Provident Bank names new chief wealth officer

Provident Bank in Iselin, New Jersey, has promoted Annamaria Vitelli, a former private bank leader at PNC Financial Services Group, to dual roles: chief wealth officer of the bank and president of Beacon Trust, the bank’s wealth management subsidiary.

Vitelli, who joined the company last fall as Beacon’s chief growth officer, will report directly to Provident Bank President and CEO Anthony Labozzetta, the bank said in a press release. She will serve on the bank’s executive management team.

In her new role, Vitelli will oversee Provident’s wealth management business, including investment management, trust and fiduciary services, the bank said. She will also focus on expanding Beacon Trust’s customer base as well as its products and services.

Vitelli succeeds Valerie Murray, who left the bank last month, according to Murray’s LinkedIn profile. 

Provident Bank is the banking subsidiary of Provident Financial Services, which had about $25 billion of assets at the end of March.—Allissa Kline