Slide Presentation to be made at the 2006 America's Community Bankers Conference

America’s Community Bankers

Community Bank Investors Conference

November 2, 2006

Exhibit 99.1

Certain statements contained herein are "forward-looking statements" within the meaning of

Section

27A

the

Securities

Act

1933

and

Section

21E

the

Securities

Exchange

Act

1934. Such forward-looking statements may be identified by reference to a future period or

periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect,"

"estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative

of those terms. Forward-looking statements are subject to numerous risks and uncertainties,

including, but not limited to, those related to the economic environment, particularly in the market

areas in which Provident Financial Services, Inc. (the “Company”) operates, competitive

products and pricing, fiscal and monetary policies of the U.S. Government, changes in

government regulations affecting financial institutions, including regulatory fees and capital

requirements,

changes

prevailing

interest

rates,

acquisitions

and

the

integration

acquired

businesses, in particular, risks and uncertainties associated with the successful merger with, and

integration of the operations of, First Morris Bank & Trust, credit risk management, asset-liability

management, the financial and securities markets and the availability of and costs associated

with sources of liquidity.

The Company wishes to caution readers not to place undue reliance on any such forward-

looking statements, which speak only as of the date made. The Company wishes to advise

readers

that

the

factors

listed

above

could

affect

the

Company's

financial

performance

and

could

cause the Company's actual results for future periods to differ materially from any opinions or

statements expressed with respect to future periods in any current statements. The Company

does not undertake and specifically declines any obligation to publicly release the result of any

revisions which may be made to any forward-looking statements to reflect events or

circumstances after the date of such statements or to reflect the occurrence of anticipated or

unanticipated events.

Forward Looking Statements

Additional Information

Provident will file with the Securities and Exchange Commission (SEC) a registration statement, a

prospectus that will also serve as the proxy statement for the vote of the stockholders of First Morris, and other

relevant documents concerning the proposed transaction. Stockholders of First Morris are urged to read the

registration statement and the prospectus when it becomes available and any other relevant documents filed with

the SEC, as well as any amendments or supplements to those documents, because they will contain important

information. You will be able to obtain a free copy of the prospectus, as well as other filings containing

information about Provident at the SEC’s Internet site (http://www.sec.gov). Copies of the prospectus and the

SEC filings that will be incorporated by reference in the prospectus can be obtained, without charge, by directing

a request to John F. Kuntz, General Counsel, Provident Financial

Services, Inc., 830 Bergen Avenue, Jersey City,

NJ 07306, tel: (201) 333-1000.

Corporate Profile

•

A $5.8 billion community bank

•

Shares traded on NYSE: ticker symbol PFS

•

Market capitalization: $1.22 billion

•

76 retail offices serving 10 counties in northern and

central New Jersey

•

Third largest Bank headquartered in New Jersey

•

Announced Acquisition of First Morris Bank & Trust

October 16, 2006

–

$571 million in Assets

–

9 Branches in affluent Morris County

BALANCE SHEET:

9/30/06

12/31/05

Total assets

$5,823,997

$6,052,374

Total loans

$3,757,736

$3,739,122

Total deposits

$3,946,233

$3,921,458

Total investments

$1,269,890

$1,537,665

Total borrowings

$809,696

$996,552

Total stockholders' equity

$1,013,162

$1,076,295

Financial Highlights

3rd Quarter 2006 Comparisons

(Dollars in thousands)

INCOME STATEMENT:

9/30/06

9/30/05

Net income

$40,305

$43,728

Diluted earnings per share

$0.65

Return on equity

5.15%

5.28%

Return on assets

0.92%

0.93%

Net interest margin

3.28%

3.35%

Efficiency ratio

60.58%

59.34%

9 months ended

Financial Highlights

3rd Quarter 2006 Comparisons

Ongoing Strategies for

Earnings-per-Share Growth

•

Managing Our Franchise

–

Resource Management Challenges

–

Balance Sheet Management and Positioning

–

Asset Quality Maintenance

•

Managing Our Capital

–

Share Repurchase Programs

–

Cash Dividends

–

Focused and Rational Market Expansion

Resource Management

Core Revenue Driver is Net Interest Income

Flat Yield Curve Presents Challenges: Preserving NIM

3.38%

3.43%

3.27%

3.31%

3.34%

3.33%

3.17%

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Net Interest Margin (%)

Resource Management

$29.9

$30.1

$30.2

$29.5

$30.0

$33.2

$31.4

$32.3

$34.3

874

893

961

926

915

913

898

892

895

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Non-Interest Expense (in millions)

# of FTEs

Managing Overhead Costs

Increasing Workforce Productivity

Includes $1.4 million

voluntary resignation

initiative

Balance Sheet Management

Decreasing Dependence on Investment

Securities and Wholesale Borrowings*

($ in millions)

$1,900

$1,782

$1,708

$1,635

$1,538

$1,451

$1,327

$1,270

$1,239

$1,166

$1,109

$1,100

$970

$875

$822

$1,997

$1,048

$784

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Investment Securities

Borrowings*

* Excludes Subordinated Debentures

Balance Sheet Management

Originating Loans to Drive Revenue

$3,712

$3,655

$3,660

$3,661

$3,690

$3,406

$3,720

$3,716

70.9%

65.1%

65.8%

66.7%

67.7%

68.9%

62.6%

72.6%

73.9%

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Avg Net Loans (in millions)

Loans as a % of Avg Earning Assets

Balance Sheet Management

Loan Portfolio Mix: Continuing Emphasis on

Commercial Loans

12/31/05

Residential

Mortgage

47%

Consumer

15%

Construction

Commercial R.E.

19%

Commercial &

Industrial

11%

9/30/06

Residential

Mortgage

44%

Consumer

16%

Construction

Commercial R.E.

22%

Commercial &

Industrial

11%

Balance Sheet Management

12/31/05

Non-Interest

DDA

12%

Time Deposits

37%

MMA

Savings

35%

NOW

13%

Deposit Mix: Re-affirming Core Customer Relationships/

Defending our Market Share

9/30/06

Non-Interest

DDA

11%

Time Deposits

41%

MMA

Savings

34%

NOW

11%

Consistent Performance

Non-performing Assets as a % of Total Assets

0.26%

0.25%

0.23%

0.22%

0.23%

0.19%

0.12%

0.10%

0.11%

0.13%

0.09%

0.10%

0.08%

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

Mid-Atlantic Banks & Thrifts*

PFS

Asset Quality Maintenance

* SNL Quarterly Bank and Thrift Digest

•

Completed first program 4th Quarter 2004:

–

approximately 4.0 million shares repurchased

•

Completed second program 3rd Quarter 2005:

–

approximately 3.7 million shares repurchased

•

Third program authorized July, 2005:

–

approximately 3.6 million shares authorized for repurchase

•

Fourth program authorized April, 2006:

–

approximately 3.4 million shares authorized for repurchase

–

approximately 0.2 million shares left for repurchase as of September 30, 2006

•

Fifth program authorized July, 2006:

–

approximately 3.3 million shares authorized for repurchase

•

18.2% of issued and outstanding shares repurchased since IPO

Capital Management

Share Repurchases

Stockholder Value via steady Cash Dividend Increases

Cash Dividend Declared

$0.04

$0.05

$0.06

$0.07

$0.08

$0.09

$0.10

Apr-03

July-03

Jan-04

Jan-05

Apr-05

Oct-05

Apr-06

Current

Dividend

Yield

2.15%

(based

10/23/06

price

$18.58)

Capital Management

Cash Dividends

Disciplined Approach to

Market Expansion

Continuing to Seek Out Accretive Acquisition

Opportunities

•

focus on existing footprint and contiguous markets

•

evaluating potential transactions that are additive to

the franchise and earnings

•

must add long-term stockholder value

Current Footprint

76 Branch Offices Serving 10 Counties in

Northern and Central New Jersey

Enhancing Franchise Value

Enhancing Franchise Value

Acquisition of First Morris Bank & Trust Adds 9

Branches in Morris County

Focusing on Markets with

Strong Demographics

2006 Median Household

Income ($)*

Projected Growth

2006 - 2011 (%)*

Middlesex

75,672

16.62

Monmouth

78,682

19.07

Morris

96,695

19.53

NJ State Median

66,848

17.05

U.S. National Median

51,546

17.77

Middlesex

Monmouth

Morris

New Jersey

Provident Deposit Market Share Rank*

# 9 of 155 Institutions

# 5 of 45 Institutions

# 11 of 32 Institutions

# 8 of 34 Institutions (Pro-Forma)

* Source: SNL

Financial/ESRI

Source: SNL Financial as per FDIC/SOD at 6/30/06.

Data is pro-forma for pending mergers and excludes

brokerage/institutional deposits.

Strategic Expansion into Highly

Attractive Morris County

Summary of Significant Terms

FMJE’s 60.2% loan to deposit ratio provides

opportunity

to substitute higher yielding loans for

lower yielding securities

Potential Revenue From

Incremental Lending Synergies:

Fixed at 2.1337 Provident shares for each FMJE share

Exchange Ratio:

Tax-free exchange with election mechanism

Transaction Structure:

39% of FMJE’s expenses

Estimated Cost Savings:

$124.1 million

Transaction Value:

50% stock / 50% cash

Consideration:

$39.75

Purchase Price per Share:

1 Quarter 2007

Expected Close:

FMJE shareholders

Customary regulatory approvals

Required Approvals:

•

Accretive to both GAAP and Cash EPS without assumed asset

substitution

•

Double digit internal rate of return without assumed asset

substitution

•

Significantly expands Provident’s presence in demographically

attractive Morris County Market

•

Moves Provident from 26 to 8 position with a 4.5% market

share in one of New Jersey’s best banking markets

•

Enhances Provident’s organic growth profile

•

Commercial / CRE orientation of loan portfolio continues

Provident’s transition to a more commercial-like balance sheet

Compelling

Transaction

Economics

Franchise

Enhancing

Transaction Rationale

•

Cash portion of consideration to be funded from cash and low-

yielding short-term securities

•

Strong pro forma tangible common equity ratio of 9.6% will

support continued share repurchases, de novo expansion and

accretive franchise-enhancing acquisitions

Effective

Deployment of

Conversion

Proceeds

•

Positioned to take advantage of return to

normalized yield curve

•

Anticipate increased new branch activity in

conjunction with branch rationalization

•

Redoubling efforts to expand small-business

customer relationships

•

Ongoing expense management

•

Ongoing asset quality maintenance

Looking Ahead

America’s Community Bankers

Community Bank Investors Conference

November 2, 2006