ROI Influencers: Banking 2024 – Tony Labozzetta, CEO of Provident Bank

Tony Labozzetta, CEO of Provident Bank, has been named the No. 1 influencer in the banking industry for 2024. His strategic leadership and patience have paid off with the successful completion of a megamerger with Lakeland Bank, creating a premier super-community bank in the region.

The merger, which took 20 months to receive approval, has resulted in a combined company with $24.5 billion in assets, $18.8 billion in loans, and $18.6 billion in deposits. With 140 branches across New Jersey and parts of New York and Pennsylvania, the newly formed “Provident Financial Services Inc.” is poised to benefit from a diverse revenue stream and strong positions in various lines of business.

Labozzetta’s expertise in mergers and acquisitions integration will be crucial as the combined company navigates its new structure. With a focus on customer satisfaction and growth, Provident Bank is set to become a powerhouse in the banking industry under Labozzetta’s leadership.

Patience truly has paid off for Labozzetta and Provident Bank, as they look towards a successful future in the ever-evolving banking landscape.