Provident Bank Expands Commercial Lending Team with Key Hires

ISELIN, NEW JERSEY (April 1, 2022): Provident Bank, a leading New Jersey-based financial institution is pleased to welcome four new members to its Commercial Lending team to support the Bank’s plans to grow its commercial deposits and loan portfolio.

Lee Ehudin and Adam Kuras have joined the Bank as First Vice Presidents/Commercial Lending Team Leaders for Provident’s North Jersey region. Both Mr. Kuras and Mr. Ehudin are responsible for managing their respective teams of commercial lending relationship managers and lending specialists to provide creative commercial loan, deposit and wealth management solutions to meet the needs of small to mid-sized companies across the Provident Bank footprint. Both Mr. Kuras and Mr. Ehudin will also manage a loan portfolio and service the lending needs of existing clients.

Lee Ehudin- FVP, Commercial Lending Team Leader

Mr. Ehudin has more than 15 years’ experience in commercial lending and most recently served as Vice President, Senior Commercial Loan Officer at ConnectOne Bank. Mr. Ehudin holds a Bachelor of Science with a concentration in Finance from Montclair State University, Montclair, N.J.

Adam Kuras- FVP, Commercial Lending Team Leader

 Mr. Kuras has more than 25 years’ experience in financial services and most recently served as First Senior Vice President, Chief Lending Officer with Unity Bank. Mr. Kuras holds a Bachelor of Science in Business Administration from Rutgers University, New Brunswick, N.J.

Provident also announced that Nick Mileo has joined the Bank as Vice President, Commercial Lending Relationship Manager for the Metro commercial lending team. He is responsible for originating, evaluating and structuring complex loan requests and transactions for the Metro NY/NJ market.   He will also work closely with accounting firms, law firms, intermediaries, and trade associations to source new business.

Mr. Mileo has more than 15 years’ experience in banking and most recently served as Director, Business Banking at Capital One Bank. Mr. Mileo holds a Master of Business Administration with a concentration in finance and a Bachelor of Science with a concentration in accounting, both earned from Saint Joseph’s University, Philadelphia, Pennsylvania. 

Nick Mileo, VP, Commercial Lending Relationship Manager

In addition, Provident welcomed John Reda as a Relationship Manager for the Bank’s SBA lending team. Mr. Reda is responsible for soliciting credit-worthy prospects and customers in an effort to develop new business, increase and retain existing business within the framework of the policy and procedures of the Bank and SBA loan programs.  He will also promote profitable growth of the loan portfolio and ensure an exceptional customer experience.

Mr. Reda has several years’ experience in financial services and most recently served as a Franchise Sales Specialist at Advantage Capital/First Bank of the Lake, Osage Beach, Missouri. Prior to that, he served as an Internship Analyst at Nova Capital Global Partners Investment Bank, New York. Mr. Reda holds a Bachelor’s Degree in Law from SUNY Cortland.

John Reda, SBA Relationship Manager

“I am pleased to welcome Lee, Adam, Nick, and John to the team.  Each brings with them a distinct skill set, along with extensive knowledge of our markets and the lending needs of businesses,” said Steve Guidette, Market President, NJ & NY Commercial Lending. “They understand our business strategy and know what is needed to drive results and deliver best-in-class banking solutions to our clients,” added Guidette.

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).