---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-015965"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:16:31.658054+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Provident gets Fed approval for Lakeland merger; must issue $200M sub-debt

## Summary
- Federal Reserve approved Provident-Lakeland merger; no further regulatory approvals required.
- Condition: Provident must issue $200M Tier 2 subordinated debt before or concurrent with closing.
- Provident committed to submit capital plan within 60 days post-merger and restrict capital distributions for 2 years.
- Merger expected to close in Q2 2024, subject to sub-debt issuance and customary closing conditions.

## SEC filing metadata
- accession: 0001628280-24-015965
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000162828024015965/0001628280-24-015965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828024015965/pfs-20240411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-015965
- JSON: https://secwatch.observer/filing/0001628280-24-015965.json
- Plain text: https://secwatch.observer/filing/0001628280-24-015965.txt

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