Christopher Martin, chairman andCEO of Provident Financial Services
ISELIN, NJ—Locally-based Provident Financial Services, Inc.announced on Thursday it had signed a definitive merger agreementwith SB One Bancorp where it would acquire the Paramus-based bankfor approximately $208.9 million.
The deal with SB One Bancorp, the parent of SB One Bank, wouldbroaden Provident's operations in both New Jersey and New YorkState. The combined organization will have approximately $12billion in assets and will rank as the third largest bankheadquartered in New Jersey.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
