the provident bank type public traded as nyse pfs industry finance founded 1839 headquarters jersey city new jersey united states key people christopher martin chairman president & ceo 1 dudley s. gregory first acting president and first mayor of jersey city 1 products financial services net income us 67.3 million 2012 1 total assets us 7.28 billion 2012 1 parent provident financial services inc subsidiaries beacon trust company 1 website https www.provident.bank the old beehive building 239 washington st jersey city provident financial services inc. is the holding company for the provident bank . established in 1839 the provident bank emphasizes personal service and customer convenience in attending to the financial needs of businesses individuals and families in 11 counties in northern and central new jersey . the bank offers a broad array of deposit loan and investment products as well as trust fiduciary and wealth management services through its wholly owned subsidiary beacon trust company . it is the oldest community bank in new jersey . 2 contents 1 corporate history 1.1 acquisition of the first national bank of dunellen 1.2 merger with bloomfield savings bank 1.3 team capital 2 see also 3 references corporate history edit the provident institution for savings was originally chartered by the state of new jersey in 1839 becoming the first mutual savings bank in the history of the state . 3 4 the first president was john f. ellis from 1839 to 1841 . 5 co founder dudley s. gregory became president in 1841 and held the job until his retirement in 1874 . 3 due to the general public mistrust of banks resulting from the panic of 1837 it did not accept its first deposit of 227 until october 16 1843 . 3 the provident was run out of a room in jersey city s temperance hall until moving to the office of treasurer peter bentley in 1846 . 5 by 1875 provident had assets of 3.5 million . 3 a run on the bank occurred on may 12 1882 following the attempted suicide of edmund w. kingsland the bank s treasurer in his office . 6 the run on the bank ceased when an independent audit proved all accounts were in order . 7 kingsland survived the suicide attempt . 8 in 1989 the provident savings bank celebrated its 150th anniversary . acquisition of the first national bank of dunellen edit in 1978 provident acquired the first national bank of dunellen . this was a pioneering move . no one had ever heard of a savings bank buying out a commercial bank . when the deal was complete however provident had increased its assets by 20 million and added two new branch offices dunellen and green brook . 9 10 merger with bloomfield savings bank edit controlled growth solidified provident s status as a stalwart financial institution . a landmark event in the history of both provident and its neighboring competitor bloomfield savings institution was marked in 1983 when they announced a merger that would create a billion dollar plus bank . 9 team capital edit in 2014 provident merged with team capital . 2 see also edit provident institution for sav . v. mayor of jersey city references edit a b c d e provident financial services inc. announces increased fourth quarter and full year earnings for 2012 and declares quarterly cash dividend . snl.com . retrieved 2016 08 21 . a b steven rodas 2014 06 03 . oldest nj community bank merges with pennsylvania based team capital . nj.com . retrieved 2016 08 21 . a b c d doherty joan 1986 . hudson county the left bank . northridge california windsor publications inc. pp. 138 139 . joseph r. vena . provident bank s 175th anniversary continues its legacy as jersey city s hometown bank . nj.com . retrieved 2016 08 21 . a b the provident savings institution of jersey city . jersey city then and now . new jersey city university . 2007 . retrieved march 25 2010 . run on a savings bank ; attempted suicide of a bank officer in jersey city . the new york times . may 13 1882 . retrieved march 25 2010 . the xkw york world tuesday may 16 1882 . pdf . fultonhistory.com . retrieved 2016 08 21 . rootsweb s worldconnect project robert smart . wc.rootsweb.ancestry.com . 2016 08 10 . retrieved 2016 08 21 . a b 1 dead link the first national bank of dunellen in city name state name location . bankencyclopedia.com . 1977 12 30 . retrieved 2016 08 21 . retrieved from https en.wikipedia.org w index.php title provident bank of new jersey & oldid 735578944 categories companies listed on the new york stock exchangebanks based in new jerseycompanies based in jersey city new jerseybanks established in 1839american companies established in 1839hidden categories all articles with dead external linksarticles with dead external links from august 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 21 august 2016 at 18 22 . text is available under the creative commons attribution sharealike license ; 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