Provident Bank’s headquarters in Iselin — Courtesy: Provident Bank
By Joshua Burd
Provident Bank has promoted its top commercial real estate lender to executive vice president, chief lending officer.
The Iselin-based bank announced last week that Walter Sierotko will now be responsible for the strategic direction of its commercial lending function, overseeing the management and development of its commercial lending lines of business. In addition, as a member of the institution’s executive management team, he will work closely with senior leaders to focus on the strategic growth of lending and deposit relationships.
Sierotko, who was previously Provident’s executive vice president, director of real estate lending, is based in the company’s headquarters.
“I’m confident in Walt’s ability to strengthen and lead our overall commercial lending efforts,” said Chris Martin, chairman, CEO and president. “Since joining Provident in November 2015, his leadership has contributed to the steady growth and profitability of the bank’s commercial real estate lending portfolio. Walt’s expertise and commitment to our lending strategy firmly positions us for the continued growth of our commercial lending business.”
Sierotko has more than 30 years of banking experience in commercial real estate lending and credit administration, according to a news release. The Pequannock resident has also held senior leadership positions with Bank of New York, HSBC and Wells Fargo, while he holds a bachelor’s in economics from the University of Maryland.
He is a member of NAIOP and serves on the board of the Boys & Girls Clubs of Northwest New Jersey.