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BankProv Expands Small Business Lending Team with New Experienced Lenders

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BankProv has expanded its small business lending team with the appointments of Joel Gianninoto and Ryan Fox to enhance support for local businesses. Gianninoto, with nearly a decade of experience, previously worked at Citizens Financial Group, while Fox brings firsthand knowledge from managing a small business. Both will assist small businesses in Bedford, New Hampshire, for purchasing and expansion needs. This strategic move aims to bolster BankProv's commitment to economic development in its service regions.

Positive
  • Expansion of small business lending team with experienced professionals.
  • Joel Gianninoto and Ryan Fox bring significant industry knowledge and insight.
  • Commitment to economic development and support for local businesses.
Negative
  • None.

AMESBURY, Mass., Dec. 22, 2020 /PRNewswire/ -- BankProv, an innovative, commercial bank that finds solutions for business and private clients, has grown its small business lending team with two new hires: Joel Gianninoto, Vice President, Commercial Lending, and Ryan Fox, Assistant Vice President, Commercial Lending.

Joel Gianninoto joined BankProv in March 2020 with almost 10 years of banking experience, having previously held positions at Citizens Financial Group and Salem Five Bank. Joel is a Magna cum Laude graduate of Western New England University and is an active participant in local chamber events. He has a rich history of volunteering, including his support of the Methuen Police and Fire Department community outreach, his contributions to Cradles to Crayons' events in Brighton, MA, and by renovating homes in conjunction with Habitat for Humanity.

Ryan Fox joined BankProv in November 2020, having spent most of his career at William Fox & Co., a family-owned business in Washington, D.C. His experience managing a small business for more than a decade gives him the first-hand insight, knowledge and understanding of the challenges that face small business owners daily. Ryan is graduate of Franklin & Marshall College and has also held positions at Alternative Care at Home and Dolly Road Partners.

At BankProv, Joel and Ryan will join the Small Business Lending Team based in Bedford, New Hampshire, where they will assist small businesses with the steps needed to purchase or expand their businesses.

"I'm excited to welcome Joel and Ryan to BankProv as we continue to grow our team. This combination of varied experience and wealth of industry knowledge will uniquely position our small business lending team for continued success," said Joe Kenney, SVP, Director of Commercial Lending.

About The Provident Bank
The Provident Bank, which also operates under the name BankProv, is a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC). The Provident Bank is an innovative, commercial bank that finds solutions for our business and private clients. We are committed to strengthening the economic development of the regions we serve, by working closely with businesses and private clients and delivering superior products and high-touch services to meet their banking needs. The Provident Bank has offices in Massachusetts and New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).

Press Contact: Carie Kelly, VP Marketing
Phone: (978) 834-8583
Email: ckelly@bankprov.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/bankprov-expands-small-business-lending-team-with-new-experienced-lenders-301197692.html

SOURCE The Provident Bank

FAQ

What recent changes were announced for BankProv's team?

BankProv has expanded its small business lending team by hiring Joel Gianninoto and Ryan Fox.

Who are the new hires at BankProv and their backgrounds?

Joel Gianninoto has nearly 10 years of experience in banking, and Ryan Fox has over a decade of experience managing a small business.

When did Joel Gianninoto join BankProv?

Joel Gianninoto joined BankProv in March 2020.

What position does Ryan Fox hold at BankProv?

Ryan Fox works as Assistant Vice President in the Commercial Lending Division.

How does BankProv plan to support small businesses?

The bank aims to assist with steps needed for purchasing or expanding small businesses.

What is BankProv's commitment towards economic development?

BankProv is committed to strengthening economic development in the regions it serves.

What is the stock symbol for BankProv?

BankProv's stock symbol is PVBC.

Provident Bancorp, Inc. (MD)

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Banks - Regional
Savings Institutions, Not Federally Chartered
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United States of America
AMESBURY