About 220 people currently work at 400 Rella Blvd. and the bank is negotiating for additional space at the complex, said chief executive officer Jack Kopnisky, who today declined to say how much extra space the bank will acquire.
Provident completed its merger on Thursday and it is assuming the name Sterling National Bank, which operates 13 branches in New York City, Yonkers and Long Island. The enlarged bank with $6.7 billion in assets will continue to focus on consumers and small- to medium-sized businesses and it will have 57 locations consisting of full-service branches, limited-service offices and automated teller machines, according to the company’s website.
Kopnisky said the enlarged Sterling National Bank will retain its personal touch with clients by keeping the same staff at its branches.
“The most critical thing for us is to ensure we are understanding the clients’ needs and objectives and bringing the right solutions to them,” said Kopnisky.
Although Provident was the larger bank, Kopnisky explained that the company assumed the name Sterling National Bank to avoid brand confusion with Provident Bank of New Jersey, an independent entity.
Kopnisky said the merger of the two banks means that Provident’s business customers will have greater access to business lending products like factoring, warehouse lending and asset-based lending, while Sterling National Bank’s clients will have greater access to consumer lending products.