Provident Bank announced the planned retirement of Thomas M. Lyons, Senior Executive Vice President and CFO. Mr. Lyons will continue in his roles until a successor is appointed. A nationwide search for his replacement has been initiated.
Thomas M. Lyons, the Senior Executive Vice President and CFO of Provident Bank, is set to retire after a successful 17-year career with the institution. During his tenure, Mr. Lyons oversaw a remarkable growth trajectory at Provident Bank, leading the institution from $6 billion to nearly $25 billion in assets. His retirement paves the way for a crucial transition at the bank as it embarks on the process of finding a suitable successor through the engagement of an executive search firm.
Years of Service
Thomas M. Lyons has served as CFO of Provident Bank for an impressive 17 years, contributing significantly to the institution's financial strategy and growth trajectory during his tenure.
Bank Growth
Under the leadership of Thomas M. Lyons, Provident Bank has experienced substantial asset growth, expanding from $6 billion to nearly $25 billion under his guidance, reflecting his strategic acumen and financial stewardship.
Successor Search
In preparation for Thomas M. Lyons' retirement, Provident Bank has initiated a nationwide executive search to identify and appoint a qualified successor who will be pivotal in maintaining the bank's financial performance and sustaining shareholder value in the future.
- Thomas M. Lyons' retirement represents a significant milestone for Provident Bank, marking the conclusion of an era characterized by remarkable growth and financial success under his leadership. The appointment of a new CFO will be critical for the institution's continuity and its ability to preserve and enhance its financial performance and shareholder value moving forward.
The retirement of Thomas M. Lyons signifies a notable transition for Provident Bank, heralding the start of a new chapter in the institution's financial leadership. While Mr. Lyons leaves behind a strong legacy of growth and value creation, the bank's focus now shifts to the selection of a capable successor who will steer Provident Bank through its next phase of growth and financial prosperity.