Provident Bank Announces an Additional $50,000 in Grants to 5 Non-Profit Organizations

Funding is provided through the FHBNY Small Business Recovery Grant Program

ISELIN, N.J., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, has announced it recently awarded an additional $50,000 in grants to 5 non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The SBRG Program provides funds to benefit the small businesses of FHLBNY members, including farms and non-profit organizations. Through the SBRG Program, members can provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints, and/or rising energy costs.

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“Our continued partnership with the Federal Home Loan Bank of New York allows us to extend meaningful support to organizations that are doing critical work in our communities," said Leonardo Ramos, First Vice President, CRA Officer, Provident Bank. "These additional grants help strengthen local non-profits and ensure they can continue delivering essential programs and services to those who need them most."

As a dedicated member of the FHLBNY, Provident Bank continues to actively invest in the economic vitality of our local neighborhoods by ensuring small businesses and non-profits have the resources necessary to continue thriving.

Each of the following non-profit organizations received a $10,000 grant through the FHLBNY SBRG Program:

Community Food Bank of New Jersey
East Trenton Collaborative
Mercer Street Friends
Oasis
Rescue Mission of Trenton

About Provident Bank

Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.83 billion as of September 30, 2025, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

Media Contact:
Keith Buscio
Keith.Buscio@provident.bank

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a266a9ed-e895-409b-9de1-eb6cae6dec13

FHLBNY Small Business Recovery Grant Group Photo

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