Provident Promotes Sierotko to EVP, Chief Lending Officer
April 16 2020 - 8:00AM
Provident Bank, a leading New Jersey-based financial
institution, announced today that Walter Sierotko of
Pequannock, N.J., has been promoted to Executive Vice President,
Chief Lending Officer. Mr. Sierotko is based in the Bank’s
Iselin, N.J. administrative headquarters.
Mr. Sierotko will now be responsible for the strategic direction
of the commercial lending function of the Bank, and overseeing the
management and development of the Bank’s commercial lending lines
of business. In addition, as a member of the Bank’s Executive
Management Team, he will work closely with senior leaders to focus
on the strategic growth of lending and deposit relationships.
“I’m confident in Walt’s ability to strengthen and lead our
overall commercial lending efforts. Since joining
Provident in November 2015, his leadership has contributed to
the steady growth and profitability of the Bank’s commercial real
estate lending portfolio,” said Chris Martin, Chairman, President
and CEO. “Walt’s expertise and commitment to our lending
strategy firmly positions us for the continued growth of our
commercial lending business,” added Martin.
Mr. Sierotko has more than 30 years’ banking experience in
commercial real estate lending and credit administration. He
previously served as Executive Vice President, Director of Real
Estate Lending for Provident. Mr. Sierotko has also held
senior leadership positions with Bank of New York, HSBC, and Wells
Fargo. He earned a Bachelor of Arts in Economics from
the University of Maryland. Mr. Sierotko is a member of
NAIOP and serves on the board of the Boys and Girls Clubs of
Northwest New Jersey.
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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 $9.81 billion as of December 31, 2019.
With $7.10 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 www.provident.bank or join the conversations
on Facebook (ProvidentBank) and Twitter (@ProvidentBank).
Gabrielle Costello
Provident Bank
215-825-9658
gcostello@levlane.com
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