GlobeNewswire·Jun 17, 2026, 8:00 AM ET

Provident Bank Announces $1 Million in Grants to Ten New Jersey Non-Profit Organizations

PFS

Provident Bank awarded $1 million in funding to ten non-profit organizations under the New Jersey Department of Community Affairs Neighborhood Revitalization Tax Credit Program for fiscal year 2026.
The New Jersey Department of Community Affairs served as the intermediary agency between the non-profits & the bank.
Funding will support revitalization plans addressing housing, economic development, entrepreneurship, job training, social services, recreational activities, & open space improvements.
Recipient organizations include Clinton Hill Community Action, HANDS Inc., Isles Inc., Jewish Renaissance Foundation, New Brunswick Tomorrow, New Jersey Community Development Corporation, NORWESCAP, Paterson Habitat for Humanity, Trenton Health Team Inc., & Urban League of Essex County.
Each recipient will utilize funds to revitalize specific neighborhoods such as Upper Clinton Hill, Heart of Orange, East Trenton, Perth Amboy, Esperanza, Great Falls, South Main Street, Eastside, North Trenton, & Fairmount.
The NRTC Program is administered by DCA's Division of Housing and Community Resources to assist neighborhoods at risk of downturn through strategies developed by local residents & non-profits.
Corporations contribute funding to the program in exchange for a 100 percent tax credit against various New Jersey state taxes.
Leonardo Ramos, First Vice President & CRA Officer of Provident Bank, emphasized the bank's commitment to strengthening neighborhoods & improving quality of life.
Provident Bank is the oldest community-focused financial institution in New Jersey, founded in 1839, with $24.20 billion in assets as of March 31, 2026.
The bank operates 140 branches across New Jersey, parts of New York, & Pennsylvania, while offering fiduciary, wealth management, & insurance services through its subsidiaries.