Provident Financial: Wealth Officer Valerie Murray to leave, effective May 22, 2026
Valerie O. Murray, President of Beacon Trust Company and Chief Wealth Management Officer of Provident Bank, announced on February 27, 2026 that she will step down to pursue other opportunities, effective May 22, 2026. The filing says the departure is not related to any disagreement with the company, and it describes a separation agreement that includes a lump sum payment of $1,200,000, less required tax withholding, subject to a release of claims.
Key points
- Resignation announced February 27, 2026; effective May 22, 2026
- Garden leave runs from March 27, 2026 to May 22, 2026, with Murray moving to a non-executive role and continuing to receive base salary and benefits
- Separation agreement provides a lump sum payment of $1,200,000, less required tax withholding, subject to a full and final release of claims
- Filing states the resignation is not related to a disagreement on the company's operations, policies or practices
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.