Mutual Aid Savings and Loan Association

Status:Inactive as of 05/04/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Mutual Aid Federal Savings and Loan Association
Headquarters:Mutual Aid Savings and Loan Association
Highway 71 & Main Street
Manasquan, NJ 08736
Established:01/01/1923
FDIC Insurance:03/04/1946
FDIC Cert:#30130
Charter Class:
Total Assets:$103,314,000
Total Deposits:$105,011,000

History

1923-01-01Institution established: Original name:Mutual Aid Savings and Loan Association
1990-05-04Placed into government conservatorship.
1990-05-04Institution established: Original name:Mutual Aid Federal Savings and Loan Association (33038)
1990-05-04Failed, went into receivership, and then became part of Mutual Aid Federal Savings and Loan Association (33038)
1991-08-16Acquired after government financial assistance and subsequently operated as part of Provident Savings Bank (12010)
1991-08-16Government conservatorship or bridge bank resolved.
1995-03-10Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
1998-12-23Acquired Monarch Bank, FSB (30213) in KEARNY, NJ
2000-12-11Changed name to The Provident Bank (12010)
2003-01-15Changed organization type to STOCK SAVINGS BANK
2004-07-14Acquired First Savings Bank (30255) in WOODBRIDGE, NJ
2007-04-01Acquired First Morris Bank and Trust (19975) in MORRIS TOWNSHIP, NJ
2014-05-31Acquired Team Capital Bank (58085) in BETHLEHEM, PA
2016-10-01Changed name to Provident Bank (12010)
2020-07-31Moved bank headquarters from MANASQUAN, NJ to Jersey City, NJ
2020-07-31Acquired SB One Bank (22221) in FRANKLIN, NJ