Tag Archives: Provident Bank

Provident Bank Celebrates The Tradition of “The Old Beehive Bank”

Provident Bank 20th Street, Bayonne branch employees: Emeleen Saenz, Michelle Robinson, Heidi William, Alyssa Blanchard, Sha-lynn Andrews and Sofia Estrada celebrate the Provident tradition as Money Bees recalling Provident Bank as the “Old Beehive Bank

The Provident Savings Institution was the first bank in Jersey City and Hudson County and is New Jersey’s oldest mutual savings bank.
Provident formally referred to itself as “The Beehive Bank” and then “The Old Beehive.”

According to historian Barbara Petrick, “A beehive, symbolize[ed] the thrift and industry of many humble workers . . . .” (Petrick 30). In 1843 a local newspaper, the Jersey City Advertiser, described the purpose of the savings bank: “We expect to see deposits made by mechanics, and artisans, laborers, and servants, shopkeepers and apprentices, men and women, boys and girls . . . these will be the proprietors of the beehives” (quoted in Petrick 30). The bank’s earlier association with the local Temperance Society also seems to affirm Gregory’s belief that together the bank and the temperance movement could influence the behavior of the city’s working poor.

Provident Banks Go Red Women Fundraising Campaign

Employees of Provident Bank recently took part in a Go Red for Women fundraising campaign at the bank’s administrative office and branch locations throughout New Jersey and Eastern Pennsylvania to benefit the American Heart Association. 

Employees were encouraged to show their support for the campaign and raise awareness of women’s heart disease by wearing red and making a contribution to the American Heart Association.  Employees who supported the campaign were able to wear jeans to work for the day.

 Provident Bank employees raised more than $3,600, all of which was donated to the American Heart Association.

 Provident Banks go red women's fundraising campaign

Pictured left to right in photo: Daphne Higgins, Heide Calhoun, Khalida Shah, Provident Bank; Catherine Metzendorf, bank customer; Michele Bilicki , Melanie Rodriguez, Provident Bank.



Provident Offers Tips to Teach Kids the ABCs of Money Management

Back-to-school season offers an opportunity to educate students about an important lesson not often taught in the classroom – money management.

“Shopping for new pencils, backpacks and notebooks is exciting for children. Because they have an interest in the things they are purchasing, it’s a great time to educate children about financial responsibility,” said Chris Martin, president and CEO of The Provident Bank. Continue reading Provident Offers Tips to Teach Kids the ABCs of Money Management

Spring Cleaning Your Finances

 Tips for organizing your money from The Provident Bank

When spring fever hits, remember it’s not just your home that needs cleaning up. Spring is also an ideal time to organize and refresh your finances.

“With tax season upon us, we’re already organizing important financial documents. But before filing them away again, it’s a good time to review personal finances and make adjustments for the future,” said Chris Martin, chairman, president and CEO of The Provident Bank.

These seven tips from Provident will help consumers get started:

1. Clear the clutter: To reduce the paperwork pileup, sign-up for online statements and bill pay. And if the receipts and paper statements you have in your filing cabinet are more than three years old, you should sort and shred them.

2. Consolidate accounts: Instead of juggling multiple credit card bills and statements from several checking and savings accounts, see which ones can be closed or consolidated. It makes it easier to monitor activity and it could bump you up to a higher interest rate. However, you may want to hold onto your oldest credit card because the history of your credit impacts your credit score. Continue reading Spring Cleaning Your Finances

Bayonne Laces Up for Relay for Life

Local Residents Raise Thousands of Dollars for the American Cancer Society

The American Cancer Society Relay for Life is a 24-hour event that gives people across the globe the chance to celebrate the lives of those who have battled cancer, remember loved ones lost, and fight back against the disease. Each year, more than 3.5 million people in 5,000 communities in the U.S., along with communities in 20 other countries, take part in Relay for Life to raise funds and awareness to save lives from cancer.


On Friday, June 17, beginning at 6 pm 84 Relay teams will gather at the Don Ahern Veterans Stadium on the Bayonne High School campus for the American Cancer Society’s annual fundraising event that will continue overnight and into Saturday. Throughout the event, teams – which have raised more than $84,000 so far, will be walking and/or running the stadium’s track in support of friends and loved ones affected by cancer. Continue reading Bayonne Laces Up for Relay for Life

Eric Silverman and Paul Silverman, Founders and Principals of SILVERMAN

Livingroom at Hamilton Square in Historic Dowtown, Jersey City
Livingroom at Hamilton Square in Historic Dowtown, Jersey City

“River View Observer Best Pick Developers for Jersey City.” 

Brothers Eric Silverman and Paul Silverman have been developing real estate in Jersey City since 1981, but they are not ordinary developers. While others are making a splash building modern skyscrapers and luxury condos on the waterfront, the Silverman brothers have spent the last three decades quietly transforming former warehouses into mixed-use buildings, schools into residences and abandoned storefronts into fashionable shops throughout Jersey City.

The brothers founded SILVERMAN, now the foremost developer of mixed-use residential buildings, historic landmarks and creative retail destinations in Jersey City, and today serve as a major engine behind the city’s revitalization. The company provides affordable and market-rate housing options to the greater community of Jersey City while building family oriented neighborhoods and supporting local retailers. Continue reading Eric Silverman and Paul Silverman, Founders and Principals of SILVERMAN

Urban Angels Receives $10K Grant from The Provident Bank Foundation

 JERSEY CITY, NJ – Urban Angels, a nonprofit organization providing child care and family support services, recently received a $10,000 grant from The Provident Bank Foundation. The grant will help fund “Project Jumpstart,” a transitional education/occupation program for families receiving assistance from the Temporary Assistance for Needy Families.  Continue reading Urban Angels Receives $10K Grant from The Provident Bank Foundation

Provident Serves as Temporary Outpost for “Operation XO”

Branches to collect items for care packages for soldiers serving overseas

JERSEY CITY, NJ – As America prepares to observe Memorial Day and remember those who made the ultimate sacrifice in the service of our nation, The Provident Bank is partnering with Operation XO to send much-needed care packages to our troops serving in remote locations in Iraq and Afghanistan. From May 21 to June 8, each of Provident’s 80 plus branches will collect donations of toiletries, snacks and other in-demand items. Continue reading Provident Serves as Temporary Outpost for “Operation XO”


The Spirit of Giving

sharingplacedonationReverend Jessica Lambert, president of The Sharing Place food pantry and pastor of St. Paul’s Lutheran Church, was pleased to accept a $650 donation from The Provident Bank President and CEO Chris Martin, just in time for Thanksgiving. In place of their annual food drive, Provident employees opted this year to make financial contributions to the food pantry, so that needy families would have the pleasure of choosing their own holiday favorites. Bank employees purchased Provident VISA gift cards for the food pantry to hand out to those in need, enabling pantry patrons to follow their individual family traditions. Continue reading PROVIDENT EMPLOYEES DONATE TO LARGEST FOOD PANTRY IN HUDSON COUNTY