ISELIN, N.J. and BETHLEHEM, Pa., Dec. 20, 2013 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) and Team Capital Bank (PRIVATE: PA.) today announced the signing of a definitive agreement under which Team Capital will merge with and into The Provident Bank. Consideration will be paid to Team Capital stockholders in a combination of stock and cash valued at $122 million, based on Provident's closing price of $18.61 on December 19, 2013.
Provident Financial Services, Inc. To Acquire Team Capital Bank As The Provident Bank Expands Its Franchise Into Pennsylvania
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