Provident Bank Expands Commercial Real Estate Team in Greater Philadelphia

New lenders to be based in Provident’s Plymouth Meeting regional office

PLYMOUTH MEETING, PENNSYLVANNIA (May 23, 2022): Provident Bank, a leading New Jersey-based financial institution is pleased to welcome two new members to its Commercial Real Estate Leading Team who will serve the Greater Philadelphia Market.

Karl Dahl and Brendan McPhillips, both of Philadelphia, Pa., have joined the Bank as Vice Presidents and CRE Relationship Managers. They will be responsible for originating, evaluating, and structuring CRE loan requests and transactions. Mr. Dahl and Mr. McPhillips will work closely with institutional and private investors, owners and developers to offer a variety of deposit and lending solutions. In addition, they will each manage a portfolio of commercial real estate clients based in the Greater Philadelphia market.  Both are headquartered at Provident’s Plymouth Meeting regional office.

Mr. Dahl has more than 10 years’ experience in financial services.  Prior to joining Provident, he spent 8 years with US Bank as a Commercial Real Estate Relationship Manager, serving the Philadelphia market. He earned a Bachelor’s Degree in Finance from Siena College, Loudonville, NY.

Mr. McPhillips has more than 30 years’ experience in financial services and commercial real estate lending. He previously held senior positions at Key Bank and Citizens Bank, as well as serving in roles with Carey, Kramer, Pettit, Panichelli & Associates, and Joseph Dennis Pasquarella & Company. Mr. McPhillips has a Bachelor’s Degree in Business Administration with a concentration in Finance from Temple University, Philadelphia, PA.

“Brendan and Karl possess solid business development experience and extensive knowledge of commercial real estate in the Greater Philadelphia market,” said Christine Carpenter, Senior Vice President, Regional Director. “Their ability to understand the credit needs of real estate owners and developers will greatly enhance our efforts to grow Provident’s commercial real estate lending portfolio in the Pennsylvania market,” added Carpenter.

Karl Dahl

VP, CRE Relationship Manager

Brendan McPhillips

VP, CRE Relationship Manager

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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 $13.62 billion as of March 31, 2022. With $11.37 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).