Jack L. Kopnisky Named Provident Bank's as New President and Chief Executive Officer

Provident New York Bancorp PBNY, the parent company of Provident Bank announced that effective July 6th, 2011, Jack L. Kopnisky officially assumed the position of President and Chief Executive Officer of the company and Provident Bank succeeding George Strayton who recently retired after 25 years at the helm of the Bank. Mr. Kopnisky, who also joins the Boards of Provident New York Bancorp, Provident Bank, and Provident Municipal Bank, brings to the Bank over three decades of experience in the banking and financial services industries. Prior to his appointment, Mr. Kopnisky served as Chief Executive Officer of SJB Escrow Corporation, a $1.1 billion investment pool since 2009, and as a partner in Mercatus LLC, a national financial services consulting and investing firm, since 2008. From 2005 until 2008, he was President and Chief Executive Officer of First Marblehead Corporation, a provider of outsourcing services for private education lending. As CEO of First Marblehead, Mr. Kopnisky significantly restructured and repositioned the company, doubling revenues and earnings from 2005 to 2007.