PFS - Provident Financial Services, Inc.

NYSE - NYSE Delayed Price. Currency in USD

Provident Financial Services, Inc.

239 Washington Street
Jersey City, NJ 07302
United States
732-590-9200
http://www.provident.bank

SectorFinancial Services
IndustrySavings & Cooperative Banks
Full Time Employees959

Key Executives

NameTitlePayExercisedYear Born
Mr. Christopher P. MartinChairman, Pres & CEO1.45M366.96k1956
Mr. Thomas M. Lyons CPASr. EVP & CFO815.91k39.17k1964
Mr. John F. Kuntz Esq.Sr. EVP, Gen. Counsel & Corp. Sec.715.35k101.35k1955
Mr. Donald W. BlumExec. VP & Chief Lending Officer of the Provident Bank628.62k151.83k1956
Ms. Valerie O. Murray CFPExec. VP & Chief Wealth Management Officer of Provident Bank565.37kN/A1975
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA, and KEOGH products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, and marine loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides trust and estate administration services; and asset management services comprising investment management, asset allocation, trust and estate administration, financial planning, tax compliance and planning, and family office services to individuals, municipalities, non-profits, corporations, and pension funds. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2018, it operated 84 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

Corporate Governance

Provident Financial Services, Inc.’s ISS Governance QualityScore as of October 4, 2019 is 4. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.