The Provident Bank selects Fidelity's ACBS for commercial lending

The Provident Bank will utilize ACBS to support the bank's continued growth in commercial lending. The agreement includes implementation, application processing services and training. Through Fidelity's ASP processing capability, The Provident Bank will have complete access to the world-class capabilities of ACBS.

Established in 1839, The Provident Bank is a community and customer- oriented company. With over $6 billion in assets, The Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of individuals, families and businesses in northern and central New Jersey.

"We have selected software and processing capability that will enable the The Provident Bank to continue its commercial portfolio growth, together with improvements in efficiencies and credit risk management," said Donald Blum, Executive Vice President and Chief Lending Officer for The Provident Bank. "Our goal is to provide our Relationship Managers with the range and depth of financial products they need to compete effectively, and couple them with timely delivery and superb customer service."

"Our customers continue to validate that our strategy and improvements in the commercial lending sector is in line with their needs," said Richard Levy, president of Fidelity Information Services' ACBS division. "Having leading commercial lending systems available through an ASP means that The Provident Bank will have the tools to meet the corporate objectives of the bank and their customers. The Provident Bank, like all of our clients, will enjoy a close partnership with ACBS and will benefit from Fidelity's commitment to support, service and further product investment."