Provident Bank to Enter Westchester County Market, Open Commercial Loan Center in Tarrytown

Nov 15, 2007, 00:00 ET from Provident Bank

    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.
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     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