PROVIDENT NEW YORK BANCORP
Sector: Savings and Loans
Latest Quote @ Tue May 5 21:16:29 (15 min delayed)
Last Day's Data
Provident New York Bancorp operates as the holding company for Provident Bank, which provides financial services to businesses and individuals as a savings association. The banks lending activities include originating commercial real estate loans; one-to four-family residential real estate loans; real estate loans secured by first liens on commercial real estate; secured and unsecured commercial loans for the purpose of financing equipment acquisition, expansion, working capital, and other general business purposes. It also originates land acquisition, development, and construction loans to builders; consumer and other loans, including homeowner loans, home equity lines of credit, new and used automobile loans, and fixed-rate installment loans and variable lines of credit; personal loans and loans secured by new or used automobiles. The bank's deposit accounts include savings accounts, NOW accounts, checking accounts, money market accounts, club accounts, certificate of deposits, IRAs, commercial checking accounts for businesses, and other qualified plan accounts. It also accepts municipal deposits and invests funds obtained into investment securities. The bank invests in debt securities issued by the U.S. government and the U.S. agencies, corporate and municipal bonds, corporate debt obligations, preferred and common stock of government agencies and government sponsored enterprises, equity securities, mortgage-backed securities, federal agency obligations, and state and municipal securities. As of September 30, 2005, it operated 35 branches in the Rockland, Orange, contiguous Ulster, Putnam, and Sullivan Counties in New York; and Lodi, New Jersey. Provident New York Bancorp was formerly known as Provident Bancorp, Inc. and changed its name to Provident New York Bancorp in June 2005. The company was founded in 1888 and is headquartered in Montebello, New York.