Earnings summaries and quarterly performance for Provident Bancorp, Inc. /MD/.
Executive leadership at Provident Bancorp, Inc. /MD/.
Board of directors at Provident Bancorp, Inc. /MD/.
Research analysts covering Provident Bancorp, Inc. /MD/.
Recent press releases and 8-K filings for PVBC.
Provident Bancorp, Inc. and NB Bancorp, Inc. Announce Merger Closing
PVBC
M&A
Delisting/Listing Issues
Board Change
- NB Bancorp, Inc. and Provident Bancorp, Inc. have satisfied all closing conditions for their merger.
- The merger transaction is scheduled to become effective shortly after midnight (Eastern Time) on November 15, 2025.
- Provident common stock will be delisted from the NASDAQ Global Select Market following the close of trading on November 14, 2025.
- Joseph B. Reilly has been appointed as a director of Needham and Needham Bank, effective upon the merger's completion.
Nov 14, 2025, 9:16 PM
Provident Bancorp and NB Bancorp Announce Merger Closing
PVBC
M&A
Delisting/Listing Issues
Board Change
- NB Bancorp, Inc. and Provident Bancorp, Inc. announced that all closing conditions for their merger have been satisfied, with the merger transaction becoming effective shortly after midnight (Eastern Time) on November 15, 2025.
- Provident common stock will be delisted from the NASDAQ Global Select Market following the close of trading on November 14, 2025, which will be its last day of trading.
- Joseph B. Reilly has been appointed as a director of Needham and Needham Bank, effective as of the merger's Effective Time.
Nov 14, 2025, 9:15 PM
Provident Bancorp, Inc. Announces Final Proration of Merger Consideration
PVBC
M&A
Takeover Bid
- The merger between NB Bancorp, Inc. and Provident Bancorp, Inc. is anticipated to be completed on November 15, 2025, at 12:01 a.m. (Eastern Time).
- Provident shareholders could elect to receive either 0.691 shares of Needham common stock or $13.00 in cash per share, with the total stock consideration capped at 50% of Provident's outstanding shares.
- The election deadline for consideration was November 7, 2025, with approximately 75.33% of shares electing cash, 16.31% electing stock, and 8.36% making no timely election.
- After proration, approximately 66.377% of cash election shares will receive cash, while the remaining 33.623% of cash election shares, all stock election shares, and non-election shares will receive stock consideration.
- Needham estimates it will issue a total of approximately 5,944,350 shares of Needham common stock in the merger.
Nov 13, 2025, 1:35 PM
Provident Bancorp, Inc. and NB Bancorp, Inc. Announce Final Proration of Merger Consideration
PVBC
M&A
Takeover Bid
- The merger between NB Bancorp, Inc. and Provident Bancorp, Inc. is anticipated to be completed on November 15, 2025, at 12:01 a.m. (Eastern Time).
- Under the merger agreement, Provident shareholders will receive either 0.691 shares of Needham common stock or $13.00 in cash per share, with the total consideration allocated to ensure 50% stock and 50% cash.
- Following the election deadline on November 7, 2025, 16.31% of shares timely elected stock, 75.33% elected cash, and 8.36% made no timely election.
- After proration, approximately 66.377% of cash election shares will receive cash, while the remaining 33.623% of cash election shares, along with all stock election and non-election shares, will be converted into Needham common stock.
- Needham estimates it will issue approximately 5,944,350 shares of its common stock in the merger, resulting in a pro forma total of approximately 45,770,800 shares outstanding as of November 12, 2025.
Nov 13, 2025, 1:30 PM
Provident Bancorp and NB Bancorp Announce Merger Election Deadline and Expected Closing Date
PVBC
M&A
Takeover Bid
Delisting/Listing Issues
- The deadline for Provident common stockholders to elect their preferred form of merger consideration is 5:00 p.m. (Eastern Time) on November 7, 2025.
- The merger of Provident with and into Needham is expected to become effective shortly after midnight (Eastern Time) on November 15, 2025, and November 14, 2025, will be the last day Provident common stock will trade.
- Provident stockholders can elect to receive either 0.691 shares of Needham common stock per share of Provident common stock or $13.00 in cash per share of Provident common stock, subject to allocation and proration procedures. Stockholders who do not make a proper election will have their shares exchanged for a combination of stock and/or cash depending on other stockholders' elections.
Oct 31, 2025, 8:10 PM
Provident Bancorp and NB Bancorp Announce Merger Election Deadline and Closing Date
PVBC
M&A
- The deadline for Provident Bancorp, Inc. stockholders to elect their preferred form of merger consideration is 5:00 p.m. (Eastern Time) on November 7, 2025.
- The merger of Provident Bancorp, Inc. with and into NB Bancorp, Inc. is expected to become effective shortly after midnight (Eastern Time) on November 15, 2025.
- November 14, 2025, will be the last day on which Provident common stock will trade.
- Provident stockholders can elect to receive either 0.691 shares of Needham common stock or $13.00 in cash per share of Provident common stock, subject to allocation and proration procedures.
Oct 31, 2025, 8:10 PM
Provident Bancorp, Inc. Announces Receipt of Regulatory Approvals and Anticipated Merger Closing Date
PVBC
M&A
- All required regulatory approvals have been received for the proposed merger between NB Bancorp, Inc. and Provident Bancorp, Inc..
- Provident stockholders approved the merger on September 16, 2025, following its initial announcement on June 5, 2025.
- The proposed merger is expected to be completed on or about November 14, 2025, subject to the satisfaction of remaining customary closing conditions.
Oct 20, 2025, 8:15 PM
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