Provident Bank said Aug. 6 that Michael A. Perito has joined as senior vice president and head of corporate strategy, a new position.
Perito will be responsible for overseeing the development and execution of the bank’s overall strategic plan, identifying growth opportunities, and ensuring the bank’s strategy aligns with its goals within the regional banking landscape. He will report to Adriano Duarte, executive vice president, chief accounting officer.
“His proven expertise in strategic planning and understanding of market trends will be crucial in shaping Provident’s strategy to grow while continuing to deliver value for all stakeholders,” said Duarte.
Perito joins Provident Bank from The Travillian Group, where he founded its bank-consulting practice and served as principal, head of bank strategy. His expertise includes strategic and financial planning, investor relations, corporate development, and digital strategy.
Prior to this, he served as a managing director, equity research – banks, financial technology at Keefe, Bruyette & Woods, a Stifel Company, where he covered more than 30 fintech-enabled and regional banks and led the firm’s bank-technology research efforts.
His background includes leading research efforts on critical industry trends, advising senior executives on strategic planning, and managing and developing teams in complex financial environments.
“I look forward to contributing to a strategy that is built for the evolving banking landscape, while continuing to ensure that our customers, employees, shareholders, and communities remain at the center of all that we do,” said Mr. Perito.
