The Provident Bank Forms Asset-Based Lending Group

The Provident Bank announces the formation of an Asset-Based Lending Group that will serve businesses throughout the bank’s footprint in New Jersey and eastern Pennsylvania.

Sharon Bender of Basking Ridge, joins Provident to lead the new group as senior vice president and director of Asset Based Lending. She previously managed asset-based lending at Sun National Bank for the past five years. With more than 25 years of banking experience, Bender holds an MBA in Finance from Rutgers University.

Arthur McCray of New York, NY, joins Provident as vice president of the Asset-Based Lending Group. Prior to joining Provident, he also worked at Sun National Bank. He holds a Bachelor of Science in Accounting from Manhattan College.

“The appointments of Ms. Bender and Mr. McCray and the creation of our new asset-based lending group illustrate our commitment to helping our privately held commercial clients build and grow their businesses, especially those who may be slow to recover from the recent recession,” said Don Blum, Chief Lending Officer of The Provident Bank. “By entering this specialized market, we are expanding our product offerings and securing our position as a leading commercial lending institution in the region.”

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