Provident Bank
Provident Bank is the oldest community bank in New Jersey, established in 1839. As a wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), it serves customers throughout New Jersey and Pennsylvania through more than 80 branches and digital banking services.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (10 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Provident Bank ranks #136 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Provident Bank’s 7(a) acquisition lending falls in the $500K-$1M range: 4 loans, 40.0% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 2 | 20.0% | |
| $500K-$1M | 4 | 40.0% | |
| $1M-$2M | 1 | 10.0% | |
| $2M-$3M | 1 | 10.0% | |
| $4M-$5M | 2 | 20.0% |
Industries with highest loan volume
Beer, Wine, and Liquor Retailers
3
loans
$2.2M
avg. amount
Bowling Centers
2
loans
$2.3M
avg. amount
Landscaping Services
1
loans
$655K
avg. amount
Offices of Chiropractors
1
loans
$313K
avg. amount
Child Care Services
1
loans
$2.6M
avg. amount
Limited-Service Restaurants
1
loans
$1.1M
avg. amount
Commercial Printing (except Screen and Books)
1
loans
$594K
avg. amount
10-Year
1.2%
Percentile Ranking
85th
85th percentile
Provident Bank’s median variable rate is + 2.63%, against a market median of Prime + 1.88%, 75 above market.
It priced below the market median in 3 of the last 4 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 3.25% |
| $500K-$1M | Prime + 2.38% |
| $1M-$2M | Prime + 3.25% |
| $2M-$3M | Prime + 1.75% |
| $4M-$5M | Prime + 2.00% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q4 '18 | Prime + 1.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q3 '20 | Prime + 2.00% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q2 '21 | Prime + 2.13% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 4 |
| Q3 '21 | Prime + 2.25% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 9 |
Provident Bank has originated 7(a) acquisition loans in 3 states, most actively in New Jersey (7), New York (2) and Delaware (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| New Jersey | 7 | 70.0% |
| New York | 2 | 20.0% |
| Delaware | 1 | 10.0% |
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