GBNY vs PFS

Generations Bancorp NY Inc.

Generations Bancorp NY, Inc. operates as a holding company for Generations Bank that provides various banking products and services. The company offers various deposit accounts, including demand, NOW, money market, savings, and certificates of deposit accounts. It also provides one- to four-family residential real estate loans; commercial real estate loans that are secured by office buildings, hotel and motels, wineries, manufacturing facilities, churches, retail and mixed-use properties, and light industrial properties; multifamily loans, which are secured by five or more-unit residential buildings; secured loans to professionals, sole proprietorships, and small businesses for commercial, corporate, and business purposes; manufactured home loans; automobile loans; home equity loans and lines of credit; construction loans; student loans; recreational vehicle loans; and other secured and unsecured consumer loans, such as loans secured by boats and savings deposits. In addition, it invests in securities, which include municipal bonds issued by states, local municipalities, and schools in the northeastern United States; and mortgage-backed securities issued by U.S. government sponsored entities and Federal Home Loan Bank of New York stock, as well as offers insurance and other financial products. It operates through main office located in Seneca Falls, New York; and eight full-service branch offices, one drive-through facility, and one in-store branch located in a Wal-Mart super center located in Albion, Auburn, Farmington, Geneva, Medina, Phelps, Seneca Falls, Union Springs, and Waterloo, New York. The company was founded in 1870 and is headquartered in Seneca Falls, New York.

Provident Financial Services Inc

Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2020, it operated 99 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.