Provident Bank Welcomes Leonardo Ramos As Vice President, CRA Officer

Rhea-AI Summary

Provident Bank has appointed Leonardo Ramos as Vice President and Community Reinvestment Act (CRA) Officer. In this role, Ramos will oversee the bank's CRA program, focusing on enhancing lending, service, and investment strategies to support affordable housing and economic development initiatives. With over 24 years of experience in financial services, Ramos brings valuable expertise to Provident Bank's compliance team.

Mary Brown, Senior Vice President and Chief Compliance Officer, expressed confidence in Ramos's ability to maintain high regulatory compliance standards as the bank grows. Ramos's previous roles include Senior Vice President, Sales Manager at Columbia Bank and Vice President, Community Development Sales Manager at Santander Bank. He holds a Bachelor of Science in Business Administration from Lee University and an MBA from Rutgers Business School.

Positive

• Appointment of experienced professional (Leonardo Ramos) as VP and CRA Officer
• Potential for improved CRA program execution and community initiatives
• Enhanced focus on affordable housing and economic development lending

Negative

• None.

ISELIN, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is pleased to welcome Leonardo Ramos as Vice President, Community Reinvestment Act (CRA) Officer.

Mr. Ramos is responsible for the execution of the bank’s CRA program and commitments to the communities the bank serves, while overseeing the day-to-day operations of the bank's various assessment areas and carrying out executive leadership’s directives to achieve specific CRA goals and objectives. In addition, he is responsible for enhancing lending, service, and investment strategies to effectively support the bank's CRA initiatives that include providing loans and investments for affordable housing and economic development.

“I am pleased to welcome Leonardo to this important role on our compliance team,” said Mary Brown, Senior Vice President, Chief Compliance Officer. His deep knowledge and expertise in compliance management, combined with his widespread experience in financial services, will be instrumental as Provident grows, and as we continue to maintain the highest standards in regulatory compliance,” added Ms. Brown.

Mr. Ramos has more than 24 years of experience in financial services. Most recently, he served as Senior Vice President, Sales Manager with Columbia Bank. Prior to that, he served as Vice President, Community Development Sales Manager with Santander Bank. Mr. Ramos earned a Bachelor of Science in Business Administration from Lee University and a Master of Business Administration from Rutgers Business School.

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 $24.08 billion as of June 30, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

CONTACT:
Keith Buscio
732-504-9407
Keith.buscio@provident.bank

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d0b3af6-9b51-4516-acd9-5f013af49c19

FAQ

Who is Leonardo Ramos and what is his new role at Provident Bank (PFS)?

Leonardo Ramos has been appointed as Vice President and Community Reinvestment Act (CRA) Officer at Provident Bank. He is responsible for executing the bank's CRA program and overseeing community initiatives.

What are Leonardo Ramos's main responsibilities in his new role at Provident Bank (PFS)?

Ramos is responsible for executing the CRA program, overseeing assessment areas, enhancing lending strategies for affordable housing and economic development, and achieving specific CRA goals and objectives.

How much experience does Leonardo Ramos bring to Provident Bank (PFS)?

Leonardo Ramos brings over 24 years of experience in financial services to his new role at Provident Bank.

What was Leonardo Ramos's previous position before joining Provident Bank (PFS)?

Before joining Provident Bank, Leonardo Ramos served as Senior Vice President, Sales Manager with Columbia Bank.