Provident Welcomes Bill Fink as New Chief Lending Officer
Portfolio - People | Feb 14, 2025 | EIN
Provident Bank in Iselin, New Jersey, has appointed Bill Fink, a former executive at TD Bank, as its new chief lending officer. With an extensive background in U.S. middle-market banking, Fink will lead Provident's commercial bank and oversee its commercial lending growth strategy. Reporting to CEO Anthony Labozzetta, Fink is succeeding John Rath II who retired in late 2024. He will be managing a $16 billion loan portfolio and a team of 250 employees spread across New Jersey, New York, and Pennsylvania. Previously, Fink led a nationwide expansion strategy in middle-market and asset-based lending for TD Bank, supervising a $24 billion portfolio. Meanwhile, litigation surrounding a climate-disclosure rule by the SEC has been paused. The SEC, led by acting chair Mark Uyeda, is reevaluating its stance due to changes in its composition and regulatory environment.
Sectors
- Banking
- Regulatory Affairs
Geography
- United States – Provident Bank operates in the states of New Jersey, New York, and Pennsylvania, while the SEC's actions encompass nationwide implications.
Industry
- Banking – Provident Bank operates within the banking sector, with commercial banking and lending being focal points.
- Regulatory Affairs – The SEC's actions regarding climate-disclosure rules fall under regulatory affairs impacting publicly traded companies.
Financials
- $16 billion – The size of the loan portfolio managed by Bill Fink at Provident Bank.
- $24 billion – The loan portfolio overseen by Bill Fink at TD Bank.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Provident Bank | Target Company | Company | Provident Bank, headquartered in Iselin, New Jersey, focuses on commercial banking and lending. |
| Bill Fink | New Chief Lending Officer | Person | Former executive at TD Bank, now leading commercial banking at Provident. |
| TD Bank | Former Employer of Bill Fink | Company | Fink's previous employer, known for middle-market banking. |
| Anthony Labozzetta | CEO | Person | CEO of Provident Bank overseeing its operations. |
| John Rath II | Former Chief Lending Officer | Person | Preceded Bill Fink as chief lending officer at Provident Bank. |
| Securities and Exchange Commission (SEC) | Regulatory Body | Government | The SEC is involved in litigation over climate-disclosure rules. |
| Mark Uyeda | Acting Chairman of the SEC | Person | Requested the pause in climate-disclosure litigation. |