Provident Financial Services, Inc. and Team Capital Bank Receive Regulatory Approvals for Merger

Provident Financial Services, Inc.

and Team Capital Bank

have received approvals from the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance, and the Pennsylvania Department of Banking and Securities to complete the merger of Team Capital Bank with and into Provident's bank subsidiary, The Provident Bank. The Federal Reserve Board has advised that the merger does not require its approval. The merger remains subject to the approval of Team Capital Bank's stockholders at a special meeting to be held on May 23, 2014. Assuming receipt of stockholder approval, it is anticipated that the transaction will be consummated at the end of May.