Provident Bank to Enter Westchester County Market, Open Commercial Loan Center in Tarrytown
MONTEBELLO, N.Y., Nov. 15 /PRNewswire-FirstCall/ -- Provident Bank today announced that it will open a Commercial Loan Center in Tarrytown, N.Y., the first step in a planned expansion into Westchester County. The office will be open on or about December 1. (Logo: http://www.newscom.com/cgi-bin/prnh/20070824/NYF060LOGO ) The Commercial Loan Center will be located at the Talleyrand Office Park, 200 White Plains Road and will provide a full range of financing for small and mid-sized businesses, including mortgages, lines of credit, construction and equipment financing and SBA loans. Provident Bank Senior Vice President Bill Lamadore and Regional Vice President Vincent DeLucia will lead the team of six employees based in Tarrytown. "Westchester County has a robust economy with a large number of growing small and mid-sized businesses," said George Strayton, President and Chief Executive Officer of Provident Bank. "Provident Bank's new Westchester Loan Center will give the county's entrepreneurs the financing, local expertise and fast, local decision making they need to thrive in today's challenging economy." The Commercial Loan Center is the beginning of an expansion into Westchester by Provident Bank, which already has 33 branches throughout the Hudson Valley region. During the next few years, Provident Bank will be looking at opportunities to expand its presence in Westchester County, including offices providing a full range of personal and business banking and lending services to meet the needs of the county's businesses. "Westchester County needs more locally focused, community banks like Provident," said Stephen G. Dormer, Executive Vice President of Commercial Lending and Strategic Planning. "Many of Westchester's community banks have been merged out of existence during the past few years. Provident Bank will fill that void by providing local commercial relationship managers who know their customers, invest in the community and provide the quick decisions business owners need. Our experienced commercial lending officers have an average of 25 years of experience in serving business customers." Provident Bank provides a comprehensive array of services for small and mid-sized businesses. In addition to a variety of checking, savings, mortgage and loan products, Provident Bank offers remote check deposit, payroll management and merchant credit card processing - services that can be essential for a company to thrive and grow to the next level. Headquartered in Montebello, N.Y., Provident Bank, with $2.8 billion in assets, is an independent full-service community bank. Provident Bank operates 33 branches serving the Hudson Valley region, including one office in Bergen County, N.J. The bank offers a complete line of commercial, retail and wealth management services. Visit the Provident Bank Web site at www.providentbanking.com.
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