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Provident Bank CFO Lyons to Retire After Long, Successful Career

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ISELIN, N.J., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financia...

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AI Summary

Thomas M. Lyons, CFO of PFS, plans retirement by June 30, 2026. PFS is conducting a nationwide search for a successor. Lyons contributed to asset growth from $6 billion to nearly $25 billion. His leadership was crucial for long-term shareholder value and growth. PFS aims to continue sustainable profit growth post-transition.

Sentiment Rationale

While leadership changes can impact stock performance, Lyons' tenure was well-regarded, indicating the transition may be orderly. Historical evaluations show transitions can cause varied stock reactions depending on successor's visibility.

Trading Thesis

The immediate impact of this news may be limited to market reactions to the transition. Long-term effects will depend on successor's strategy and market perception.

Market-Moving

  • Thomas M. Lyons, CFO of PFS, plans retirement by June 30, 2026.
  • PFS is conducting a nationwide search for a successor.
  • Lyons contributed to asset growth from $6 billion to nearly $25 billion.

Key Facts

  • Thomas M. Lyons, CFO of PFS, plans retirement by June 30, 2026.
  • PFS is conducting a nationwide search for a successor.
  • Lyons contributed to asset growth from $6 billion to nearly $25 billion.
  • His leadership was crucial for long-term shareholder value and growth.
  • PFS aims to continue sustainable profit growth post-transition.

Companies Mentioned

  • JPM (JPM)
  • WFC (WFC)
  • BAC (BAC)
  • C (C)
  • PNC (PNC)

Others

While the transition of a CFO is significant, the positive outlook for PFS and Lyons' advisory role mitigates potential concerns. Investor confidence may remain stable during the transition.

Provident Bank CFO Thomas M. Lyons to Retire in 2026

ISELIN, N.J., Jan. 13, 2026 – Provident Bank, a major player in the financial sector based in New Jersey, has announced the upcoming retirement of Thomas M. Lyons, the Senior Executive Vice President and Chief Financial Officer of Provident Financial Services (NYSE: PFS). His departure is anticipated to occur upon the earlier of June 30, 2026, or the appointment of his successor, who is currently being sought through a nationwide search.

Transition and Leadership Acknowledgment

Mr. Lyons will remain in his role until a successor is appointed and will continue in an advisory capacity to facilitate a smooth transition. In a statement, Anthony Labozzetta, President & CEO of Provident Bank, emphasized Lyons' significant contributions: “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.”

Labozzetta added, “I am grateful for his strategic leadership, valued partnership, and tireless commitment to our organization. He leaves a lasting positive impact on our company, team members, and shareholders.”

Mr. Lyons’ Impact on Provident Bank

Lyons has served as Chief Financial Officer since 2011, playing a pivotal role in the bank's growth trajectory. He joined Provident through its merger with First Savings Bank in 2004, which marked the institution's expansion to approximately $6 billion in assets. Today, Provident Bank has experienced substantial growth, boasting nearly $25 billion in assets and serving clients across New Jersey, New York, and Pennsylvania.

Reflecting on his tenure, Mr. Lyons stated, “It has been a great privilege to serve as Provident’s Chief Financial Officer for the past 17 years and to work alongside Tony and our talented and dedicated team of banking professionals. Together, we have realized significant accomplishments, navigated numerous challenges, and built a strong foundation for the future.”

He further noted, “Provident is well-positioned to continue generating sustainable, profitable growth and building long-term value for our shareholders.”

About Provident Bank

Founded in 1839 in Jersey City, Provident Bank is recognized as the oldest community-focused financial institution in New Jersey, serving as the wholly-owned subsidiary of Provident Financial Services, Inc. (NYSE: PFS). As of September 30, 2025, Provident Bank reported assets totaling $24.83 billion.

  • Operates more than 140 branches across New Jersey and parts of New York and Pennsylvania.
  • Offers customized financial solutions for both businesses and consumers.
  • Delivers exceptional customer experiences through mobile, online banking, and via its customer contact center.
  • Provides fiduciary and wealth management services through Beacon Trust Company.
  • Offers insurance services through Provident Protection Plus, Inc.

For more information about Provident Bank and its services, visit www.provident.bank or contact their customer support at 800.448.7768.

Media Contact

For inquiries, please reach out to Keith Buscio at Keith.Buscio@provident.bank.

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