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Get filing alertsProvident Financial appoints former FDIC examiner to board, promotes CAO
Filed August 4, 2026 · Period ending July 30, 2026 · ~1 min read
Key Changes
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Michael E. Regan, a former FDIC Senior Bank Examiner with 35+ years of regulatory experience, elected to the board and appointed to Audit, Enterprise Risk, and Finance Committees, expanding the board from 12 to 13 directors.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Diane Gigliotti promoted from Controller to Chief Accounting Officer, overseeing accounting policy, financial reporting, regulatory reporting, internal controls, and tax oversight; base salary $310,000 with 30% annual and 25% long-term incentive targets.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Regan's FDIC background includes advising boards on corporate governance, enterprise risk management, capital adequacy, and regulatory compliance across institutions ranging from $100 million to over $100 billion in assets.
Exhibit 99.1 view on EDGAR →
Summary
Provident Financial Services strengthened its board and accounting leadership on July 30, 2026. The company elected Michael E. Regan, a former FDIC Senior Bank Examiner with over 35 years of regulatory experience, to its board of directors and appointed him to the Audit, Enterprise Risk, and Finance Committees.
Regan's career focused on advising boards and executive teams on governance, risk management, capital adequacy, and regulatory compliance across financial institutions of varying complexity. The board expanded from 12 to 13 members to accommodate the appointment. Separately, Diane Gigliotti was promoted from Senior Vice President and Controller to Chief Accounting Officer.
In her expanded role, she will oversee accounting policy, financial reporting, regulatory reporting, internal controls, tax oversight, and accounting operations, and serve as a strategic advisor on complex accounting matters. Gigliotti brings over 20 years of experience in accounting and financial services, including prior roles as CFO at BBVA's New York Branch. Her compensation includes a $310,000 base salary with 30% annual and 25% long-term incentive targets. Both appointments represent routine governance and organizational development for the regional bank holding company.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
PFS elected a new director and appointed a Chief Accounting Officer, both effective July 30, 2026.
Added in current filing · verify on EDGAR →
On July 30, 2026, the Board of Directors (the “Board”) of Provident Financial Services, Inc. (the “Company”) elected Michael E. Regan as a Class of 2028 director for a term expiring at the 2028 annual meeting of stockholders and until his successor is elected and qualified. Mr. Regan also was elected to the Board of Directors of Provident Bank (the “Bank”), the Company’s wholly owned subsidiary. In connection with Mr. Regan’s election, the Company and the Bank have each expanded the sizes of their respective Boards of Directors from 12 to 13 directors. In addition, Mr. Regan was appointed to serve as a member of the Company’s Audit Committee, the Enterprise Risk Committee and the Finance Committee.
The company elected Michael E. Regan to its Board of Directors as a Class of 2028 director, expanding the board from 12 to 13 members. He was also appointed to the Audit, Enterprise Risk, and Finance Committees. He will receive standard non-employee director compensation including cash retainers and equity awards.
Event · Item 7.01 — Regulation FD Disclosure
PFS announced board election of Mr. Regan and appointment of Ms. Gigliotti as SVP and Chief Accounting Officer.
Added in current filing · verify on EDGAR →
A copy of the press release announcing Mr. Regan’s election to the Board is furnished as Exhibit 99.1
The company disclosed that Mr. Regan was elected to the Board of Directors. The specific details of his background, qualifications, and the circumstances of his election are contained in the press release furnished as Exhibit 99.1, which was not included in the 8-K body text.
Added in current filing · verify on EDGAR →
A copy of the press release announcing Ms. Gigliotti’s appointment as Senior Vice President and Chief Accounting Officer is furnished as Exhibit 99.2
The company disclosed that Ms. Gigliotti was appointed as Senior Vice President and Chief Accounting Officer. The Chief Accounting Officer is a principal accounting officer role responsible for financial reporting and internal controls. The specific details of her background, qualifications, and appointment terms are contained in the press release furnished as Exhibit 99.2, which was not included in the 8-K body text.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Mr. Regan is a seasoned financial regulatory executive with more than 35 years of experience overseeing the safety, soundness, governance, and risk management practices of community, regional, and complex financial institutions. During his distinguished career with the Federal Deposit Insurance Corporation (FDIC), he advised boards of directors and executive leadership teams on corporate governance, enterprise risk management, capital adequacy, liquidity oversight, and regulatory compliance.
Regan's career at the FDIC focused on advising boards and executive teams on governance, risk management, capital adequacy, and regulatory compliance across financial institutions of varying complexity. As a Senior Bank Examiner, he led safety and soundness examinations, presented findings to board committees, and provided assessments of credit risk, operational resilience, cybersecurity, and internal controls. This regulatory expertise is expected to strengthen Provident's governance and risk oversight capabilities.
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
Diane Gigliotti has been promoted to Senior Vice President, Chief Accounting Officer. Previously serving as the Bank’s Controller, Gigliotti will report to Adriano Duarte, Executive Vice President and Chief Financial Officer.
Diane Gigliotti was promoted from Controller to Senior Vice President, Chief Accounting Officer at both Provident Financial Services and Provident Bank. She will report to the CFO and oversee the company's accounting function, including accounting policy, financial reporting, regulatory reporting, internal controls, tax oversight, and accounting operations.
Added in current filing · view on EDGAR →
In her new role, Gigliotti will provide leadership and oversight for the Company and the Bank’s accounting function, including accounting policy, financial reporting, regulatory reporting, internal controls, tax oversight, and accounting operations. She will also serve as a strategic advisor on complex accounting matters, helping ensure the integrity of the Company’s financial reporting and supporting sound business decision-making.
The Chief Accounting Officer role encompasses broad oversight of accounting policy, financial reporting, regulatory reporting, internal controls, tax oversight, and accounting operations. Gigliotti will also serve as a strategic advisor on complex accounting matters to ensure the integrity of financial reporting and support business decision-making.
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Added in current filing · view on EDGAR →
Gigliotti brings more than 20 years of experience in accounting, finance, regulatory reporting, and financial services leadership. Prior to joining Provident, she served as Chief Financial Officer and Managing Director of BBVA’s New York Branch, where she was responsible for accounting, financial reporting, regulatory reporting, tax oversight, audit coordination, and executive financial management.
Gigliotti has over 20 years of experience in accounting, finance, and regulatory reporting. Before joining Provident, she was CFO and Managing Director at BBVA's New York Branch, where she led accounting, financial reporting, regulatory reporting, tax oversight, audit coordination, and executive financial management. She also held positions at Merrill Lynch and PricewaterhouseCoopers.
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