Provident Sells Out; Ditches Local-Name and Goes National

Provident New York has agreed to purchase Sterling New York Bancorp and intends to adopt a national charter under the name Sterling National Bank, while remaining based out of its current Montebello offices. Since longtime CEO George Strayton retired in 2011 and due to changes in the structure of banking in the United States which […]

2012 Rockland Boulders Training Camp Schedule Announced

Includes Exhibition Game Against NYPD Baseball Team The Rockland Boulders announced their 2012 training camp schedule which features a charity exhibition game against the New York City Police Department baseball team and a home game on Mothers Day. The team also announced the shared use of Provident Bank Park with the Quebec Capitales for a […]

Provident to Acquire Gotham Bank of New York

Provident New York Bancorp (NYSE: PBNY), announced on Wednesday that its Provident Bank subsidiary has entered into a definitive agreement to acquire Gotham Bank of New York (PINKSHEETS: GOBN) in a cash transaction valued at approximately $40.5 million. The closing consideration will be 125 percent of adjusted tangible net worth as calculated under the merger […]