Provident Bank Names Annamaria Vitelli EVP, Chief Wealth Officer and President of Beacon Trust
Rhea-AI Summary
Provident Bank (NYSE:PFS) appointed Annamaria Vitelli as Executive Vice President, Chief Wealth Officer of Provident Bank and President of Beacon Trust, effective immediately (June 4, 2026).
She will lead strategic growth of the wealth management business, oversee investment, trust and fiduciary services, and join the Executive Leadership Team.
Positive
- Seasoned wealth executive to lead Provident Bank’s wealth management strategy
- Unified leadership as Chief Wealth Officer and President of Beacon Trust
- Role includes cross-business collaboration with Provident Protection Plus
- Direct reporting to CEO and seat on Executive Leadership Team
- Over two decades of experience in wealth, private banking, trust, and estates
- Prior leadership of ultra-high-net-worth segment with 200+ professionals
Negative
- None.
News Market Reaction – PFS
In the Jun 4 session, PFS gained 3.71%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 27 | Management promotion | Neutral | -1.2% | Promotion of SVP team leader for Monmouth/Ocean C&I lending group. |
| May 14 | Consumer survey | Neutral | +1.2% | Release of 2026 consumer survey on household finances and behaviors. |
| May 04 | Research coverage | Positive | -0.6% | Update highlighting steady 1Q26 metrics and record noninterest income. |
| Apr 30 | Dividend declaration | Positive | -1.3% | Announcement of $0.24 quarterly cash dividend and key dates. |
| Apr 29 | Quarterly earnings | Positive | +1.2% | Q1 2026 earnings with higher YoY net income and record loan pipeline. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including earnings and dividends, often saw modest price moves with more divergence than alignment to headline tone.
Over the past few months, PFS has reported solid fundamentals, including Q1 2026 net income of $79.4M, $225.2M in revenue, record non-interest income of $31.5M, and a record loan pipeline of $3.11B. A quarterly dividend of $0.24 per share was declared on Apr 30. The stock reaction has been mixed, with only the Apr 29 earnings release clearly aligning positively, while several neutral or constructive updates saw small declines.
Key Terms
fiduciary services financial
ultra-high-net-worth financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Seasoned Wealth Management Executive to Lead Strategic Growth of Provident Bank’s Wealth Management Business
ISELIN, N.J., June 04, 2026 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, announced today the appointment of Annamaria Vitelli to Executive Vice President, Chief Wealth Officer of Provident Bank and President of Beacon Trust, effective immediately.
In her new role, Ms. Vitelli will lead the strategic direction and growth of Provident Bank’s wealth management business, including investment management, trust, and fiduciary services. In addition, she will partner across business lines to advance an integrated sales model and collaborate closely with the leaders of Provident Bank and Provident Protection Plus to deliver comprehensive financial solutions and an exceptional customer experience. Ms. Vitelli will also focus on expanding and retaining Beacon Trust’s customer base, developing innovative wealth management products and services, and attracting, developing, and retaining top talent to support long-term growth.
Ms. Vitelli will report directly to Anthony Labozzetta, President and Chief Executive Officer of Provident Bank, and will serve as a member of the bank’s Executive Leadership Team.
“Since joining Beacon Trust last year, Anna has made a significant impact on our organization through her vision, leadership, and unwavering commitment to delivering exceptional customer outcomes,” said Mr. Labozzetta. “She brings extensive experience in wealth management, a proven ability to drive strategic growth, and a collaborative leadership style that aligns perfectly with our culture. As we continue to expand our wealth management capabilities and strengthen our integrated approach to serving customers, Anna is exceptionally well-positioned to lead Beacon Trust and help shape the future of this important business.”
Ms. Vitelli joined Beacon Trust in September 2025 as Executive Vice President and Chief Growth Officer. In that role, she was responsible for driving growth and retention strategies, leading business development and wealth advisory teams, and helping expand the firm's market presence and client relationships.
With more than two decades of experience in wealth management, private banking, trust, and estate planning, Ms. Vitelli has built a distinguished career serving high-net-worth and ultra-high-net-worth individuals, families, and institutions. Prior to joining Beacon Trust, she served as Executive Vice President and Head of Hawthorn at PNC Private Bank, where she led the ultra-high-net-worth business segment and oversaw a team of more than 200 professionals. Earlier in her career, she held senior leadership positions in wealth strategy and customer experience at PNC and served in senior wealth management and trust roles at Vanguard and The Private Family Office. She also practiced as an estates and tax attorney.
“I am honored to assume this role and grateful for the confidence Tony and the Board have placed in me,” said Ms. Vitelli. “Beacon Trust has a strong reputation for delivering personalized advice, an exceptional experience, and long-term value to customers. I look forward to working with our talented teams across Provident Bank and Provident Protection Plus to build upon our momentum, deepen customer relationships, and accelerate growth across our wealth management business.”
Ms. Vitelli holds a J.D. and an LL.M. in Taxation, both earned cum laude from Temple University’s Beasley School of Law.
About Beacon Trust
Based in Morristown, New Jersey, Beacon Trust is a full-service wealth management firm, which together with Beacon Investment Advisory Services, Inc., has approximately
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
Director of Public Relations & Communications
Keith.Buscio@provident.bank
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b293ccd7-a7c6-4f85-88b8-26893bd85699
