Provident Promotes Three to Retail Banking Leadership Team

ISELIN, NEW JERSEY (October 2, 2019): Provident Bank, a leading New Jersey-based financial institution, today announced the promotion of three executives.  Robert Vivo has been promoted to Senior Vice President, Regional Director and Darleen Gillespie and Paula Palermo will now both serve as First Vice President, Regional Manager and report to Vivo.

Based in Iselin, N.J., Vivo is a seasoned executive with more than 30 years of retail banking experience. In his new role, he will be responsible for coaching and guiding the regional management team to achieve company objectives. He will also be tasked with expanding new business efforts, building effective employee engagement initiatives and executing on the bank’s strategic priorities.  Vivo previously served as a Regional Manager, responsible for the bank’s northeast region.

“Since joining Provident Bank, Robert has been a true team leader, clearly communicating goals while maintaining a strong focus on company values, succession planning, risk management and process improvement,” said Josephine Moran, Executive Vice President, Director of Retail Banking.  “I am pleased to have him lead our team of regional managers based on his deep knowledge of bank policy and procedures and valuable interpersonal skills.”

Gillespie and Palermo previously served as Market Managers and bring extensive banking and financial services expertise to their new roles and will be focused on achieving branch and regional goals as well as meeting customers' needs and providing outstanding levels of customer service. They will be responsible for internal and external sales and marketing programs, branch operations, audit controls, income and expense levels and supporting staff development and training.  Gillespie will lead the bank’s north central region and Palermo will oversee the northeast region.

 “Darleen and Paula are both results-oriented leaders with comprehensive skill sets in marketing, business banking, sales management, retail operations and lending. They have been promoted to the retail leadership team based on their ability to expand and develop business relationships and ensure our teams meet their financial goals,” added Moran.

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 $9.84 billion as of June 30, 2019. With $6.87 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 on Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).