Provident Strengthens Leadership Team with Key Appointments
August 20 2020 - 8:00AM
Provident Bank, a leading New Jersey-based financial
institution, announced today a number of key leadership
appointments following the completion of its merger with SB
One Bank. The appointments leverage the talents and experience
of several executives, while creating synergies within the newly
combined company.
Anthony Labozzetta has been appointed to the position of
President and Chief Operating Officer. Mr. Labozzetta will
report to Chris Martin, Chairman and CEO, and will be responsible
for overseeing the management of Commercial Banking, Retail
Banking, Human Resources, Marketing and Operations. In addition, he
will play a key role in the development and execution of the
Bank’s operational and strategic initiatives.
Mr. Labozzetta previously served as President and CEO of SB One
Bank, and was responsible for delivering strong results and
sustained growth for the bank. He led the company through two
successful mergers and expanded its footprint to 18 locations
throughout New Jersey and New York. Mr. Labozzetta joined SB
One in 2010 and has more than 25 years’ experience serving the
region. Prior to joining SB One Bank, he was Executive Vice
President of the Mid-Atlantic Division of TD Banknorth and before
that, Senior Executive Vice President and Chief Operating Officer
at Interchange Financial Services.
“I am proud to be a part of the oldest and one of the most
respected financial institutions in New Jersey,” said Mr.
Labozzetta. “Provident’s strong commitment to their employees,
customers and communities is well-known throughout our market. I
am excited by the opportunity to work with such a
talented team and the prospects for growing and expanding our
business,” added Mr. Labozzetta.
In addition, the Bank announced that Vito Giannola has been
appointed to the position of Executive Vice President and Chief
Retail Banking Officer. He will lead the Branch Network, Retail
Operations, and Administration. In addition, he will develop and
manage the execution of the Retail Banking Division’s overall sales
and customer experience strategy.
Mr. Giannola previously served as Senior Executive Vice
President and Chief Banking Officer of SB One Bank and was
responsible for the leadership and strategic direction of the
retail branch network, business development and the investment
division. He has more than 25 years’ experience in financial
services. Prior to joining SB One Bank in 2010, Mr. Giannola was a
Senior Vice President, Retail Market Manager with TD
Bank. He has also held senior leadership positions with
Chase and First Union Bank.
The Bank also announced that George Lista will continue in his
role as President of SB One Insurance Agency, Inc., a wholly-owned
subsidiary of Provident Financial Services. Mr. Lista will oversee
the operation of the full-service insurance agency and brokerage
services, a position he has held since 2001, when Tri-State
Insurance Agency was acquired by Sussex Bank. Mr. Lista has more
than 35 years’ experience in the insurance industry. He holds both
a Certified Risk Manager (CRM) and a Certified Insurance Counselor
(CIC) designation in insurance education.
“I am pleased to welcome Tony, Vito and George to our Executive
Management Team and look forward to working with them,” said Chris
Martin, Chairman and CEO. “While with SB One, they were
instrumental in achieving outstanding results and transforming the
bank into a high-performing organization. Their talents and
experience complement our existing management team and ensure
we are well positioned to take advantage of growth opportunities,”
added Mr. Martin.
In addition, the Bank announced that Josephine Moran has been
appointed Executive Vice President, Chief Corporate Services
& Consumer Lending Officer. Ms. Moran will assume leadership of
Residential & Consumer Lending Sales and Production, Corporate
Cash Management, Non-Insured Investments, Government Banking,
Merchant Processing, Payroll Services, and Small Business Lending.
In addition she will oversee the development and implementation of
strategies to drive production and revenue in these key business
areas.
Ms. Moran joined Provident in 2018 and most recently served as
Executive Vice President and Director of Retail Banking, where she
was responsible for leading the overall sales and customer service
strategy for the Retail Branch network, as well as driving results
for the bank’s Investment Services, Small Business and Residential
and Consumer Lending areas. Ms. Moran has more than 20 years’
experience in financial services. She served as Senior
Vice President, Regional Manager, Retirement Services Director with
Webster Bank, where she provided leadership and strategic direction
to the Western Region of Webster’s Investment Services. Prior to
that, she held senior leadership positions with Columbia Bank,
Santander, Wells Fargo, and Wachovia.
“Josephine’s exceptional knowledge of financial services and her
extensive experience in Residential and Consumer Lending, Small
Business Lending, Government Banking, and Investment Services will
enable us to place greater emphasis on driving results in these
important business units and enhance our ability to deliver
innovative, best-in-class financial services to our customers,”
said Mr. Martin.
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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 $10.51 billion as of June 30, 2020. With
$7.66 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 full service insurance agency and
brokerage 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).
Keith Buscio
Provident Bank
keith.buscio@provident.bank
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