Provident Bank Will Close Bloomfield Branch Due To Lakeland Merger

BLOOMFIELD, NJ — Provident Bank will be closing a branch in Bloomfield this summer as it carries out a high-profile merger with Lakeland Bank.

A company spokesperson told Patch that the Brookdale branch at 1260 Broad Street in Bloomfield is scheduled to close at 3 p.m. on Friday, Aug. 30. Customer accounts and relationships are being transferred to the nearby branch at 11 Broad Street in Bloomfield.

The company’s statement continued:

“For our customers who bank at the branches that are being consolidated, we have provided this notification well in advance of these closures and we will be communicating directly with them and commit to a smooth transition. Discussions with affected employees occurred in advance of external notifications. As with prior branch consolidations, we strive to prioritize placement of impacted employees into open positions that may become available.”

Customers can also visit any of Provident’s other branch locations or use its online and mobile banking systems.

According to Provident, it has been carrying out a “careful review of our combined branch office network” as part of the merger with Lakeland Bank.

“We have decided to consolidate certain nearby branch offices into single locations that can effectively serve our customers and local communities,” the company said Wednesday.

Provident announced that the merger was completed last month. On a pro forma basis, the combined company will have approximately $24.5 billion of assets, $18.8 billion of loans, deposits of $18.6 billion, and total stockholders’ equity of $2.3 billion. The combined company will operate under the “Provident Financial Services, Inc.” name, and the combined bank will operate under the “Provident Bank” name and will operate 140 branches across New Jersey and parts of New York and Pennsylvania.

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