizations focused on housing and economic development.
- The Provident Bank FoundationcoreThe Provident Bank Foundation, established in 2003, has granted millions to nonprofit organizations over 20+ years. Joint investment of $50,000 with Provident Bank launched a Crisis Response Fund addressing food insecurity across NJ, NY, and PA, providing five $10,000 grants to local nonprofits.
- Beacon TrustcoreBeacon Trust is a wholly owned subsidiary of Provident Bank providing full-service wealth management with over $4 billion in assets under administration. The firm offers investment management, trust, and fiduciary services from its headquarters in Morristown, New Jersey.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Provident Bank competitors and assessment
Company assessmentDirect peers
- OceanFirst Financial Corp. OceanFirst Financial is a New Jersey-headquartered community bank with similar size (~$14B assets) and overlapping footprint across NJ, NY, and PA. It offers comparable consumer and commercial banking services with a similar relationship-banking model.
- Valley National Bancorp: Valley National is a NJ-based regional bank with approximately $62B in assets operating across NJ, NY, FL, and other states. It competes directly with Provident in consumer and commercial banking across the Northeast metropolitan markets.
- Northfield Bancorp: Northfield Bancorp is a NJ-based community bank with approximately $5B in assets serving Central and Northern NJ through branches, similar to Provident's NJ-focused relationship banking model. It offers comparable deposit and loan products.
- ConnectOne Bancorp: ConnectOne Bancorp is an NJ-based commercial bank with ~$9B in assets operating across NY and NJ. It competes directly with Provident in commercial and consumer banking in the same Northeast metropolitan markets.
- Dime Community Bancshares: Dime Community Bancshares is a NY-based community bank with approximately $13B in assets serving Long Island and the greater NYC metro area, directly overlapping Provident's NY footprint with similar deposit and lending products.
- Flushing Financial Corporation: Flushing Financial is a NY-based community bank with ~$8B in assets serving the NYC metro and Long Island markets. It competes with Provident for deposits and small business lending in the same metropolitan geography.
- Customers Bancorp: Customers Bancorp is a PA-headquartered community bank with ~$22B in assets serving commercial and consumer clients across the Northeast. It operates a similar commercial banking and treasury management model with overlapping PA presence.
- Tompkins Financial Corporation: Tompkins Financial is a NY-based community bank with ~$8B in assets operating across NY and PA. It offers comparable community banking services and wealth management in geographies overlapping with Provident's footprint.
- S&T Bancorp: S&T Bancorp is a PA-based community bank with ~$9B in assets serving western and central Pennsylvania. It competes with Provident's PA branches for consumer and commercial banking relationships in overlapping markets.
Regional players
- NJM Insurance Group / NJM Bank: NJM is a NJ-based mutual insurance company that operates a banking subsidiary serving NJ exclusively. It competes with Provident's NJ branches for consumer and small business banking relationships in the same geography.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Provident Bank social profiles
Digital presenceProvident Bank compliance and trust
Trust signalCompliance1 record
Provident Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Provident Bank leadership team
Management profileNumber of profiles
Profiles11 records
Provident Bank subsidiaries and ownership
Company hierarchySubsidiaries4 records
Provident Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Provident Bank M&A and investment
M&A and investmentM&A
Investments20 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Provident Bank
What does Provident Bank do?
Provident Bank is a community-oriented financial institution offering consumer and commercial banking products through a 140+ branch network across New Jersey, New York, and Pennsylvania, complemented by digital banking channels. Core offerings include checking and savings accounts, residential mortgages and home equity loans, credit cards, commercial lending, treasury management, and wealth management through the Beacon Trust subsidiary and insurance through Provident Protection Plus. The bank is the oldest state-chartered bank in New Jersey, founded in 1839, and operates as a wholly owned subsidiary of publicly traded Provident Financial Services, Inc. (NYSE: PFS) with over $25 billion in total assets.
Is Provident Bank a public or private company?
Provident Bank is a public company. It is classified as public and is currently operating.
When was Provident Bank founded?
Provident Bank was founded in 1839. It employs 1,001 to 5,000 people.
Where is Provident Bank based?
Provident Bank is headquartered in Jersey City, United States, in the North America region.
How does Provident Bank make money?
Two revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income.
Who are Provident Bank's main competitors?
Direct peers on record are OceanFirst Financial Corp., Valley National Bancorp, Northfield Bancorp, ConnectOne Bancorp, Dime Community Bancshares, Flushing Financial Corporation, Customers Bancorp, Tompkins Financial Corporation and S&T Bancorp. NJM Insurance Group / NJM Bank is listed as a regional player.
Does Provident Bank have an API?
No public API is recorded for Provident Bank.
What industry is Provident Bank in?
Provident Bank's product category is Community Banking. Its primary akta.pro industry code is FSABADAE, Private Banking Lending (Securities-Backed, Real Estate, Structured Credit). Its NAICS code is 522110 and its SIC code is 6036.