The Online Investor
Financial M&A image Financial M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:54 AM Recent mergers and acquisitions in the Financial M&A category.

Slide #52. Provident Financial Services, Inc. Team Capital Bank

Acquirer: Provident Financial Services, Inc. (NYSE:PFS)
Acquiree: Team Capital Bank
Details: Provident Financial Services, Inc. (NYSE:PFS) and Team Capital Bank (PRIVATE:PA) have received approvals from the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance, and the Pennsylvania Department of Banking and Securities to complete the merger of Team Capital Bank with and into Provident's bank subsidiary, The Provident Bank. The Federal Reserve Board has advised that the merger does not require its approval.

Provident Financial Services is a holding company. Through its subsidiary, Provident Bank (the Bank), Co. accepts deposits from the 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, commercial business loans, residential mortgage loans, and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. Co.'s deposit products include savings accounts, checking accounts, interest-bearing checking accounts, money market deposit accounts and certificate of deposit accounts.

PFS SEC Filing Email Alerts Service


Open the PFS Page at The Online Investor »

Company Name: 
Provident Financial Services Inc
Stock buyback: 
PFS buyback
Website: 
www.providentnj.com
Sector: 
Banking & Savings
Number of ETFs Holding PFS: 
54
Total Market Value Held by ETFs: 
$402.71M
Total Market Capitalization: 
$1.76B
% of Market Cap. Held by ETFs: 
22.84%
 

Open the PFS Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Buy (2.60 out of 4)
11st percentile
(ranked lower than approx. 89% of all stocks covered)

Analysts' Target Price:
PFS Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Financial M&A - Slide 52 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.