Provident Bank
FDIC #12010
📍 Jersey City, New Jersey
Provident Bank is a commercial bank (si) established in 02/28/1839. With assets of $14.08 Billion, it operates 145 domestic branches.
Customer Reviews
5 ★
Based on 1 ratings
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★★★★★ Gary T
March 12, 2020
[-] online banking service has been unavailable for over [-] days. Our debit card [-] not work. Calls to customer service have been unsuccessful with waiting times over 20 minutes with no answer and finally hanging up with disappointment, 2020.03.12.2015 PST.
Community Reinvestment Act (CRA) Rating
Latest Exam: February 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
February 1, 2022
Satisfactory
February 1, 2019
Satisfactory
July 1, 2015
Outstanding
💰 Financial Strength
Total Assets$14.08 Billion
Total Deposits$10.18 Billion
Equity Capital$1.58 Billion
Net Income$103.24 Million
📈 Performance
ROA0.99%
ROE8.70%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established02/28/1839
FDIC Cert12010
Holding CoProvident Finl Services Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 7:00 PM
Friday9:00 AM - 6:00 PM
Saturday9:00 AM - 1:00 PM
SundayClosed
📜 Institutional History
2020
Merger / Acquisition
Acquired: Sb One Bank
2020
Relocation
Moved HQ to: 239 Washington St, Jersey City, NJ 07302.
2016
Name Change
Name became: Changed Institution Name To Provident Bank.
2014
Merger / Acquisition
Acquired: Team Capital Bank
2007
Merger / Acquisition
Acquired: First Morris Bank And Trust