READING, Pa. -- Meridian Bancorp said it signed a definitive agreement to acquire four southern New Jersey branches from $1.8 billion-asset Provident Savings Bank of Jersey City. Meridian said it will assume $85 million in deposits and purchase $20 million in one- to four-family residential mortgage loans. The offices -- in Cherry Hill, Collingswood, Willingboro, and Maple Shade -- will increase the network of Meridian Bank New Jersey to eight. Meridian has more than 230 branches in Pennsylvania, New Jersey, and Delaware, and $12.1 billion in total assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.