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
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
SOURCE Provident Bank