01:04 PM EDT, 05/09/2024 (MT Newswires) -- Provident Financial Services ( PFS ) plans to offer $200 million in subordinated notes due 2034 to satisfy certain regulatory conditions for the merger with Lakeland Bancorp,

Net proceeds will be invested initially in securities and used for general corporate purposes, which may include repayment of Federal Home Loan Bank advances and other debt, Provident said Thursday.

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