ProvidentBank to Provide Free Overdraft Assistance to Customers Receiving
Social Security and Other Federal Payments Should Government Benefit
Payments Be Delayed Due to Possible Debt Ceiling Breach
ISELIN, N.J. -- October 15, 2013
The Provident Bank, http://www.providentnj.com, the oldest community bank
operating exclusively in New Jersey for nearly 175 years, has announced that
it will provide free overdraft assistance to those customers whose Social
Security and other Federal payments may be delayed should efforts to raise the
debt ceiling not be resolved soon.
“While we remain hopeful that there will be a resolution in Washington to
raise the debt ceiling before Social Security and other payments could be
delayed, we wanted to assure our valued customers that in the event a solution
cannot be found in time, Provident will step forward to fill the gap should
these Federal payments be delayed for even one day. While we are mindful of
not wanting to create any false alarms, we believe it is prudent to let our
customers who receive Social Security and other federal benefit payments know
that we will offer a safety net so that they will be able to continue to pay
their bills and make their routine purchases,” said Chris Martin, president of
Details of the program will be available at all Provident Bank branch
locations as of October 25^th.
About Provident Bank
With $5.3 billion in deposits, Provident Bank (www.ProvidentNJ.com) serves its
customers via a network of full-service branches throughout northern and
central New Jersey. Provident Bank is the wholly owned subsidiary of Provident
Financial Services, Inc. (NYSE:PFS), which reported assets of $7.3 billion as
of June 30, 2013.
Kitchen Public Relations
Nina Dietrich, 201-493-8944
Brian Hyland, 212-687-8999
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