The Provident Bank is expanding its business banking services into Boston, the bank announced yesterday.

The Amesbury-based bank, which also has branches in New Hampshire, has hired Gabrielle Piasio as vice president of commercial lending to spearhead the expansion.

In addition to mergers and acquisitions, Piasio will also play a lead role in assisting clients with real estate transactions in the city. She comes to The Provident Bank with over a decade of experience in commercial banking. Prior to joining The Provident, Piasio was a vice president and business banking relationship manager at Santander Bank. She has also held senior roles at People’s United Bank.

“I was attracted to The Provident’s innovative, yet personal approach to serving its commercial customers,” Piasio said in a statement. “With a focus on the bank’s niche market of commercial lending and mergers and acquisitions, I have the opportunity to really make a difference to the small and medium-sized businesses that make Boston a great place to live and work. I am excited to lead the bank’s efforts to expand into Boston.”

“Gabrielle’s expansive skill set, drive and desire to help small to medium sized businesses grow and succeed is the perfect additional to our commercial lending team,” Chuck Withee, president and CLO, said in a statement. “We needed an experienced lender to help us expand into Boston, and we found the perfect fit in Gabrielle. We are excited to welcome her to The Provident.”

The Provident Bank has become a significant local player in the commercial and industrial lending space; between 2016 and 2017, the $900 million asset bank saw 45 percent growth in this loan category.

American Banker recently named the bank on its top 10 list for C&I Loans in the U.S. for banks under $1 billion in assets. According to the bank’s website, The Provident decided in 2014 to focus its resources on increasing its C&I offerings as part of a broader strategic initiative to serve the needs of small to medium-sized businesses.

The bank then removed its residential mortgage lending product, restructured some of its consumer products and moved full force into its commercial lending niches.

The Provident Bank Hires New VP to Expand into Boston Market

by Bram Berkowitz time to read: 1 min
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