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Larry Favre of Metuchen, N.J. has joined as Senior Vice President, Deputy Lending Officer in the bank’s Lending Division. In this newly created position, he will be responsible for assisting with the review and approval of commercial loans. In addition, Favre will be actively involved with the bank’s Relationship Managers to help structure new and existing commercial loans, meeting with customers, reviewing term sheets and supporting loan approvals.
“I am pleased to add Larry to our Commercial Lending team. He brings with him extensive expertise in lending and a keen understanding of the credit needs of businesses, which will greatly enhance our efforts to maintain exceptional credit quality and continued growth of our commercial loan portfolio,” said Don Blum, Executive Vice President, Chief Lending Officer, Provident Bank.
Favre has over 25 years’ experience in commercial credit and lending, and most recently was Senior Vice President, Senior Credit Officer with Valley National Bank, where he was a member of the bank’s Senior Loan Committee. He has held senior leadership positions with J.P. Morgan Chase, First Niagara Bank, FleetBoston, and GE Capital. Favre holds a Bachelor’s degree in Accounting from the University of Connecticut.
About Provident Bank
Provident Bank, a community-oriented bank offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $9.85 billion as of December 31, 2017. With $6.71 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 and eastern Pennsylvania. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company. For more information about Provident Bank, visit or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).