Provident Financial completed the merger with SB One Bancorp in a $209m deal.

Provident Financial, the parent company of Provident Bank, completed the merger with SB One Bancorp, the parent company of SB One Bank, in a $209m deal. “We are excited about our partnership with SB One. This business combination provides attractive financial attributes to shareholders of both Provident and SB One. At $12bn in assets, the combined company comfortably surpasses the $10bn asset threshold and provides Provident a clear management succession plan with the addition of a very skilled leader and banker in Tony Labozzetta, who will serve as President and Chief Operating Officer of the combined company,” Christopher Martin, Provident Chairman and CEO.