New VP marks WaterStone bank’s continued evolution

WaterStone Bank recently hired David Provancher as its vice president and chief credit officer. Provancher works from WaterStone’s Waukesha office, which houses its commercial real estate and business lending operations.

Prior to joining WaterStone, he was vice president – business credit center manager with Marshall & Ilsley Bank.

Provancher will lead the bank’s recently created credit department and will oversee credit administration, credit policy and portfolio and loan review. He will also oversee lending for business banking, commercial real estate, residential real estate and consumer lending.

"This was an opportunity for me to expand my career and get involved in other aspects of lending," Provancher said.

Earlier this year, WaterStone Bank changed its name from Wauwatosa Savings Bank. Over the last two years, the bank has worked to increase its services, launching commercial banking, new consumer and mortgage products and other new services. Provancher’s hiring is another step in WaterStone’s process of transitioning to a full-service bank from a thrift, said Doug Gordon, president and CEO.

"As we continue to grow in business banking he can help us in structure," Gordon said. "A lot of what wins deals or brings in customers is the experience that lenders have. Dave’s got good experience with a number of industries. He can come up with things that can help our lenders differentiate themselves from others."

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