Provident Financial Services, Inc. and Provident Bank Appoint Michael E. Regan to the Boards of Directors

Provident Financial Services adds FDIC veteran to boards

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    <h3>Information</h3>
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    <h3>AI Summary</h3>
    <p>Provident Financial Services announced the appointment of Michael E. Regan to the boards of the company and Provident Bank, effective July 30, 2026. Regan brings more than 35 years of FDIC-regulated governance, risk management, and regulatory-exam oversight, potentially strengthening enterprise risk management and board effectiveness as the company pursues its strategic priorities.</p>
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    <h3>Key Points</h3>
    <ul><li>Provident Financial Services appoints Michael Regan to the boards. Effective July 30, 2026.</li><li>Regan has 35+ years in regulatory risk governance at the FDIC.</li><li>He led safety-and-soundness examinations for institutions from $100M to &gt;$100B.</li><li>Provident says his expertise will strengthen governance and risk oversight.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>Provident Financial Services, Inc. (PFS)</strong>: appointing Regan to the board signals enhanced governance and enterprise risk management, potentially benefiting risk oversight and strategic execution.</li><li><strong>Provident Bank (PFS (subsidiary))</strong>: board-level governance alignment with the parent; may influence risk culture and accountability across the group.</li><li><strong>Beacon Trust Company (Subsidiary)</strong>: fiduciary/wealth management subsidiary; governance oversight could extend to fiduciary services.</li><li><strong>Provident Protection Plus, Inc. (Subsidiary)</strong>: insurance services arm; governance enhancements may impact risk controls and product oversight.</li></ul>
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    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The board appointment underscores a governance-focused approach to growth and risk management; investors should watch for subsequent disclosures on governance changes or risk-management improvements.</p>
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    <h3>Market-Moving</h3>
    <ul><li>FDIC-regulatory expertise adds credibility to governance and risk oversight.</li><li>No immediate earnings impact expected; potential efficiency gains over time.</li><li>Positive governance signal could enhance investor confidence and regulatory perception.</li></ul>
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    <h3>Key Facts</h3>
    <ul><li>Effective date: July 30, 2026.</li><li>Michael E. Regan appointed to the boards of Provident Financial Services and Provident Bank.</li><li>Regan has 35+ years in financial regulation; former Senior Bank Examiner at the FDIC.</li><li>Led examinations for institutions from $100 million to more than $100 billion in assets.</li><li>Education: BS in Finance from Rider University.</li><li>Provident Bank is a wholly owned subsidiary with branches in NJ, PA, and NY; Beacon Trust Company and Provident Protection Plus, Inc. offer fiduciary/insurance services.</li></ul>
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    <h3>Trading Thesis</h3>
    <p>Longer-term governance improvements may modestly support PFS and risk management over 12–24 months.</p>
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    <p>ISELIN, N.J., Aug. 04, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=pcsiRfHY1AWLzOmifDbgqb0RNCWcEFM_8RvtRKOLhGr3AOT0S-mT8InMsTjxQVzPZMdt4qLgCIvl3XvdC0RApk8E0QdVsOAKSghGyC7kfX_Zl8RTQK_6D26tGpJMmdrflGXGy_E06zV48DSyxVY9DCiEnfjwVPMAyZtfPnFOZr_a3hspFi2aatVcFO2bDe7Y" rel="nofollow" target="_blank">Provident Financial Services, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PFS">PFS</a>) (the &#34;Company&#34;) announced today that Michael E. Regan has been appointed to the boards of directors of the Company and its wholly owned subsidiary, Provident Bank, effective July 30, 2026.</p>
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    <h2>Executive Profile: Michael E. Regan</h2>
    <p><strong>Mr. Regan</strong> is a seasoned financial regulatory executive with more than <strong>35 years</strong> of experience overseeing the safety, soundness, governance, and risk management practices of community, regional, and complex financial institutions. During his distinguished career with the Federal Deposit Insurance Corporation (<em>FDIC</em>), he advised boards of directors and executive leadership teams on corporate governance, enterprise risk management, capital adequacy, liquidity oversight, and regulatory compliance.</p>
    <p>As a Senior Bank Examiner with the FDIC, Mr. Regan led complex safety and soundness examinations for financial institutions ranging in size from <strong>$100 million</strong> to more than <strong>$100 billion</strong> in assets. He regularly presented examination findings and strategic recommendations to board audit and risk committees, providing independent assessments of credit risk, operational resilience, cybersecurity preparedness, internal controls, and executive oversight. Throughout his career, he also supervised multidisciplinary examination teams, reviewed merger and acquisition applications, and advised on governance practices, succession planning, and executive compensation risk alignment.</p>
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    <h2>Leadership Quotes on the Board Appointment</h2>
    <p>&#34;We are pleased to welcome Mike to the boards of Provident Financial Services and Provident Bank,&#34; said Christopher Martin, Executive Chairman. &#34;Mike brings exceptional regulatory expertise and a distinguished career dedicated to helping financial institutions strengthen governance, manage risk, and operate safely and soundly. His experience advising boards of directors and executive leadership teams across institutions of all sizes will provide valuable perspective as we continue to execute our strategic priorities, uphold strong corporate governance, and create long-term value for our shareholders. We look forward to benefiting from his insight and counsel.&#34;</p>
    <p>&#34;I am honored to join the boards of Provident Financial Services and Provident Bank,&#34; said Mr. Regan. &#34;Throughout my career, I have appreciated the important role strong governance, prudent risk management, and a customer-focused culture play in building successful financial institutions. Provident has earned an outstanding reputation in each of these areas, and I look forward to working with Chris, my fellow directors, and Tony and the executive leadership team to help support the Company&#39;s continued growth and long-term success.&#34;</p>
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    <h2>Background: Education and Recognition</h2>
    <p>Mr. Regan holds a Bachelor of Science in Finance from Rider University. Throughout his career, he has been recognized for providing independent oversight and strategic guidance on enterprise risk management, regulatory relations, governance effectiveness, and sustainable institutional performance.</p>
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    <h2>About Provident Financial Services</h2>
    <p><strong>Provident Financial Services, Inc.</strong> is the holding company for Provident Bank, a community-oriented bank offering &#34;Commitment you can count on&#34; since 1839. Provident Bank provides a comprehensive array of financial products and services through its network of branches throughout New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc.</p>
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    <h2>Media Contact</h2>
    <p><strong>Keith Buscio</strong><br>Director of Public Relations &amp; Communications<br><a href="https://www.globenewswire.com/Tracker?data=FNKcIMadmtpkeR0-DAtEU52iM3vClCUAIEpcDNrmmTQlp24Fd1bRVBO9TtcTntO-hgK-JgopqN4j0AgAe4kE41_SW3FZSYS8oodrzKn5bM-T8IkvBnlV6uCKaFv2yOLR" rel="nofollow" target="_blank">Keith.Buscio@provident.bank</a></p>
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    <h2>Key Facts at a Glance</h2>
    <ul>
      <li>Appointment: Michael E. Regan to the boards of Provident Financial Services, Inc. and Provident Bank, effective July 30, 2026.</li>
      <li>Company overview: Provident Financial Services, Inc. (NYSE: <strong>PFS</strong>); the holding company for Provident Bank.</li>
      <li>Experience: more than <strong>35 years</strong> of financial regulation and governance experience with the FDIC.</li>
      <li>Examinations: led complex safety and soundness examinations for institutions ranging in size from <strong>$100 million</strong> to more than <strong>$100 billion</strong> in assets.</li>
      <li>Education: Bachelor of Science in Finance from Rider University.</li>
      <li>Governance focus: expertise in corporate governance, enterprise risk management, capital adequacy, and liquidity oversight.</li>
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Provident Financial Services announced the appointment of Michael E. Regan to the boards of the company and Provident Bank, effective July 30, 2026. Regan brings more than 35 years of FDIC-regulated governance, risk management, and regulatory-exam oversight, potentially strengthening enterprise risk management and board effectiveness as the company pursues its strategic priorities.

News insight

Provident Financial Services, Inc. and Provident Bank Appoint Michael E. Regan to the Boards of Directors

AI summary

Sentiment rationale

Key facts

Corporate Developments