ISELIN, NEW JERSEY (February 22, 2021): Provident Bank, a leading New Jersey-based financial institution has announced that Raymond Eckhoff of Rumson has been promoted to Vice President, Team Leader with the bank’s commercial lending team.
Mr. Eckhoff is based in the bank’s Iselin office, and is responsible for managing a team of relationship managers and lending specialists who work with small- to mid-sized companies in central New Jersey to grow the bank’s commercial loan portfolio by offering a variety of deposit and lending solutions. In addition, he will be actively involved with coaching and supporting his team to help structure new and existing commercial loans, meeting with customers, reviewing term sheets, and supporting loan approvals. Mr. Eckhoff will continue to manage a loan portfolio and service the lending needs of clients in Monmouth, Ocean, and Middlesex counties.
“I am pleased to have Ray as part of our commercial lending leadership team. He possesses exceptional people skills, extensive knowledge of the market, expertise in lending, and a keen understanding of the credit needs of businesses. Ray will continue to support our efforts to grow the loan portfolio and strengthen our presence in the Central New Jersey market,” said Mark Gueci, Senior Vice President, Regional Director.
Mr. Eckhoff has more than 30 years’ experience in commercial lending and relationship management, and has closed more than $350 million in commercial lending transactions in the central New Jersey market. Prior to his promotion, he was a Relationship Manager serving businesses in Monmouth and Ocean Counties. Mr. Eckhoff earned a Bachelor of Science in Business Administration from the University of Delaware. He is active in the community and serves on the board of the Eastern Monmouth Area Chamber of Commerce, and as Chairman of CPC Behavioral Healthcare.
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 $12.92 billion as of December 31, 2020. With $9.84 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 full service insurance agency and brokerage 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).