8-K

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): April 22, 2009

PROVIDENT FINANCIAL SERVICES, INC.

(Exact Name of Registrant as Specified in its Charter)

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

830 Bergen Avenue, Jersey City, New Jersey	07306-4599
(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 7.01 Regulation FD Disclosure.

Provident Financial Services, Inc. (the “Company”) will make a presentation at its 2009 Annual Meeting of Stockholders to be held at the Sheraton Newark Airport Hotel, 128 Frontage Road, Newark, New Jersey on Wednesday, April 22, 2009, at 10:00 a.m., local time. The presentation provides an overview of the Company’s business and strategic focus. A copy of the presentation is attached as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed “filed” for any purpose.

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.

Exhibit No.	Description
99.1	Slide presentation to be made at the Company’s 2009 Annual Meeting of Stockholders to be held on April 22, 2009.

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: April 22, 2009	By:	/s/    Paul M. Pantozzi
		Paul M. Pantozzi,
		Chairman and Chief Executive Officer

EXHIBIT INDEX

Exhibit	Description
99.1	Slide presentation to be made at the Company’s 2009 Annual Meeting of Stockholders held to be held on April 22, 2009.

EX-99.1

Annual Meeting

Of Stockholders

April 22, 2009

Exhibit 99.1

Forward Looking Statements

Forward Looking Statements

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

Section

27A

of

the

Securities

Act

of

1933

and

Section

21E

of

the

Securities

Exchange

Act

of

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 in prevailing interest rates, acquisitions

and the integration of acquired businesses, 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.

Company Profile

Company Profile

•

Holding Company for The Provident Bank

–

New Jersey’s oldest bank, founded in 1839

–

82 branches in 10 counties

•

IPO Date: January 2003

•

NYSE Symbol: PFS

•

Market Cap: $696.5 million*

•

Average Daily Volume: 640,000 shares*

*as of 4/17/09

Stock Ownership Profile

Stock Ownership Profile

•

Institutional Ownership:

56.9%

•

Individual Ownership:

26.8%

•

Insider Ownership:

–

Executive Officers & Directors:

8.5%

–

Employee Stock Ownership Plan:

7.8%

Stock Performance

Executive Leadership Team

Executive Leadership Team

•

Paul M. Pantozzi

46 Years           46 Years

–

Chairman & Chief Executive Officer

•

Christopher Martin

28 Years

5 Years

–

President & Chief Operating Officer

•

Donald Blum

30 Years

8 Years

–

EVP & Chief Lending Officer

•

John F. Kuntz

22 Years

8 Years

–

EVP & General Counsel

•

Linda A. Niro

32 Years

30 Years

–

EVP & Chief Financial Officer

Executive Officer

Financial

Services

Experience

With

Provident

Executive Leadership Team

Executive Leadership Team

•

Brian Giovinazzi

32 Years

2 Years

–

EVP & Chief Credit Officer

•

Giacamo Novielli

31 Years

31 Years

–

EVP & Chief Information Officer

•

Michael A. Raimonde

35 Years

2 Years

–

SVP –

Retail Banking

•

Janet Krasowski

30 Years

3 Years

–

SVP –

Human Resources

•

James D. Nesci

17 Years

1 Month

–

SVP –

Wealth Management

Executive Officer

Financial

Services

Experience

With

Provident

Strategic Priorities

Strategic Priorities

•

Provide competitively priced loan and deposit 

products and services

–

Emphasis on customized solutions

•

Build commercial customer relationships

–

Emphasis on increasing commercial ratio of both

loans and deposits

•

Enhance non-interest income

–

Emphasis on Wealth Management

•

Maintain effective management of non-

interest expense

Strategic Priorities

Strategic Priorities

•

Maintain a well-trained, highly motivated

workforce

–

Emphasis on customer service

–

Emphasis on operating efficiency

•

Enhance technology

–

“Virtual Branch”

•

Maximize effectiveness of branch network

–

Open new branches in strong markets

–

Consolidate underperforming branches

Stockholder Value

Stockholder Value

•

Adhering to priorities culminates in:

–

Competitive advantage

–

Profitable growth

–

Increased earnings

–

Enhanced long-term stockholder value

Branch Map

Total Assets

Total Assets

(in $ millions)

(in $ millions)

$5,743

$6,359

$6,549

$4,000

$4,500

$5,000

$5,500

$6,000

$6,500

$7,000

2006

2007

2008

Total Deposits

Total Deposits

(in $millions)

(in $millions)

$3,826

$4,225

$4,226

$3,600

$3,700

$3,800

$3,900

$4,000

$4,100

$4,200

$4,300

2006

2007

2008

Deposit Mix

Deposit Mix

Time   

40.76%

Savings

32.96%

Money

Market

3.05%

NOW

11.69%

Non- Int

DDA     

11.54%

NOW

14.25%

Money Market

17.91%

Savings

20.64%

Time

36.26%

Non-Int

DDA

10.94%

12/31/06

12/31/08

Total Loans

Total Loans

(in $millions)

(in $millions)

$3,783

$4,296

$4,527

$3,400

$3,600

$3,800

$4,000

$4,200

$4,400

$4,600

2006

2007

2008

Loan Mix

Loan Mix

12/31/06

12/31/08

CRE

24.63%

Construction

5.17%

C & I

16.68%

1-

4 Family

39.70%

Consumer

13.82%

Consumer

15.70%

C & I  

13.30%

1-

4 Family

43.00%

Construction

7.50%

CRE 20.40%

Asset Quality

Asset Quality

•

No sub-prime loans

•

No preferred stocks, trust-preferred

securities or CDOs

•

Conservative credit culture

–

Loan underwriting standards

–

Portfolio risk evaluation

–

Proactive collection and loan work-out

practices

Non-Performing Assets to Total Assets

Non-Performing Assets to Total Assets

0.95%

0.56%

0.14%

0.00%

0.10%

0.20%

0.30%

0.40%

0.50%

0.60%

0.70%

0.80%

0.90%

1.00%

2006

2007

2008

Loan Loss Allowance to Total Loans

Loan Loss Allowance to Total Loans

1.05%

0.95%

0.86%

0.80%

0.90%

1.00%

1.10%

2006

2007

2008

Capital

Capital

•

PFS and The Provident Bank exceed

regulatory thresholds to be considered

“well-capitalized”

•

Not participating in federal

government’s Capital Purchase Plan

under TARP