Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, will combine in an all-stock merger valued at approximately $1.3 billion.
ADC Therapeutics received the $50 million second tranche under its convertible credit facility with Deerfield Partners following the FDA approval of ZYNLONTA.
ADC Therapeutics entered into a $115 million convertible credit facility with funds affiliated with Deerfield Management Company.
Provident Bank promoted Walter Sierotko to executive vice president, chief lending officer. Sierotko has more than 30 years of banking experience in commercial real estate lending and credit administration.