ISELIN, N.J.--(BUSINESS WIRE)--
The Provident Bank, New Jersey’s first and oldest community bank, will
mark 175 years in business on February 27, 2014.
To celebrate its anniversary, the bank will offer refreshments to
visitors at all branches on February 27th, and will host a
gala event that evening at the Liberty House in Jersey City, where the
bank remains headquartered since its inception. In addition, to
commemorate its 175th anniversary, Provident recently
introduced a new logo whose beehive theme embraces the bank’s heritage
while reflecting a modern look more representative of the 21st century.
“The Provident Institution for Savings in Jersey City” was established
by an act of the New Jersey legislature on February 27, 1839, as a
philanthropic organization to help the immigrant poor who fled to
America in search of a better life. The Provident—or “The Old Beehive”
as it came to be known by its logo—began as a meager cache of deposits
amounting to a few hundred dollars kept in a little tin box.
“The Provident Bank serves as an exceptional example of progress and
business evolution, as well as community development,” said Chris
Martin, President, Chairman and CEO of The Provident Bank. “With humble
roots and steady growth, our current position as one of the preeminent
financial services firms in New Jersey is a testament to the timeless
nature of the principles established by the bank’s first active
president, Dudley S. Gregory, who was also the first mayor of Jersey
City.
“Since we have committed deeply to the communities we serve while
staying true to our image of strength and partnership, Provident has
grown into a publicly-owned, multi-faceted financial institution with
branches throughout northern and central New Jersey with more than $7
billion in assets.”
A timeline highlighting the history of The Provident Bank is available
at www.ProvidentNJ.com/timeline.
About The Provident Bank
With $5.2 billion in deposits, The Provident Bank (www.ProvidentNJ.com)
serves its customers via a network of full-service branches throughout
northern and central New Jersey. The Provident Bank is the wholly owned
subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which
reported assets of $7.45 billion as of December 31, 2013.
MEDIA:
The Provident Bank
Brian Hyland, 212-687-8999
bhyland@kitchenpr.com
Source: The Provident Bank