---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-131296"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:47:13.045046+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Provident files risk factors and financials for Lakeland merger; exchange ratio 0.8319, $50M termination fee

## Summary
- Exchange ratio fixed at 0.8319 Provident shares per Lakeland share; no adjustment for price changes.
- Termination fee of $50 million payable by either party under certain conditions if deal fails.
- DOJ consent order requires Lakeland Bank to invest $12M over 5 years in loan subsidy fund and open two new branches.
- Litigation related to merger filed; could delay or prevent completion.
- Historical Lakeland financials (audited FY2023, unaudited Q1 2024) and pro forma combined statements filed as Exhibits 99.2-99.4.

## SEC filing metadata
- accession: 0001193125-24-131296
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000119312524131296/0001193125-24-131296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000119312524131296/d799237d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-131296
- JSON: https://secwatch.observer/filing/0001193125-24-131296.json
- Plain text: https://secwatch.observer/filing/0001193125-24-131296.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.