Ravi Vakacherla Joins Provident Bank
August 29 2022 - 7:00AM
Provident Bank, a leading New Jersey-based financial institution,
is pleased to announce that Ravi Vakacherla has joined the
organization as Executive Vice President, Chief Digital and
Innovation Officer. This position redefines the Chief Information
Officer role and underscores the company’s commitment to
technology, innovation, and building for the future.
In this role, Mr. Vakacherla will be a member of the Executive
Leadership Team and will be responsible for the bank’s digital
initiatives, including strategy, data analytics, innovation,
FinTech partnerships, Information Technology and driving the core
vendor relationships. In addition, he will work closely with the
Executive Leadership Team on advancing the customer experience and
creating value through enhanced digital tools and platforms,
product offerings, analytics, services, and technologies, while
also partnering with innovative third-party solution providers. Mr.
Vakacherla will also own and monitor digital innovation projects,
identifying and evaluating relevant opportunities and will have his
finger on the pulse of what is happening from a technology
perspective and within the industry.
“I am delighted to welcome Ravi to our Executive Leadership
Team,” said Anthony Labozzetta, President and CEO. “Ravi is highly
regarded in his field, he has a collaborative style and approach,
and is skilled at bringing people and processes together and
creating high performing and unified teams who achieve results,”
added Labozzetta.
Prior to joining Provident, Mr. Vakacherla was Executive Vice
President, Chief Transformation Officer with People’s United Bank.
Before that, he was responsible for Product Management, Operations,
and Digital at People’s. He brings with him exceptional breadth and
depth of experience helping to build-out technology and digital
platforms during periods of high growth. During his 17 years with
People’s United, he held leadership positions of increased
responsibility and played an integral role in leading and
building-out the technology foundation to support the bank’s
expansion through 12 acquisitions, growing from $9 billion in
assets to more than $65 billion in assets.
Mr. Vakacherla holds a Bachelor’s Degree in Electrical and
Electronic Engineering from Jawaharlal Nehru Technological
University and a Master’s Degree in Computer Science from
Midwestern State University.
Ravi Vakacherla, EVP, Chief Digital and
Innovation Officer
###
About Provident BankProvident Bank, a
community-oriented financial institution offering “Commitment you
can count on” since 1839, is the wholly owned subsidiary of
Provident Financial Services, Inc. (NYSE:PFS), which reported
assets of $13.72 billion as of June 30, 2022. With $10.87 billion
in deposits, Provident Bank provides a comprehensive suite of
financial products and services through its network of branches
throughout northern and central New Jersey, as well as Bucks,
Lehigh and Northampton counties in Pennsylvania, and Nassau and
Queens counties in New York. 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. For more
information about Provident Bank, visit www.provident.bank or join
the conversations on Facebook (ProvidentBank) and Twitter
(@ProvidentBank).
CONTACT: Keith
Buscio732-504-9407Keith.buscio@provident.bank
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/25354b85-fb18-47a8-95b2-4817521aabaf
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