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Exciting News!
We are excited that Lakeland Bank has joined Provident Bank, uniting two organizations who have worked side by side for decades and share a passion for providing an exceptional customer experience to local families, businesses, and communities.
Look for new strengths and new banking conveniences in the coming months while you retain the accounts, services, and relationships you value at Provident.
Our commitments to you
More Resources
We’ll be the second largest New Jersey-based bank, with $25 billion in assets, providing even greater stability and lending power to support you and your business.
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In a few months your Provident branch network will expand to more than 140 locations, including an even greater concentration in northern and central New Jersey.
Same Personal Service
We’ll keep the Provident name and stay true to our proud traditions of friendly, personal service—that’s a commitment you can count on.
FAQs
Can you tell me more about Lakeland Bank?
With over 60 branches, mostly in northern and central New Jersey, Lakeland has been part of the local banking landscape for over 50 years. Like Provident, Lakeland is highly regarded for both quality of service and banking expertise, as attested by recent awards from both Forbes and American Banker. Above all, Lakeland shares our commitment to families and local communities, supporting the businesses and nonprofit organizations that help our region thrive. Together, we will be an even stronger and more capable community bank.
Will my current accounts at Provident change in any way?
No, we don’t anticipate any immediate changes to your accounts as a result of this merger. Of course, we’re always looking for new ways to make enhancements to our services, and a fresh infusion of banking talent and expertise from Lakeland will benefit you on many levels in the long run. In the meantime, you can continue to bank as usual.
When will the two banks fully unite?
Although Lakeland is now officially part of the Provident family, our two banks will continue to operate separately for a few months as we plan a smooth transition in service for Lakeland customers.
When can I start banking at Lakeland branches?
Your access to Lakeland locations will occur in two phases:
- Effective immediately, you can withdraw cash from your Provident accounts at any Lakeland ATM with no Provident Bank or Lakeland Bank surcharges.
- When we complete the transition, and Lakeland branches change to Provident systems, you can begin banking at any of the 140 branches in the Provident network.
- In the meantime, please continue to bank at your current Provident branches.
Will any branches close as a result of this merger?
While our Provident and Lakeland branch networks are largely complementary, there are twenty-two locations where overlap exists due to their close proximity to another branch. A careful and thorough review of our combined branch network was undertaken, and we have decided to close either a Provident branch or a Lakeland branch in cases where a single location can serve all of our customers. Consolidations will begin Thursday, August 29, 2024. Affected customers have been notified well in advance and offered multiple channels and resources to support their transition. As of Tuesday, September 3, 2024, our customers may also bank at any of Provident’s 140 branches across our newly expanded network, or through our ProvidentConnect Online Banking and Mobile Banking platforms. We will continue our commitment to deliver exceptional customer experience through our team of dedicated employees.
The following list is organized in alphabetical order by closing branch city.
| Closing Branch Address | Distance between Branches (Miles) | Receiving Branch Address |
| 100 Route 206, Augusta, NJ 07822 | 3.05 | 37 Route 15, Lafayette, NJ 07848 |
| 1260 Broad St., Bloomfield, NJ 07003 | 2.9 | 11 Broad Street, Bloomfield, NJ 07003 |
| 11 Ackerman Ave, Clifton, NJ 07011 | 0.64 | 562 Lexington Ave, Clifton NJ 07011 |
| 2650 Rt. 130 & Dey Road, Cranbury, NJ 08512 | 1.11 | 74 North Main Street, Cranbury, NJ 08512 |
| 55 Broadway, Denville, NJ 07834 | 0.04 | 41 Broadway, Denville, NJ 07834 |
| 180 Main Street, Fort Lee, NJ 07024 | 1.26 | 320-322 Broad Avenue, Leonia, NJ 07605 |
| PO Box 353 399 Route 23, Franklin, NJ 07416 | 1.39 | 25 Rt 23, Franklin, NJ 07416 |
| 3441 US Hwy 9, Freehold, NJ 07728 | 0.34 | 3514 Route 9 South, Freehold, NJ 07728 |
| 25 Main Street, Hackensack, NJ 07601 | 0.5 | 9 Polifly Road, Hackensack, NJ 07601 |
| 140 Mercer Street, Hightstown, NJ 08520 | 0.92 | 509 US 130, East Windsor, NJ 08520 |
| 425 Route 206, Hillsborough, NJ 08876 | 0.34 | 32 New Amwell Road, Hillsborough, NJ 08876 |
| 265 Main Street, Madison, NJ 07940 | 0.78 | 98 Main St, Madison, NJ 07940 |
| 106 E Main St., Mendham, NJ 07945 | 0.16 | 95 E Main St, Mendham, NJ 07945 |
| 151 South Street, Morristown, NJ 07960 | 0.44 | 24 North Park Place, Morristown, NJ 07960 |
| 15 Trinity Street, Newton, NJ 07860 | 0.79 | 11 Hampton House Road, Newton, NJ 07860 |
| 145 Fayette Street, Perth Amboy, NJ 08861 | 0.05 | 339 State St., Perth Amboy, NJ 08861 |
| 2000 Windrow Drive, Princeton, NJ 08540 | 1.98 | 11 Schalks Crossing Road, Plainsboro, NJ 08536 |
| 33 Main Street, Sparta, NJ 07871 | 0.27 | 7 Town Center Drive, Sparta, NJ 07871 |
| 464 Cedar Lane, Teaneck, NJ 07666 | 0.11 | 417 Cedar Lane, Teaneck, NJ 07666 |
| 7 Church Street, Vernon, NJ 07462 | 0.3 | 529 Route 515, Vernon, NJ 07462 |
| 455 Route 23, Wantage, NJ 07461 | 0.47 | 378 Route 23, South Wantage, NJ 07461 |
| 345 Franklin Avenue, Wyckoff, NJ 07481 | 0.21 | 652 Wyckoff Avenue, Wyckoff, NJ 07481 |
I have deposit accounts at both banks. Is there anything I should know?
If you are a customer of both Provident and Lakeland, your accounts will be insured separately through the FDIC until six months after the legal acquisition. For Certificates of Deposit (CDs), FDIC insurance will continue until the maturity date, even if the maturity date comes after the six-month grace period. For CDs that mature during the six-month grace period, if you roll over your CD for the same term and matured CD amount, it will be insured separately until the new maturity date. Nonetheless, you should plan to speak with us if you have accounts at both banks with a combined balance of more than $250,000. We may be able to link your accounts to help satisfy any minimum balance requirements and review the ownership category and titling of your accounts to ensure that you continue to qualify for the maximum FDIC coverage allowed by law.
Where can I find out more?
Here are a few resources to explore regarding our merger:
- Our Press Release describes the thinking behind our decision to unite our two banks.
- Our Welcome Center, designed to introduce Lakeland Bank customers to Provident, can also provide you with details about the upcoming transition.
In addition, please feel free to speak with your Provident banker or call us at 800.448.7768 Monday through Friday, 8:00 AM - 7:00 PM and Saturdays, 9:00 AM - 2:00 PM for additional details or answers to your questions.