Provident Bank Senior Executive Vice President and CFO Thomas Lyons plans to retire from the financial institution in 2026.
The bank said Jan. 13 it expects Lyons to exit the post by June 30 or upon the appointment of his successor, whichever comes first.
Lyons will continue in his present roles until a new hire is selected. Provident said a nationwide search to replace the chief financial executive is currently underway. It has engaged an unnamed executive search firm to assist in the process.
CFO at Provident since 2011, Lyons played a key role in its growth and performance throughout his tenure, the bank said.
He came on board after the merger with First Savings Bank in 2004.
“Tom’s commitment to delivering top-tier financial performance and creating long-term shareholder value has been an integral part of our journey to become the leading super community bank in our region,” said Provident Bank President and CEO Anthony Labozzetta. “I am grateful for his strategic leadership, valued partnership, and tireless commitment to our organization. … On behalf of the board and all of us at Provident Bank, we wish Tom a heartfelt thank you and all the best for this next chapter of his life!”
With nearly $25 billion in assets, as of Sept. 30, 2025, Provident serves businesses and consumers in New Jersey, New York and Pennsylvania.
Lyons described serving as CFO for the community-focused institution as a “great privilege.”
“Together, we have realized significant accomplishments, navigated numerous challenges and built a strong foundation for the future,” he added. “Provident is well-positioned to continue generating sustainable, profitable growth and building long-term value for our shareholders.”
Giving back
Provident also announced grants totaling $80,000 to local nonprofits this week.
The awards come from the employee-funded 2025 We Wear Jeans for a Cause program.
Five organizations across the bank’s service area benefited:
- Queens Community House, Queens, N.Y. – $10,000
- New Bethany, Bethlehem, Pa. – $15,000
- Rising Tide Community Loan Fund, Lehigh, Pa. – $15,000
In New Jersey, $20,000 grants went to two organizations:
- Isles Inc.– to expand affordable housing and community program in Mercer County
- PRAHD– to support affordable housing development in Perth Amboy amid the city’s revitalization efforts
“The funds will enable these organizations to continue their essential work and expand the impact of their programs,” commented Leonardo Ramos, first vice president, CRA officer, Provident Bank.
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