Provident Bank Expands ABL Team with the Addition of Bruce Gibson as First Vice President, Senior Relationship Manager
Provident Bank (NYSE:PFS) announced on April 28, 2026 that Bruce Gibson joined as First Vice President, Senior Relationship Manager on its Asset-Based Lending (ABL) team.
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Rhea-AI Summary
Provident Bank (NYSE:PFS) announced on April 28, 2026 that Bruce Gibson joined as First Vice President, Senior Relationship Manager on its Asset-Based Lending (ABL) team.
Gibson brings nearly 40 years of ABL experience and will originate, structure, and manage ABL relationships across the Northeast, working with private equity sponsors and business owners.
Details
News Market Reaction – PFS
On Apr 28, the day this news came out, PFS closed 0.79% above the previous close.
Data tracked by StockTitan Argus for the Apr 28 session.
Key Figures
- Price change
- 2.01%
- PFS move over the last 24 hours before this news
- Trading volume
- 1,039,517 shares
- Today vs. 20-day average of 904,951 shares
- 52-week range
- $15.92–$23.9789
- Current price 4.87% below 52-week high
- 200-day MA
- $20.15
- PFS trading above long-term moving average
- Total assets
- $24.98 billion
- As of December 31, 2025 per company disclosure
- 2025 net income
- $291.2 million
- Full-year 2025 results from proxy/annual report
- 2025 EPS
- $2.23
- Diluted earnings per share for 2025
- Total deposits
- $19.3 billion
- Year-end 2025 deposit base from proxy statement
Historical Context
-
Announced dates for Q1 2026 earnings release and investor conference call.
-
Four senior Beacon Trust wealth hires to expand advisory capacity and growth.
-
Named new Head of Investor Relations with banking and equity research background.
-
Appointed experienced executive to lead middle market lending following leadership transition.
-
Jan 29
Earnings results
- 24h Move
- +0.0%
Reported record Q4 2025 revenue, net interest income, and noninterest income performance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
asset-based lending (abl) financial
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ISELIN, N.J., April 28, 2026 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, announced that Bruce Gibson has joined the company as First Vice President, Senior Relationship Manager, on the Asset-Based Lending (ABL) team. In this role, Mr. Gibson will be responsible for originating, structuring, and managing complex asset-based lending relationships, while driving new business development and supporting clients across the ABL portfolio throughout the Northeast.
Mr. Gibson brings nearly four decades of asset-based lending experience, with a strong track record in sourcing and closing middle-market transactions and building long-standing relationships with private equity sponsors, advisors, and business owners. He will oversee all aspects of deal origination, underwriting, loan structuring, and portfolio management, while working closely with internal teams to deliver tailored financing solutions and support customers’ evolving capital needs.
“Provident Bank has built a strong ABL platform, and I'm looking forward to contributing to its continued growth,” said Mr. Gibson. “Having worked across a wide range of transactions, I have a deep appreciation for what clients need from a lending partner. I'm excited to bring that experience to Provident Bank and help businesses access the capital they need to grow.”
“We’re pleased to welcome Bruce to the team,” said Kenneth Kaestner, Director and ABL Group Head. “He brings deep expertise across the full ABL lifecycle, along with a proven ability to generate new business and structure complex transactions. His experience and relationships in the New York and New Jersey markets will be instrumental as we continue to build momentum, becoming the lender of choice for ABL solutions in the markets we serve.”
Prior to joining Provident Bank, Mr. Gibson served as Managing Director, Business Development at Webster Business Credit, where he was responsible for originating asset-based lending transactions across the Northeast. Over the course of his career, he has held senior roles at IDB Bank, Capital One, and Sterling National Bank, consistently sourcing and closing significant lending opportunities and driving portfolio growth. He holds a Bachelor of Science in Business and Economics from Lehigh University.
About Provident Bank
Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of
Media Contact:
Keith Buscio - Keith.Buscio@provident.bank
Vested - Providentbank@fullyvested.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e0e53c5-0c5c-46e7-961c-44c4a009951d
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