secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL SERVICES INC (PFS)
CIK:        0001178970
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001193125-24-140083
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 2.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident completes merger with Lakeland Bancorp; combined assets $24.5B
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- Lakeland shareholders receive 0.8319 PFS shares per share; combined ownership 58% Provident, 42% Lakeland.
- Pro forma combined: $24.5B assets, $18.8B loans, $18.6B deposits, $2.3B equity; 140 branches.
- Assumed $49.8M trust preferred securities and $150M 2.875% sub notes due 2031.
- Board expanded to 14; Thomas Shara appointed Executive Vice Chairman; five former Lakeland directors added.
- Several Lakeland executives appointed to key roles: Timothy Matteson (CAO), James Nigro (CCO), John Rath (CLO).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178970/000119312524140083/0001193125-24-140083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178970/000119312524140083/d795517d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-140083

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