Provident Bank CFO Thomas M. Lyons to Retire by June 30, 2026, After 17 Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Should l Buy PFS?
Source: Globenewswire
- Executive Retirement Plan: Provident Bank announced that CFO Thomas M. Lyons plans to retire by June 30, 2026, or upon the appointment of his successor, marking the end of his 17-year tenure and potentially impacting the company's financial strategy and leadership stability.
- Leadership Transition: Lyons will continue in an advisory role after his successor is appointed, ensuring a smooth transition during the executive change, which aims to maintain business continuity and shareholder confidence.
- Asset Growth Achievement: Since becoming CFO in 2011, Lyons has driven Provident Bank's assets from $6 billion to nearly $25 billion, demonstrating his critical role in the company's growth and financial performance, thereby enhancing its market competitiveness.
- Company History and Services: Founded in 1839, Provident Bank is the oldest community-focused bank in New Jersey, with over 140 branches offering diverse financial solutions, and Lyons' departure may affect its long-term customer service strategy.
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Analyst Views on PFS
Wall Street analysts forecast PFS stock price to fall
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 22.980
Low
22.00
Averages
22.00
High
22.00
Current: 22.980
Low
22.00
Averages
22.00
High
22.00
About PFS
Provident Financial Services, Inc. is the holding company for Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank operating full-service branch offices throughout New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. The Bank attracts deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, commercial business loans, residential mortgage loans, and consumer loans. The Bank invests in mortgage-backed securities and other permissible investments. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. The Bank has approximately 140 branches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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