Provident Financial Services, Inc. Announces Merger with SB One Bancorp
Provident Financial Services, Inc (PFS)
Last provident financial services, inc earnings: 4/30 08:00 am
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Source: GlobeNewswire
ISELIN, N.J., March 12, 2020 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (“Provident”) (NYSE: PFS), the parent company of Provident Bank, and SB One Bancorp (“SB One”) (NASDAQ: SBBX), the parent company of SB One Bank, today announced that they have entered into a definitive merger agreement under which Provident will acquire SB One. The combined organization will have approximately $12 billion in assets and will rank as the 3rd largest bank headquartered in New Jersey. The merger brings together two high-performing companies with complementary geographies and business lines. Provident will acquire all of the outstanding shares of SB One in exchange for common shares of Provident. The exchange ratio will be fixed at 1.357 Provident shares for each share of SB One, resulting in an aggregate transaction value of approximately $208.9 million, based on Provident’s closing stock price on March 11, 2020. The transaction consideration is presently valued at $22.09 per shar
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PFS
Earnings
- 10/29/24 - Miss
PFS
Sec Filings
- 11/12/24 - Form 4
- 11/7/24 - Form 10-Q
- 10/31/24 - Form SC
- PFS's page on the SEC website