Provident Bank of New Jersey

Lakeland Bancorp Announces Third Quarter Results

Retrieved on: 
Thursday, October 26, 2023
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Net interest margin for the third quarter of 2023 decreased 15 basis points to 2.68% from 2.83% in the prior quarter and decreased 60 basis points from 3.28% in the third quarter of 2022.

Key Points: 
  • Net interest margin for the third quarter of 2023 decreased 15 basis points to 2.68% from 2.83% in the prior quarter and decreased 60 basis points from 3.28% in the third quarter of 2022.
  • Nonperforming assets decreased 27% to $13.4 million, or 0.12% of total assets, for the third quarter of 2023 compared to $18.4 million in the third quarter of 2022 and $16.1 million in the linked quarter.
  • Net interest income for the third quarter of 2023 of $68.9 million decreased $11.4 million compared to the third quarter of 2022.
  • The cost of interest-bearing liabilities for the third quarter of 2023 was 2.96% compared to 0.94% for the third quarter of 2022 and 2.59% for the second quarter of 2023.

LPL Financial Welcomes Five-Advisor Team to Its Institution Services Platform

Retrieved on: 
Monday, May 15, 2023
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CHARLOTTE, N.C., May 15, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Indya Kellman, Tim Mol, CFP®, and Pier Mutovic have joined LPL’s Institution Services platform, aligning with Affinity Federal Credit Union’s wealth management program.

Key Points: 
  • CHARLOTTE, N.C., May 15, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Indya Kellman, Tim Mol, CFP®, and Pier Mutovic have joined LPL’s Institution Services platform, aligning with Affinity Federal Credit Union’s wealth management program.
  • Affinity Investment Services joined LPL’s Institution Services platform in 2018 to help streamline operations, increase productivity and grow its investment services program.
  • “Each advisor brings tremendous talent to enhance our existing Investment Services program and positions Affinity Investment Services as an innovative leader in the wealth management space.
  • “We had other options, but we chose to go to Affinity Investment Services and LPL,” he said.

Stronghold Digital Mining Reports Fourth Quarter and Full Year 2022 Results and Provides Operational Update

Retrieved on: 
Wednesday, March 29, 2023
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NEW YORK, March 29, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the fourth quarter and full year 2022 and provided an operational update.

Key Points: 
  • NEW YORK, March 29, 2023 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the fourth quarter and full year 2022 and provided an operational update.
  • “Since the second quarter of 2022, we have announced several agreements to reduce our debt, strengthen our balance sheet, and improve Stronghold’s liquidity position.
  • During the fourth quarter of 2022, Stronghold earned 447 Bitcoin through its mining operations, a decline of approximately 21% from the 567 Bitcoin mined during the third quarter of 2022.
  • Stronghold generated $0.9 million of capacity revenue during the fourth quarter, which was flat from the third quarter and down 53% year-over-year versus the $1.9 million generated during the fourth quarter of 2021.

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. Announce the Receipt of Shareholder Approvals in Connection with Proposed Merger

Retrieved on: 
Wednesday, February 1, 2023
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ISELIN, N.J. and OAK RIDGE, N.J., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasdaq: LBAI) (“Lakeland”), the parent company of Lakeland Bank, today announced the receipt of their respective stockholder and shareholder approvals in connection with the proposed merger of Lakeland with and into Provident.

Key Points: 
  • ISELIN, N.J. and OAK RIDGE, N.J., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasdaq: LBAI) (“Lakeland”), the parent company of Lakeland Bank, today announced the receipt of their respective stockholder and shareholder approvals in connection with the proposed merger of Lakeland with and into Provident.
  • The closing of the proposed merger remains subject to regulatory approvals and certain other customary closing conditions.

ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – HVBC, LBAI, BNFT, SRYB

Retrieved on: 
Wednesday, January 25, 2023
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Under the terms of the agreement, HVBC shareholders are expected to receive either 0.400 shares of Citizens or $30.50 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, HVBC shareholders are expected to receive either 0.400 shares of Citizens or $30.50 in cash per share they own.
  • Lakeland Bancorp, Inc. (Nasdaq: LBAI ), relating to its proposed merger with Provident Financial Services, Inc.
  • Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
  • Under the terms of the agreement, SRYB shareholders will receive 0.7159 shares of First Community per share they own.

ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – LBAI, LMST, SRYB, IMRA

Retrieved on: 
Wednesday, January 18, 2023
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Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.

Key Points: 
  • Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
  • It is free and there is no cost or obligation to you.
  • Under the terms of the agreement, LMST shareholders are expected to receive 0.90 shares of People’s per share they own.
  • Under the terms of the agreement, IMRA shareholders are expected to own approximately 16% of the combined company.

EQUITY ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – HZN, SAFE, LBAI, SAL

Retrieved on: 
Wednesday, January 11, 2023
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Under the terms of the agreement, HZN shareholders are expected to receive $1.75 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, HZN shareholders are expected to receive $1.75 in cash per share they own.
  • Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
  • Salisbury Bancorp, Inc. (Nasdaq: SAL ), relating to its proposed merger NBT Bancorp, Inc.
  • Under the terms of the merger, SAL shareholders will receive 0.745 shares of NBT per share they own.

EQUITY ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – RBA, SAL, LBAI, SRYB

Retrieved on: 
Wednesday, January 4, 2023
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Salisbury Bancorp, Inc. (Nasdaq: SAL ), relating to its proposed merger NBT Bancorp, Inc.

Key Points: 
  • Salisbury Bancorp, Inc. (Nasdaq: SAL ), relating to its proposed merger NBT Bancorp, Inc.
  • Under the terms of the merger, SAL shareholders will receive 0.745 shares of NBT per share they own.
  • Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
  • Under the terms of the agreement, SRYB shareholders will receive 0.7159 shares of First Community per share they own.

Provident Financial Services, Inc. Schedules Fourth Quarter and Year-End Earnings Conference Call

Retrieved on: 
Tuesday, January 3, 2023
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ISELIN, N.J., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter and year ended December 31, 2022 on Friday, January 27, 2023 at approximately 8:00 a.m. (ET).

Key Points: 
  • ISELIN, N.J., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter and year ended December 31, 2022 on Friday, January 27, 2023 at approximately 8:00 a.m. (ET).
  • A copy of the earnings release will be immediately available on the Company’s website, www.Provident.Bank , by going to Investor Relations and clicking on Press Releases.
  • Representatives of the Company will hold a conference call for investors on January 27, 2023 at 10:00 a.m. (ET) to discuss the Company’s fourth quarter and full year financial results.
  • Information about the conference call is as follows:

EQUITY ALERT: Contact the M&A Class Action Firm Regarding Its Investigation of the Merger – LBC, KNBE, LBAI, SRYB

Retrieved on: 
Wednesday, December 28, 2022
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Under the terms of the agreement, LBC shareholders will receive 0.3353 shares of Washington per share they own.

Key Points: 
  • Under the terms of the agreement, LBC shareholders will receive 0.3353 shares of Washington per share they own.
  • Under the terms of the agreement, KNBE shareholders are expected to receive $24.90 in cash per share they own.
  • Under the terms of the merger, LBAI shareholders will receive 0.8319 shares of Provident per share they own.
  • Under the terms of the agreement, SRYB shareholders will receive 0.7159 shares of First Community per share they own.