Provident Bank and The Provident Bank Foundation Launch Crisis Response Fund to Address Food Insecurity

Core Insights - Provident Bank and The Provident Bank Foundation have launched a Crisis Response Fund to support nonprofit organizations addressing food insecurity amid rising demand [1][2] - The initiative involves a joint investment of $50,000, with $10,000 grants awarded to five nonprofit organizations providing essential food access programs [2][3] - The fund aims to provide immediate assistance to nonprofits in specific counties, helping them meet increased demand for meals and groceries, particularly due to funding gaps from the recent U.S. government shutdown [2][4] Company Overview - Provident Bank, founded in 1839, is the oldest community-focused financial institution in New Jersey, with assets totaling $24.83 billion as of September 30, 2025 [6] - The bank operates over 140 branches across New Jersey and parts of New York and Pennsylvania, offering a range of financial solutions and services [6][8] Nonprofit Support - The Crisis Response Fund will support organizations such as The Salvation Army, Franklin Food Bank, Jewish Family & Children's Service, Jewish Family Service of the Lehigh Valley, and Bayonne Economic Opportunity Foundation [3][7] - These organizations provide critical services, including meal distribution and food assistance, to vulnerable populations, highlighting the urgent need for support in the community [4][7] Foundation Mission - The Provident Bank Foundation, established in 2003, focuses on supporting nonprofit organizations that foster strong, inclusive communities through grants in Education, Human Services, and Workforce Development [9] - Since its inception, the Foundation has awarded over $30 million to organizations that drive meaningful community change [9]