The Provident Bank is pleased to announce the grand opening of its new Commercial Lending Office at 460 E. Swedesford Road in Wayne, PA.
The Metro Philadelphia location will initially house eight experienced team members including R. Bud Miller, Regional President; Suk Chang, Senior Vice President, Relationship Manager; Bud Jackson, Vice President, Relationship Manager; Michael Schreiber, Senior Vice President, Relationship Manager; and Christine Carpenter, Vice President, Commercial Real Estate; along with a support staff consisting of underwriters, a portfolio manager, a lending specialist and loan closer.
“With Provident Bank’s ongoing growth in the Philadelphia region, we decided this was the right time to expand our team and potentially, our wealth management footprint,” said R. Bud Miller, Regional President, The Provident Bank. “Our new office provides tremendous access to Philadelphia, as well as Delaware, Chester, and Montgomery counties.”
The Provident Bank is one of the few regional banking institutions remaining with assets between $5B and $20B. The new Wayne loan office marks the sixth location in Pennsylvania for the Bank, which currently has branches throughout Lehigh, Northampton and Bucks counties in addition to the 83 locations in NJ. The new office is strategically-positioned near King of Prussia P.a., and is easily accessible from Interstates 76 and 476, as well as Routes 202 and 422. A central hub for Metro Philadelphia, the space offers opportunity for expansion and flexibility as the team grows.
“The acquisition of smaller banks by larger financial institutions and employee layoffs is becoming all too familiar, however we are proud to be doing just the opposite,” adds Miller. “We are neither small nor large. We are hiring and growing. We are the right-size bank to get deals done.” From $500,000 to $50 million, our team is able to underwrite, approve and close loans by understanding customer needs and providing financial solutions to meet them.
For more than 175 years, The Provident Bank has served individuals, families, organizations and businesses within its local communities. As a community partner, the bank strives to deliver a mix of innovative services and social impact that makes a real connection in the communities it serves – always with “Commitment You Can Count On.”
About The Provident Bank
The Provident Bank, (www.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 $9.03 billion as of March 31, 2016. With $6.15 billion in deposits, The 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.
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