Provident Bank Strengthens Hudson Valley Banking Team

David Apps and William Griffiths Named Managing Directors

Marketwired

MONTEBELLO, NY--(Marketwired - Jun 27, 2013) -   Provident Bank, a subsidiary of Provident New York Bancorp (NYSE: PBNY), announced the addition of David Apps and William Griffiths to its northern and central market banking teams. In addition to the senior bankers' commercial banking experience they bring regional knowledge to Provident clients in Rockland, Orange, Sullivan, Ulster, Dutchess, and Putnam counties. Provident Bank has 17 teams dedicated to serving the needs of businesses throughout the greater New York metropolitan area.

"Provident is committed to providing personalized service and diversified banking solutions to the Hudson Valley. David and William will leverage their industry experience and regional knowledge to meet the unique needs of businesses and individuals in the region while growing Provident's client base," explained Vincent DeLucia, senior vice president, commercial market leader.

Mr. Apps has successfully developed new business for several major financial institutions during his over 40-year career in corporate banking and finance. As a managing director, Mr. Apps will join the team led by Chris Fiorillo, senior managing director, and be responsible for cultivating and growing middle market banking client relationships.

Prior to joining Provident, Mr. Apps was managing director of Royal Bank of Scotland where he developed the bank's North American presence in several sectors including transportation, entertainment and construction. He also served as senior vice president at NatWest Markets where he guided the company's North American corporate business reorganization.

Mr. Griffiths has spent the majority of his 23-year commercial banking career serving the Hudson Valley region. He has established relationships with entrepreneurs and business in all stages of growth, with a primary focus on small- and middle- market businesses. As a managing director, Mr. Griffiths will develop and grow commercial banking relationships with middle market businesses throughout the region. He will work with the team led by Marianne McGoldrick, senior managing director.

Prior to joining Provident, Mr. Griffiths was senior vice president of commercial lending for Rhinebeck Bank where he led a team of portfolio managers, community and commercial lenders. He also held senior lending positions at Hudson Valley Bank, Charter One Bank, and Hudson United Bank.

Provident Bank, with $3.7 billion in assets, is a growing financial services firm that specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City metropolitan area through teams of dedicated and experienced relationship managers. Provident Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit www.providentbanking.com.

FORWARD-LOOKING STATEMENTS AND ASSOCIATED RISK FACTORS
Any statements contained herein that are not statements of historical fact, including those that anticipate future growth, may be deemed to be forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that may adversely affect the Company's ability to realize its plans. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. There are a number of important factors described in documents filed by the Company with the Securities and Exchange Commission and other factors that could cause the Company's actual results to differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Contact:
CONTACT:

Suzanne Copeland
Provident Bank
845.369.8341

Provident New York Bancorp
400 Rella Boulevard
Montebello, NY 10901-4243
T 845.369.8040
F 845.369.8255
www.providentbanking.com

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