Roman Didkivskyi
Provident Financial (NYSE:PFS) and Lakeland Bancorp (NASDAQ:LBAI) agreed to extend their merger agreement to March 31, 2024, to provide more time to obtain required regulatory approvals, the companies said on Wednesday. They also maintained that they’re committed to the merger and obtaining regulatory approvals. Providents (PFS) agreed in September 2022 to acquire Lakeland (LBAI) in an all-stock transaction valued at ~$1.3B at the time. The following February, the shareholders of both companies approved the transactions required to complete the merger.