Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, will combine in an all-stock merger valued at approximately $1.3 billion.
Provident Bank promoted Walter Sierotko to executive vice president, chief lending officer. Sierotko has more than 30 years of banking experience in commercial real estate lending and credit administration.
Provident Bank and Fundation launched a new digital lending solution to offer a streamlined, end-to-end, lending program for small businesses seeking a business loan or line of credit.
Ivan Trajkovic joined Provident Bank as vice president, relationship manager in the Asset-Based Lending group. Trajkovic was formerly with PNC Business Credit.
Provident Bank added David Apps and William Griffiths to its northern and central market banking teams. Previously, Apps was managing director for RBS, and Griffiths was SVP of commercial lending for Rhinebeck Bank.
Provident Bank announced the expansion of its wealth management services group, filling several new roles. These industry veterans bring experience from Wells Fargo Private Bank, Capital One, JPMorgan and more.