Provident Bank New York Expands Commercial Banking Team in New Jersey

MONTEBELLO, NY--(Marketwire - Oct 16, 2012) - Provident Bank, a subsidiary of Provident New York Bancorp (NYSE: PBNY), announced it hired Lorenzo Damiano to join their newest Commercial Banking team in New Jersey led by Peter Dawson. This team operates out of the Paramus office under the PBNY Bank (a division of Provident Bank, New York). Lorenzo joins the firm as Managing Director and will be responsible for building and cultivating middle market commercial relationships. Provident Bank has 16 teams dedicated to serving the needs of businesses throughout the greater New York metropolitan area. "Lorenzo brings to Provident Bank extensive experience delivering a variety of financial solutions to clients, which is a great fit with our team-based sales strategy that delivers the entire bank to our clients through dedicated relationship managers supported by team specialists," said Carl Capuano, Senior Vice President, Commercial Market Leader.

Mr. Damiano has over 20 years in financial services and most recently served as a Business Banking Client Manager for Bank of America where he was responsible for building and developing business banking relationships. Prior to Bank of America, Lorenzo operated a financial services advisory business where he helped clients with a variety of financial services solutions. "We are pleased to have Lorenzo Damiano join us and be a part of our rapidly expanding Commercial Banking presence in New Jersey," said Jim Peoples, Central Market President for Provident Bank.

Headquartered in Montebello, N.Y., Provident Bank, with $3.6 billion in assets, specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City marketplace through teams of dedicated and experienced relationship managers. Our franchise includes 36 Financial Centers. Provident Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Provident Bank Web site at www.providentbanking.com.

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