ISELIN, N.J.--(BUSINESS WIRE)--
The Provident Bank, http://www.providentnj.com,
the oldest community bank operating exclusively in New Jersey for nearly
175 years, has announced that it will provide free overdraft assistance
to those customers whose Social Security and other Federal payments may
be delayed should efforts to raise the debt ceiling not be resolved soon.
“While we remain hopeful that there will be a resolution in Washington
to raise the debt ceiling before Social Security and other payments
could be delayed, we wanted to assure our valued customers that in the
event a solution cannot be found in time, Provident will step forward to
fill the gap should these Federal payments be delayed for even one day.
While we are mindful of not wanting to create any false alarms, we
believe it is prudent to let our customers who receive Social Security
and other federal benefit payments know that we will offer a safety net
so that they will be able to continue to pay their bills and make their
routine purchases,” said Chris Martin, president of Provident Bank.
Details of the program will be available at all Provident Bank branch
locations as of October 25th.
About Provident Bank
With $5.3 billion in deposits, Provident Bank (www.ProvidentNJ.com)
serves its customers via a network of full-service branches throughout
northern and central New Jersey. Provident Bank is the wholly owned
subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which
reported assets of $7.3 billion as of June 30, 2013.
MEDIA:
Kitchen Public Relations
Nina Dietrich,
201-493-8944
ndietrich@kitchenpr.com
or
Brian
Hyland, 212-687-8999
bhyland@kitchenpr.com
Source: Provident Bank