Provident Bank Names General Counsel

Iselin, New Jersey — August 23, 2021 Provident Bank, a leading New Jersey-based financial institution has announced that Bennett MacDougall has joined the Bank as Senior Vice President, General Counsel of Provident Bank and Beacon Trust Company and Deputy General Counsel of Provident Financial Services, Inc. Mr. MacDougall is based in the Bank’s Iselin, N.J. administrative headquarters and is responsible for overseeing all legal affairs of the Bank and its subsidiaries, in addition to providing advice to the Executive Leadership Team on all matters of law and policy.

Mr. MacDougall joins the Bank after serving for six years as chief legal officer of BNY Mellon Investment Adviser, Inc. and the BNY Mellon family of funds, where he oversaw all legal and regulatory matters involving BNY Mellon’s U.S. retail investment management business. Previously, he was a director at Deutsche Bank, where he served as chief legal officer of DWS Investment Management Americas, Inc. and provided legal support to the bank’s global investment management business. Before that, he was vice president at Morgan Stanley and an associate with Dechert LLP, an international law firm. Mr. MacDougall began his legal career at the U.S. Securities and Exchange Commission.

“I am pleased to welcome Ben to our leadership team. He possesses exceptional knowledge of law as it pertains to financial institutions and is uniquely qualified to advise our board of directors, leadership team and organization on legal matters,” said John Kuntz, Senior Executive Vice President, Chief Operating Officer. He brings a wealth of knowledge and expertise to this role which will serve the Bank well as we continue our ongoing commitment to build for the future,” added Mr. Kuntz.

Mr. MacDougall earned his Master of Laws degree from New York University School of Law, his Juris Doctor degree from Drake University Law School, and a Bachelor of Arts degree from The Evergreen State College. He is a member of the Board of Directors and Secretary of Trinity Human Services Corporation.

Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $13.22 billion as of June 30, 2021. With $10.59 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey, as well as Bucks, Lehigh and Northampton counties in Pennsylvania and Queens County in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company and insurance services through its wholly owned subsidiary, SB One Insurance Agency, Inc. For more information about Provident Bank, visit www.provident.bank.

Provident Bank Promotes Walt Sierotko to EVP & CLO

April 16, 2020 —- Provident Bank, a leading New Jersey-based financial institution,  announced today that Walter Sierotko of Pequannock, N.J., has been promoted to Executive Vice President and Chief Lending Officer.  Mr. Sierotko is based in the Bank’s Iselin, N.J. administrative headquarters.

Mr. Sierotko will now be responsible for the strategic direction of the commercial lending function of the Bank, and overseeing the management and development of all of the Bank’s commercial lending lines of business.  In addition, as a member of the Bank’s Executive Management Team, he will work closely with senior leaders to focus on the strategic growth of lending and deposit relationships.

“I’m confident in Walt’s ability to strengthen and lead our overall commercial lending efforts.  Since joining Provident in November 2015, his leadership has contributed to the steady growth and profitability of the Bank’s commercial real estate lending portfolio,” said Chris Martin, Chairman, President and CEO.  “Walt’s expertise and commitment to our lending strategy firmly positions us for the continued growth of our commercial lending business,” added Martin.

Mr. Sierotko has more than 30 years’ banking experience in commercial real estate lending and credit administration.  He previously served as Executive Vice President, Director of Real Estate Lending for Provident.  Mr. Sierotko has also held senior leadership positions with Bank of New York, HSBC, and Wells Fargo.  He earned a Bachelor of Arts in Economics from the University of Maryland.  Mr. Sierotko is a member of NAIOP and serves on the board of the Boys and Girls Clubs of Northwest New Jersey.

About Provident Bank

Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $9.81 billion as of December 31, 2019. With $7.10 billion in deposits, 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.  For more information about Provident Bank, visit www.provident.bank.com.

 

Provident Bank Names New CHRO

Iselin, NJ, March 19, 2020 — Provident Bank, a leading New Jersey-based financial institution, announced today that Carolyn Powell of Mendham, N.J. has joined the bank as Executive Vice President & Chief Human Resources Officer.  Ms. Powell will be based in the bank’s Iselin, N.J. administrative headquarters.  Ms. Powell will be responsible for the organization’s overall HR strategy, including talent acquisition and development, compensation and benefits, employee relations, and HR technology.  As a member of the Executive Management Team, she will help build an engaged, inclusive, and high-performing culture, and will focus on developing and refining the bank’s diversity and inclusion strategy.

“I am pleased to welcome Carolyn to Provident.  She understands dynamic and diverse organizations and knows what it takes to build a best-in-class organizational culture,” said John Kuntz, Senior Executive Vice President, Chief Administrative Officer.  “Her expertise in establishing and transforming human resources functions will be a welcome addition as we look to attract, engage, and develop top talent,” added Kuntz.

Ms. Powell brings more than 25 years of experience in human resources and organizational strategy to the bank.  Most recently, she served as Vice President, Human Resources, with Conduent, a leading business services and solutions company with 65,000 employees worldwide.  Ms. Powell has also held senior leadership roles with Horizon Blue Cross Blue Shield of N.J., Dun & Bradstreet, and ADP.

Ms. Powell holds a Bachelor of Arts in English from Boston University.  She is active in the HR community and is a Certified Executive Coach and Certified Sales Leadership Performance Coach.  Ms. Powell also holds a certification as a Human Capital Strategist from the Human Capital Institute, and a Human Resources Certification from Fairleigh Dickinson University.  In addition, she is a certified Senior Professional in Human Resources (SPHR).

About Provident Bank

Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $9.81 billion as of December 31, 2019. With $7.10 billion in deposits, 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.  For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).