When did National City buy Provident Bank?
In February 2004, National City Corp. announced that it was acquiring the Cincinnati -based Provident Financial Group, with its lead bank Provident Bank and offices located in Southwestern Ohio and Northern Kentucky, for $2.1 billion in stock. The acquisition was completed in July 2004.
What are provident Bancorp's price targets for the next year?
1 brokerages have issued 12 month price targets for Provident Bancorp's stock. Their forecasts range from $18.00 to $18.00. On average, they anticipate Provident Bancorp's stock price to reach $18.00 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
What companies has National City Bank bought?
1999: National City closes on acquisition of First Franklin Financial Companies. 2004: National City completes $2.1 billion purchase of Cincinnati -based Provident Financial Group. 2004: National City acquired Wayne Bancorp, a bank holding company headquartered in Wooster, Ohio, which operated 26 branches and had $825 million in assets.
When did National City buy Wayne Bancorp?
2004: National City completes $2.1 billion purchase of Cincinnati -based Provident Financial Group. 2004: National City acquired Wayne Bancorp, a bank holding company headquartered in Wooster, Ohio, which operated 26 branches and had $825 million in assets.
When did PNC merge with Provident?
Who was the President of Tradesmens Bank?
What was the tradesmen's railroad?
Does Provident Life and Trust affect its "conservative, constructive service"?
See more
About this website
When did Provident Bank Go Public?
July 2015Yet when the bank's parent company, Provident Bancorp Inc., launched its initial public offering in July 2015 under the ticker PVBC, selling off 47 percent of the company for $48 million, there was a barely a mention in the media on either side of the state border.
How much is Provident Bank worth?
Provident Financial Services net worth as of June 28, 2022 is $1.69B. Provident Financial Services, Inc. is the holding company of The Provident Bank, a community- and customer-oriented banking company.
Who bought Provident Bank Cincinnati?
Pearl bought the Provident Bank Building, designed by Henry Hake and built in 1909, in early 2018. The Indianapolis-based developer anticipates up to $36 million in total costs for redevelopment and repurposing of the Provident, an 11-story, 120,000 square foot building.
What was National City Bank before?
Founded as the City Bank of Cleveland in 1845, its officers invested in a town of 10,000 residents engaged in a modest local trade. During the Civil War, the city grew by leaps and bounds, while the bank took on a new charter as the National City Bank of Cleveland.
Who bought Provident Bank?
M&T BankProvident announced on December 19, 2008 that it was to be acquired by Buffalo-based M&T Bank in western New York State, (formerly Manufacturers and Traders Trust Company, founded 1856) in a $401 million stock-for-stock deal. The buyout was approved by Provident shareholders on April 8, 2009.
What is the asset size of Provident Bank?
Provident celebrates 175 years with $7.5 billion in assets & 77 branches throughout NJ.
Who owns National City Bank?
PNC Financial ServicesNational City Corporation / Parent organizationThe PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. Wikipedia
Who owns National City Mortgage?
National City CorporationNational City Mortgage Co / Parent organizationNational City Corporation was a regional bank holding company based in Cleveland, Ohio, USA, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America. Wikipedia
When did National City Bank become PNC?
In 2008, PNC acquired National City Bank, Cleveland's oldest bank known for its commercial leadership, service to its customers, and its contributions to the community. As PNC upholds the core values of National City, it will also preserve the documents that tell its story.
How much did PNC pay National City Bank?
for $5.58 billion. NEW YORK -- PNC Financial Services pnc, a large, Pittsburgh-based regional bank said Friday that it is buying National City ncc, a struggling Cleveland-based bank, for $5.58 billion. The deal will create the nation's fifth-largest bank by deposits.
What happened to First National City Bank?
"Citicorp" became the holding company's formal name in 1974, and in 1976, First National City Bank was renamed Citibank, N.A. The name change also helped to avoid confusion in Ohio with Cleveland-based National City Corp., though the banks never had any significant overlapping areas except for Citi credit cards issued ...
What happened to National City Mortgage?
PITTSBURGH, Dec. 31 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. announced today that it completed its acquisition of National City Corporation .
Login - Provident Bank
WHY BEACON? When it comes to attaining, preserving, and expanding your assets, you need an experienced wealth management firm to work with you through every financial phase of life, wholly understanding your goals today and tomorrow.
Provident Bank - Loans, Checking, Savings, CDs - Serving NJ, NYC & PA
Commitment You Can Count On. Provident Bank provides personal and business banking services from its 90+ locations throughout New Jersey, New York & Pennsylvania.
Investors Bank
We would like to show you a description here but the site won’t allow us.
Hmm. Looks like your browser's a bit out of date.
Hmm. Looks like your browser's a bit out of date. Hum... parece que su navegador está un poco desactualizado. For a better online banking experience and full site ...
Online Bank Account | Personal Banking | Santander Bank - Santander
Apply for a bank account online with Santander Bank. Enjoy convenient online bank account options from one of the best personal banks.
When did PNC merge with Provident?
The 1983 merger of Provident National Corporation and Pittsburgh National Corporation to form PNC Financial Services brought together two highly-regarded banks, not just for their business philosophy, but also for their support of their regional culture.
Who was the President of Tradesmens Bank?
Banks are typically not breeding grounds for municipal politics, but Tradesmens Bank President George H. Earle was exceptional. Known for his ability to rescue companies in crisis and his antipathy towards bossism, Earle resigned from Tradesmens to run for mayor.
What was the tradesmen's railroad?
Tradesmens was known for its investments in infrastructure, particularly rail lines that serviced the Philadelphia region. Its customer, now remembered as the Reading Railroad, transported anthracite from northeastern Pennsylvania to Philadelphia.
Does Provident Life and Trust affect its "conservative, constructive service"?
In this advertisement placed in the Philadelphia Inquirer, Provident Trust offers reassurance to its customers that its separation from Provident Life and Trust will not affect its "conservative, constructive service." The message also offers practical advice, providing instructions regarding how to adjust legal documents to reflect the new trustee relationship.
How much is the SBA PPP forgiveness 2021?
Excluding this income, net interest margin would be 3.91% for the three months ended March 31, 2021. As of March 31, 2021, there was $1.8 million in SBA PPP fee income remaining to be accreted.
How much is the balance of notes receivable in 2021?
As of March 31, 2021, total assets have increased $46.1 million, or 3.1%, to $1.55 billion compared to $1.51 billion at December 31, 2020.
How much is the increase in debt securities available for sale?
The increase in debt securities available-for-sale of $2.4 million, or 7.5%, resulted primarily from the purchase of a $5.0 million bond offset by principal pay downs on government mortgage-backed securities. Net loans decreased $6.7 million, or 0.5%, and was $1.31 billion as of March 31, 2021 and December 31, 2020.
How much is the increase in 2021?
The increase of $1.1 million, or 19.9%, for the three months ended March 31, 2021 when compared to the same period in 2020 in salary and employee benefits was primarily due to stock based compensation expense and a higher number of sales and operations positions compared to the same period in 2020.
How much is noninterest income in 2021?
Noninterest income increased $8,000, or 0.8%, and was $1.0 million for each of the three months ended March 31, 2021 and 2020. The increase is primarily due to an increase in bank owned life insurance income and other income partially offset by a decrease in other service charges and fees.
How much was write down for 2020?
Write down of other assets and receivables were $2.2 million for the year ended December 31, 2020 compared to zero for the year ended December 31, 2019. In the fourth quarter a write-down of other investments was completed after the Company performed an evaluation and deemed $400,000 impaired.
How much did bank owned life insurance increase in 2020?
Bank owned life insurance income increased $40,000, or 22.3%, due to the purchase of additional insurance policies in 2020. Other service charges and fees decreased $110,000, or 23.9% primarily due to higher average deposit balances, which resulted in decreased overdraft fees.
1.5 Analyst's Opinion
Provident Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Is Provident Bancorp a buy right now?
1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Provident Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Provident Bancorp stock. View analyst ratings for Provident Bancorp or view top-rated stocks.
How has Provident Bancorp's stock been impacted by COVID-19?
Provident Bancorp's stock was trading at $8.86 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PVBC shares have increased by 91.9% and is now trading at $17.00. View which stocks have been most impacted by COVID-19.
Are investors shorting Provident Bancorp?
Provident Bancorp saw a decline in short interest in January. As of January 15th, there was short interest totaling 49,700 shares, a decline of 25.4% from the December 31st total of 66,600 shares. Based on an average trading volume of 39,200 shares, the days-to-cover ratio is presently 1.3 days.
When is Provident Bancorp's next earnings date?
Provident Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, April 28th 2022. View our earnings forecast for Provident Bancorp.
How were Provident Bancorp's earnings last quarter?
Provident Bancorp Inc (NASDAQ:PVBC) issued its quarterly earnings data on Thursday, January, 27th. The bank reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.04.
How often does Provident Bancorp pay dividends? What is the dividend yield for Provident Bancorp?
Provident Bancorp declared a quarterly dividend on Thursday, January 27th. Stockholders of record on Thursday, February 10th will be given a dividend of $0.04 per share on Friday, February 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.94%.
When did National City buy BancOhio?
In March 1984, National City Corp. announced that it was acquiring the Columbus -based BancOhio Bancorp for $310 million in stock and cash. In May 1986, the troubled Cleveland-based Broadview Savings & Loan Company announced that it was selling 18 of its 38 offices to National City for $24 million.
When did PNC take over the National City?
On April 7, 2009, PNC reached a deal with Buffalo -based First Niagara Bank to sell 57 of the branches; First Niagara officially took over those branches on September 8, after the signs were changed over from National City during that year's Labor Day Weekend.
What was the name of the bank that was created in 1973?
1973: A new holding company, National City Corporation, is created with National City Bank (its name shortened from National City Bank of Cleveland) as its lead bank and primary subsidiary. 1975: National City Bank purchases the assets of the failing Northern Ohio Bank for $3.7 million.
When did National City acquire Allegiant Bancorp?
In November 2003, National City Corp. announced that it was acquiring the St. Louis -based Allegiant Bancorp for $475 million in stock. The acquisition was completed in April 2004 for $500 million in stock.
When did Integra Financial Corporation acquire National City?
In August 1995 , National City Corp. announced that it was acquiring the Pittsburgh -based Integra Financial Corporation for $2.1 billion in stock. The acquisition was completed in May 1996 for $2.4 billion in stock.
When did National City buy Harbor Florida Bancshares?
In July 2006, National City Corp. announced that it was acquiring the Fort Pierce -based Harbor Florida Bancshares for $1.1 billion in stock. The acquisition was completed in December 2006.
When did National City acquire First National Bank of Elyria?
The acquisition was completed in January 1976. In December 1975, National City Corp. announced that it was acquiring the Elyria -based First National Bank of Elyria for $4.6 million in cash. The acquisition was completed in August 1976.
When did PNC merge with Provident?
The 1983 merger of Provident National Corporation and Pittsburgh National Corporation to form PNC Financial Services brought together two highly-regarded banks, not just for their business philosophy, but also for their support of their regional culture.
Who was the President of Tradesmens Bank?
Banks are typically not breeding grounds for municipal politics, but Tradesmens Bank President George H. Earle was exceptional. Known for his ability to rescue companies in crisis and his antipathy towards bossism, Earle resigned from Tradesmens to run for mayor.
What was the tradesmen's railroad?
Tradesmens was known for its investments in infrastructure, particularly rail lines that serviced the Philadelphia region. Its customer, now remembered as the Reading Railroad, transported anthracite from northeastern Pennsylvania to Philadelphia.
Does Provident Life and Trust affect its "conservative, constructive service"?
In this advertisement placed in the Philadelphia Inquirer, Provident Trust offers reassurance to its customers that its separation from Provident Life and Trust will not affect its "conservative, constructive service." The message also offers practical advice, providing instructions regarding how to adjust legal documents to reflect the new trustee relationship.