Provident Bank Consolidates Leadership and Bankers in Northern Market

MONTEBELLO, NY--(Marketwire - Apr 24, 2012) - Provident Bank, a subsidiary of Provident New York Bancorp (NYSE: PBNY), announced it has consolidated the offices of their banking teams dedicated to serving businesses in Orange County. Rick Jones, Executive Vice President and Northern Market President also moved his office to Middletown, NY to work directly with the teams. Rick, whose banking career has spanned 39 years, was named Northern Market President in November 2011. He has been with Provident Bank since 2004. "As the senior leader of the Northern Market, I wanted to be closer to the teams and the communities that we serve," said Mr. Jones. "In just the first few weeks of combining the teams in one location we have enhanced continuity within the teams and increased enthusiastic commitment to our clients in the Orange, Sullivan, and Ulster counties."

Both Commercial Banking and Business Banking teams have been established in the Northern Market. Vincent DeLucia, Senior Vice President and Commercial and Business Banking Market Leader, a Provident Bank leader for over 25 years, is responsible for leading the Commercial and Business Banking teams in Orange, Sullivan, Ulster, Dutchess, and Rockland counties.

Chris Fiorillo, a long-time Provident Bank officer is Senior Managing Director and leads the Commercial Banking Team. He is joined by Damiane Doyle, Managing Director, Commercial Banking. Both Chris and Damiane have served this community for many years and know the market well. Jill Singer serves the commercial team as Portfolio Manager. Clients benefit from that local knowledge and the proximity of these officers working within the market.

Stacey Langenthal has joined Provident Bank as Senior Managing Director, Business Banking. She leads the Business Banking team, which includes seasoned bankers William Vacca and Steve Drobysh, both Managing Directors, Business Banking. Also on the team is Laura O'Callahan-Ryle, Managing Director, Business Banking. Dewayne Haygood serves the business banking team as Portfolio Manager. "I am delighted to now be part of such a strong and vibrant Business Banking team dedicated to the unique needs of clients in our Northern Market," said Ms. Langenthal.

Prior to joining Provident Bank, Stacey served as Senior Vice President, Commercial Team Leader for Rhinebeck Savings Bank. Prior to her role with Rhinebeck Savings Bank, she spent 10 years at Key Bank in various roles with successively increasing responsibility, most recently Senior Vice President, District Retail Leader. Ms. Langenthal is very involved the community and currently serves as Board President of New Horizons Resources. She also serves leadership roles on the boards of The Chamber Foundation, Inc. and Tabernacle Christian Academy.

"We are more committed than ever to Orange, Sullivan, and Ulster counties," said Mr. Jones. "With the strength of our business and commercial banking teams coupled with our large network of Financial Centers, we are positioned to exceed client expectations for dedication and service."

Photos available for many of the named individuals upon request.

Headquartered in Montebello, N.Y., Provident Bank, with $3.2 billion in assets, specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City marketplace through teams of dedicated and experienced relationship managers. Our franchise includes 36 Financial Centers. Provident Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Provident Bank Web site at www.providentbanking.com.

FORWARD-LOOKING STATEMENTS AND ASSOCIATED RISK FACTORS
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