Provident Bank New York Adds Business Banking Leader in Rockland County

Stephanie D. Pierce Joins Provident Bank as Senior Managing Director

Marketwired

MONTEBELLO, NY--(Marketwire - Oct 9, 2012) - Provident Bank, a subsidiary of Provident New York Bancorp (NYSE: PBNY), announced it hired Stephanie D. Pierce to lead a Business Banking team in Rockland County. Stephanie joins the firm as Senior Managing Director and will be responsible for leading the team to build and cultivate business relationships throughout the Lower Hudson Valley. Provident Bank has 16 teams dedicated to serving the needs of businesses throughout the greater New York metropolitan area. "Stephanie brings to Provident Bank a proven track record of success in building and leading sales teams, including those focused on specialty markets such as health care, law, and accounting," said Vincent DeLucia, Senior Vice President, Commercial Market Leader.

Ms. Pierce has over 20 years in banking and most recently served as a Commercial Banking Director for Citibank where she was responsible for managing commercial relationship managers in Westchester, Rockland, and Connecticut. Stephanie has spent her entire career dedicated to business and commercial clients in the greater New York area. "Rockland County and the surrounding area is a core market for us and we are pleased to have Stephanie Pierce join our Business Banking team," said Jim Peoples, Central and Northern 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.

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
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