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William O. Schmid of Allendale has been named vice president of healthcare financial services at Provident Bank.
Schmid is based out of the bank’s Morristown office and will be responsible for supporting the financing needs of healthcare professionals, cultivating new business relationships and managing the lending process. Schmid comes to Provident with more than 20 years of banking experience. Most recently, he held the position of vice president of healthcare financial services at Valley National Bank, where he generated and managed the largest healthcare portfolio focusing on surgery centers, multi-specialty and specialty practices, long-term care facilities, dental practices and other healthcare providers. Earlier in his career, he held positions at Commerce Bank and National Australia Bank.
Schmid earned a bachelor’s degree in finance with a dual concentration in accounting and entrepreneurship from Gettysburg College and completed a Semester At Sea experience circumnavigating the globe. He also earned a master’s degree in finance from Rutgers Graduate School of Management. In addition, he is a board member of the Allendale Travel Basketball Association and head coach of the Allendale Firecrackers 5th grade girls’ travel basketball team.
With $5.4 billion in deposits, The Provident Bank (www.ProvidentNJ.com) serves its customers via a network of full-service branches throughout northern and central New Jersey. The Provident Bank is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $7.3 billion as of September 30, 2012.