Provident Bank Strengthens Commercial Real Estate Team

ISELIN, NEW JERSEY (February 1, 2022): Provident Bank, a leading New Jersey-based financial institution is pleased to welcome two new members to its Commercial Real Estate Lending team.

Paul Ciancimino of Montclair, N.J. has joined the Bank as Senior Vice President, Regional Director for the metro New Jersey/New York region. He is responsible for new business development and the general oversight of all commercial real estate lending activities within this market. In addition, Mr. Ciancimino will manage a team of relationship managers and lending specialists tasked with growing the Bank’s commercial real estate portfolio. He will also be actively involved with coaching and supporting his team to help structure new and existing loans, meeting with customers, reviewing term sheets, and supporting loan approvals.

Mr. Ciancimino has more than 20 years’ experience in financial services and most recently served as Vice President, Senior Relationship Manager, Commercial Real Estate with M & T Bank.

Jamie Pasqualone of Kinnelon, N.J. has joined the Bank as Vice President, Relationship Manager for the metro New Jersey/New York region.  He is responsible for originating, evaluating and structuring commercial real estate transactions, cross-selling bank products, and increasing the Bank’s visibility in the market place.  In addition, Mr. Pasqualone will work closely with institutional and private investors, owners and developers to offer a variety of deposit and lending solutions.  He will also manage a portfolio of commercial real estate clients based in metro New Jersey/New York.

Mr. Pasqualone has more than 10 years’ experience in financial services and previously held the position of Commercial Real Estate Relationship Manager at M & T Bank. He earned a Bachelor’s Degree from Iona College, New Rochelle, N.Y.

 “Paul and Jamie bring solid business development experience and extensive knowledge of the metro New Jersey/New York market to the team,” said Walter Sierotko, Executive Vice President, Chief Lending Officer. “Their ability to understand the credit needs of real estate owners and developers will greatly enhance our efforts to grow Provident’s real estate lending portfolio,” added Sierotko.

 Paul Ciancimino, SVP, CRE Regional Director, Metro NJ/NY

Jamie Pasqualone – VP, CRE Relationship Manager

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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 $13.78 billion as of December 31, 2021. With $11.23 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 or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).