---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-131310"
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: "2026-06-02T21:47:13.203616+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Provident Financial gets regulatory approvals for Lakeland merger; must raise $200M sub-debt

## Summary
- FDIC, Fed, and NJ DOI approved merger with Lakeland Bancorp; conditions include $200M Tier 2 subordinated debt raise.
- Merger agreement extended to June 30, 2024; completion expected in Q2 2024.
- Provident Bank must maintain Tier 1 leverage ≥8.5% and total capital ratio ≥11.25% for three years post-merger.
- Pro forma consolidated Tier 1 leverage ratio 7.82% and total RBC 12.16% after $200M sub-debt issuance.
- Loan portfolio diversification: pro forma CRE (incl. multi-family) / total RBC = 491%, C&D / total RBC = 45.5%.

## SEC filing metadata
- accession: 0001193125-24-131310
- 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: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000119312524131310/0001193125-24-131310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000119312524131310/d831179d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-131310
- JSON: https://secwatch.observer/filing/0001193125-24-131310.json
- Plain text: https://secwatch.observer/filing/0001193125-24-131310.txt

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