Provident Financial Services Files 8-K
Ticker: PFS · Form: 8-K · Filed: Oct 18, 2024 · CIK: 1178970
| Field | Detail |
|---|---|
| Company | Provident Financial Services Inc (PFS) |
| Form Type | 8-K |
| Filed Date | Oct 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $1.85 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-k, disclosure, regulatory
TL;DR
PFS filed an 8-K on Oct 18 for an event on Oct 11, no major news.
AI Summary
Provident Financial Services, Inc. filed an 8-K on October 18, 2024, reporting an event that occurred on October 11, 2024. The filing is related to "Other Events" and does not specify any material agreements, acquisitions, or executive changes. The company is a federally chartered savings institution based in Jersey City, New Jersey.
Why It Matters
This 8-K filing indicates a routine disclosure of an event by Provident Financial Services, Inc. to the SEC, requiring public notification.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not disclose any significant financial or operational changes that would immediately impact risk.
Key Players & Entities
- PROVIDENT FINANCIAL SERVICES, INC. (company) — Registrant
- 0000943374-24-000420 (filing_id) — Accession Number
- October 11, 2024 (date) — Date of earliest event reported
- October 18, 2024 (date) — Filing Date
- Jersey City, New Jersey (location) — Principal Executive Offices
FAQ
What specific event is Provident Financial Services, Inc. reporting under 'Other Events'?
The provided text does not specify the nature of the 'Other Events' being reported in this 8-K filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 11, 2024.
What is the filing date of this 8-K report?
This 8-K report was filed on October 18, 2024.
What is the principal executive office address for Provident Financial Services, Inc.?
The principal executive offices are located at 239 Washington Street, Jersey City, New Jersey 07302.
What is the SIC code for Provident Financial Services, Inc.?
The Standard Industrial Classification (SIC) code for Provident Financial Services, Inc. is 6035, which corresponds to Savings Institution, Federally Chartered.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-10-18 16:06:45
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share PFS The New York Stock Ex
- $1.85 million — the dispute with the Bank contributing $1.85 million to a settlement fund. The motion for pr
Filing Documents
- form8k_101124.htm (8-K) — 21KB
- 0000943374-24-000420.txt ( ) — 151KB
- pfs-20241011.xsd (EX-101.SCH) — 4KB
- pfs-20241011_lab.xml (EX-101.LAB) — 21KB
- pfs-20241011_pre.xml (EX-101.PRE) — 16KB
- form8k_101124_htm.xml (XML) — 4KB
01
Item 8.01. Other Events. As previously disclosed by Provident Financial Services, Inc. ("Provident Financial"), on May 22, 2022, a purported class action complaint was filed against Provident Bank (the "Bank") in the Superior Court of New Jersey, which alleges that the Bank wrongfully assessed overdraft fees related to debit card transactions. The complaint asserted claims for breach of contract and breach of the covenant of good faith and fair dealing as well as an alleged violation of the New Jersey Consumer Fraud Act. Plaintiff sought to represent a proposed class of all the Bank's checking account customers who were charged overdraft fees on transactions that were authorized into a positive available balance. The parties mediated the matter on May 28, 2024, and agreed in principle to a settlement resolving the dispute with the Bank contributing $1.85 million to a settlement fund. The motion for preliminary approval of the settlement was filed with the Court on September 23, 2024 and the Court approved the settlement on October 11, 2024. Provident Financial denies any liability or wrongdoing of any kind with the alleged claims referenced in the complaint. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Provident Financial Services, Inc. DATE: October 18, 2024 By: /s/ Thomas M. Lyons Thomas M. Lyons Senior Executive Vice President and Chief Financial Officer