REPEAT/The Provident Board Adds Former Fleet NJ President Collins.Business Editors REPEATING... JERSEY CITY, N.J.--(BUSINESS WIRE)--May 6, 2003 John G. Collins, former president of Fleet NJ, has been named a member of the Board of Directors of both Provident Financial Services, Inc. (NYSE NYSE See: New York Stock Exchange :PFS PFS, n post facilitation stretch; therapeutic approach utilized during proprioceptive neuromuscular facilitation in which the patient begins the stretch midway between the fully relaxed and fully stretched position and uses maximum level of effort to ) and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , The Provident Bank. "Jack Collins is one of the most prominent banking figures in the region," said Provident Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Paul M. Pantozzi. "He brings a wealth of industry knowledge and experience. His presence on our board will help us immeasurably in realizing our growth plans as we move forward as a publicly held company. He has very deep roots in the communities we serve." Most recently, Collins was responsible for overseeing the successful merger of Summit Bancorp into FleetBoston while preserving market share and customer base. Prior to the 2001 merger, Collins had been vice chairman of Summit Bancorp. He was a member of the board of directors of Summit Bancorp and its predecessor, UJB Financial Corp. from 1986 to 2001. At Summit, Collins was responsible for corporate planning, mergers and acquisitions, investor relations and the company's investment portfolio. He chaired the corporation's asset/liability committee and served as chairman of UJB Financial Services Corp., which provided data processing and operational support to Summit. Earlier, he had been with Commercial Trust and had served as chairman, CEO and president of its parent company, Commercial Bancshares, a New Jersey-based bank holding company. Summit Bancorp acquired Commercial Bancshares in 1986. Collins is a past chairman of the New Jersey Bankers Association, presently serving on its board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. and as an honorary chairman. He is also a past chairman of the St. Peter's College St. Peter's College may refer to: Places of education sorted by location Australia
In August, 2001, he became the first recipient of the Phil Rizzuto Humanitarian of the Year Award from St. Joseph's School for the Blind in Jersey City. Collins holds a bachelor's degree in accounting from St. Peter's College and an MBA from Rutgers University. The Provident Bank, a wholly owned subsidiary of Provident Financial Services, Inc., reported total assets of $4.1 billion as of March 31, 2003. Founded in 1839, the bank has 49 branches in northern and central New Jersey. |
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