The Provident Bank, a unit of Iselin, NJ-based Provident Financial Services, Inc. has named Walter “Walt” Sierotko of Pequannock, Executive Vice President & Commercial Real Estate Director. In his new role, Sierotko will be responsible for The Provident Bank’s $2.6 billion commercial lending portfolio, credit quality management and asset retention, in addition to leading the division’s daily operations.
“We know that Walt’s extensive experience and expertise in commercial real estate, business development and credit will allow him to succeed in the growth of this portfolio and Provident Bank’s Commercial Real Estate Lending as a whole,” said Donald Blum, EVP & Chief Lending Officer of The Provident Bank. “We are excited to welcome Walt and we wish him success in his new position.”
Sierotko spent the majority of his career in leadership positions in commercial real estate lending and credit with Wells Fargo Bank, N.A., and Bank of New York. Most recently, he was Senior Credit Officer of Real Estate for HSBC Bank USA, NA.
Sierotko is a current board member of the Boys and Girls Club of Northwest New Jersey, in addition to chairing the Finance Committee. He holds a Bachelor of Arts Degree in Economics from the University of Maryland.
The Provident Bank, (www.providentnj.com) a community-oriented bank offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $8.9 billion as of September 30, 2015. The Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey and eastern Pennsylvania. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company.