Provident Bank of New Jersey
| Type | Public |
|---|---|
| Traded as | NYSE: PFS |
| Industry | Finance |
| Founded | 1839 |
| Headquarters | Jersey City, New Jersey, United States |
| Key people | Christopher Martin, President & CEO[1] Paul M. Pantozzi, Chairman[1] Dudley S. Gregory, Founder |
| Products | Financial services |
| Revenue | US$340,101 (2007) |
| Net income | US$85,648 (2007) |
| Total assets | US$6,806,257,000[2] |
| Total equity | US$778,972,000[2] |
| Parent | Provident Financial Services, Inc |
| Website | http://www.providentnj.com/ |
Provident Financial Services, Inc. is the holding company for The Provident Bank. Originally established in 1839, The Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of businesses, individuals and families in northern and central New Jersey. The bank offers a broad array of deposit, loan, trust and investment products through its network of 84 branches and its telephone and web-based banking services.
Contents |
[edit] Corporate information
[edit] Origin of corporate name
[edit] Corporate history
The Provident Institution for Savings was originally chartered by the State of New Jersey in 1839, becoming the first mutual savings bank in the history of the state.[3] The first President was John F. Ellis from 1839 to 1841.[4] Co-founder Dudley S. Gregory became President in 1841 and held the job until his retirement in 1874.[3] Due to the general public mistrust of banks resulting from the Panic of 1837, it did not accept its first deposit of $227 until October 16, 1843.[3] The Provident was run out of a room in Jersey City's Temperance Hall until moving to the office of Treasurer Peter Bentley in 1846.[4] By 1875, Provident had assets of $3.5 million.[3]
A run on the bank occurred on May 12, 1882 following the suicide of Edmund W. Kingsland, the bank's Treasurer, in his office.[5]
[edit] Monarch Take Over
[edit] First Morris Take Over
[edit] See also
[edit] References
- ^ a b "Investor Relations: Officers and Directors". http://www.snl.com/irweblinkx/od.aspx?iid=4080424. Retrieved December 1, 2009.
- ^ a b "Consolidated Reports of Condition and Income for A Bank With Domestic Offices". FFIEC.gov. September 30, 2009. http://cdr.ffiec.gov/Public/ViewFacsimileDirect.aspx?ds=call&idType=fdiccert&id=12010&date=09302009. Retrieved December 1, 2009.
- ^ a b c d Doherty, Joan (1986). Hudson County: The Left Bank. Northridge, California: Windsor Publications, Inc. pp. 138–139.
- ^ a b "The Provident Savings Institution of Jersey City". Jersey City: Then and Now. New Jersey City University. 2007. http://www.njcu.edu/programs/jchistory/Pages/P_Pages/Provident_Bank.htm. Retrieved March 25, 2010.
- ^ "Run on a Savings Bank; Attempted Suicide of a Bank Officer in Jersey City". The New York Times. May 13, 1882. http://query.nytimes.com/mem/archive-free/pdf?res=9A06E3D8113EE433A25750C1A9639C94639FD7CF. Retrieved March 25, 2010.
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