Provident Bank Announces $50,000 in Grants to 11 Small Businesses and 4 Non-Profit Organizations

Core Points - Provident Bank awarded a total of $50,000 in grants to 11 small businesses and 4 non-profit organizations through the FHLBNY Small Business Recovery Grant Program [1] - The SBRG program provides grants of up to $10,000 to qualifying small businesses facing economic challenges due to various factors [1][2] - The initiative aims to support the financial well-being of local establishments and enhance their ability to serve customers [2] Company Overview - Provident Bank, founded in 1839, is the oldest community-focused financial institution in New Jersey and a wholly owned subsidiary of Provident Financial Services, Inc. [4] - As of September 30, 2024, Provident Bank has assets totaling $24.04 billion and operates 140 branches across New Jersey and parts of New York and Pennsylvania [4] - The bank offers a range of financial solutions, including fiduciary and wealth management services through its subsidiary, Beacon Trust Company [4]