UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): July 26, 2007
                                                           -------------

                       PROVIDENT FINANCIAL SERVICES, INC.
                       ----------------------------------
             (Exact Name of Registrant as Specified in its Charter)

    Delaware                      001-31566                 42-1547151
---------------------         --------------------          ----------
(State or Other Jurisdiction) (Commission File No.)         (I.R.S. Employer
      of Incorporation)                                      Identification No.)


830 Bergen Avenue, Jersey City, New Jersey                     07306-4599
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(Address of Principal Executive Offices)                       (Zip Code)

Registrant's telephone number, including area code:  (201) 333-1000
                                                     --------------

                                 Not Applicable
                                 --------------
          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CFR 240.13e-4(c))




Item 8.01  Other Events.
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     Consistent with its ongoing efforts to manage expenses and create operating
efficiencies,  The Provident Bank, the  wholly-owned  savings bank subsidiary of
Provident  Financial Services,  Inc. (together,  the "Company") will implement a
voluntary resignation program scheduled to be completed in the fourth quarter of
2007. This voluntary program will be offered to certain employees who have 20 or
more years of service with the Company.  The offer will not be made to employees
who work in or oversee the operation of the Company's  retail branch  offices or
to members of executive management.  Approximately 50 employees,  or 5.0% of the
Company's 988 full-time equivalent  employees,  fit the criteria for eligibility
and will be offered the program.

     Under the  voluntary  resignation  program,  an  employee  who  accepts the
proposal  will be offered  severance  and  continuation  of  health,  dental and
insurance  benefits for a fixed period of time following his or her  termination
date.  In the event that all of the  employees  who are  offered  the  voluntary
resignation  program  accept the offer,  the projected  one-time  expense to the
Company, net of tax, would be approximately $3.7 million. After giving effect to
the  estimated  cost to hire  replacements  for  employees  serving in  critical
functions, the projected annual cost savings, net of tax, would be approximately
$1.7 million. It is anticipated that the one-time expense would be recognized in
the third quarter of 2007.

     There can be no assurance as to the number of employees  who may accept the
voluntary resignation program proposal. As a result, the actual one-time expense
and annual cost savings  cannot be  determined  at this time.  In addition,  the
Company's  ability to realize the projected  annual cost savings may be impacted
if the actual number of replacement  employees  exceeds the estimate used by the
Company.  The Company will explore  technology  solutions and re-staffing to the
extent feasible to lessen the need to hire in those instances.


Item 9.01. Financial Statements and Exhibits

          (a) Financial Statements of Businesses Acquired. Not applicable

          (b) Pro Forma Financial Information. Not applicable

          (c) Shell company transactions. Not applicable

          (d) Exhibits. Not applicable








                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                       PROVIDENT FINANCIAL SERVICES, INC.



DATE:  July 27, 2007                   By: /s/ Christopher Martin
                                           -----------------------
                                           Christopher Martin, President