Provident Financial launches $200M subordinated notes offering due 2034 for Tier 2 capital

PROVIDENT FINANCIAL SERVICES INC

$200M aggregate principal amount of subordinated notes due 2034 offered in registered public offering.
Notes qualify as Tier 2 capital; proceeds to be invested in Provident Bank for general corporate purposes.
Offering satisfies regulatory conditions tied to the Lakeland Bancorp merger.
Piper Sandler and KBW act as joint book-running managers.
Net proceeds may be used to repay FHLB advances and other indebtedness.

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