---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-136204"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:23:16.794148+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Provident Financial Services prices $225M 9% subordinated notes due 2034, upsized from $200M

## Summary
- $225M aggregate principal of 9.00% Fixed-to-Floating Rate Subordinated Notes due 2034; upsized from previously announced $200M.
- Interest at 9% fixed to May 15, 2029, then floating at Three-Month Term SOFR + 476.5 bps, payable quarterly.
- Offering to satisfy regulatory conditions for merger with Lakeland Bancorp; net proceeds invested in Provident Bank.
- Notes qualify as Tier 2 capital; redeemable at par after May 15, 2029; mature May 15, 2034.
- Joint book-running managers: Piper Sandler & Co. and Keefe, Bruyette & Woods.

## SEC filing metadata
- accession: 0001193125-24-136204
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000119312524136204/0001193125-24-136204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000119312524136204/d748877d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-136204
- JSON: https://secwatch.observer/filing/0001193125-24-136204.json
- Plain text: https://secwatch.observer/filing/0001193125-24-136204.txt

## Key facts
- Material Agreements
  PROVIDENT FINANCIAL SERVICES INC entered into Underwriting Agreement with Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc. valued at $225,000,000 (effective 2024-05-09).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc.
  - Value: $225,000,000
  - Effective: 2024-05-09
  source text: On May 9, 2024, Provident Financial Services, Inc. (the “Company”) and Provident Bank, the wholly-owned subsidiary of the Company, entered into an underwriting agreement (the “Underwriting Agreement”) with Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc., as representatives of the underwriters named therein (the “Underwriters”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178970/000119312524136204/0001193125-24-136204-index.htm

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