Provident Bancorp Stock Price, News & Analysis

Provident Bancorp, Inc. (NASDAQ: PVBC) was a publicly traded bank holding company in the U.S. savings institutions industry within the finance and insurance sector. According to its public disclosures, Provident Bancorp, Inc. was the holding company for BankProv, a full-service commercial bank headquartered in Massachusetts. BankProv traced its roots to Amesbury, Massachusetts, where it was founded in 1828, and it has been described in company materials as the 10th oldest bank in the nation.

As a commercial bank, BankProv operated with a regional focus. Company descriptions in its earnings releases state that BankProv maintained retail branches in the Seacoast Region of Northeastern Massachusetts and New Hampshire, as well as commercial banking offices in the Manchester/Concord market in Central New Hampshire. In other communications, the bank is also described as having retail branches in the North Shore of Massachusetts and in southern New Hampshire, and commercial banking offices in the Manchester/Concord market in Central New Hampshire, along with a loan office in Ponte Vedra Beach, Florida. These locations supported its strategy of delivering traditional banking services alongside what the company characterized as innovative financial solutions to its markets.

Throughout its public communications, Provident Bancorp emphasized that BankProv was a full-service commercial bank. While detailed product lists are not provided in the available materials, the bank’s description as a commercial institution with retail branches and commercial banking offices indicates a focus on serving business and community banking needs within its geographic footprint. The bank’s operations were supported by deposits and loans across multiple categories, as reflected in its SEC-filed financial statements, which list commercial real estate, construction and land development, residential real estate, mortgage warehouse, commercial, enterprise value, and consumer loan segments.

A notable feature highlighted in the company’s earnings releases is BankProv’s approach to depositor protection. The bank stated that it insures 100% of deposits through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). This structure, as described by the company, is intended to provide deposit insurance coverage beyond standard federal limits, and has been presented as part of the bank’s longstanding emphasis on the safety and security of customers’ financial assets.

Provident Bancorp’s public filings and press releases also underscore the institution’s historical continuity and community orientation. The company noted that BankProv has served its communities for nearly 200 years, and that it has maintained a presence in the Seacoast Region of Northeastern Massachusetts and New Hampshire. In various communications, management referred to the bank’s efforts to build strong, lasting relationships within its markets and to balance growth in traditional commercial and commercial real estate lending with a reduction in higher-risk segments such as its enterprise value loan portfolio.

Corporate transformation and merger into NB Bancorp, Inc.

Provident Bancorp, Inc. underwent a significant corporate transformation as a result of its merger with NB Bancorp, Inc., the holding company for Needham Bank. On June 5, 2025, Provident announced that it had entered into a definitive Agreement and Plan of Merger under which Provident would merge with and into NB Bancorp in a stock-and-cash transaction, with BankProv to merge with and into Needham Bank following completion of the holding company merger. The merger agreement was unanimously approved by the boards of both companies.

On September 16, 2025, according to an 8-K filed on September 17, 2025, Provident’s stockholders approved the merger agreement and the transactions contemplated by it, including the merger of 1828 MS, Inc. with and into Provident Bancorp, with Provident as the surviving entity at that step. Subsequent joint press releases from NB Bancorp and Provident detailed the receipt of all required regulatory approvals and confirmed the expected closing timeline in November 2025.

The merger was completed in mid-November 2025. In an 8-K filed on November 17, 2025, Provident Bancorp reported that, effective at 12:01 a.m. Eastern Time on November 15, 2025, 1828 MS, Inc. merged with and into Provident Bancorp, with Provident as the surviving entity (the “Merger”). Immediately thereafter, Provident Bancorp merged with and into NB Bancorp (the “HoldCo Merger”), and BankProv merged with and into Needham Bank (the “Bank Merger”). These steps, collectively referred to as the “Transaction,” resulted in NB Bancorp becoming the surviving holding company and Needham Bank becoming the surviving bank.

Under the terms described in company press releases and the November 17, 2025 Form 8-K, each share of Provident Bancorp common stock outstanding immediately prior to the effective time of the merger (other than certain excluded shares) was converted into the right to receive, at the election of the holder and subject to allocation and proration procedures, either a specified number of NB Bancorp common shares or a fixed cash amount per Provident share. The allocation procedures were designed so that 50% of Provident shares would receive stock consideration and 50% would receive cash consideration. Holders receiving NB Bancorp stock also became entitled to cash in lieu of fractional shares.

Delisting of PVBC and change in reporting status

As a consequence of the merger, Provident Bancorp, Inc. ceased to exist as an independent public company, and its common stock no longer met the listing requirements of the NASDAQ Capital Market. The November 17, 2025 Form 8-K states that Provident Bancorp notified NASDAQ that trading in its common stock should be suspended and that the listing of Provident common stock should be removed, effective as of the effective time of the merger. The company requested that NASDAQ file a Form 25 with the U.S. Securities and Exchange Commission to remove the listing and registration of Provident common stock under Section 12(b) of the Securities Exchange Act of 1934.

The same filing indicates that NB Bancorp, as successor to Provident Bancorp, intends to file a certification on Form 15 to terminate the registration of Provident Bancorp common stock under Section 12(g) of the Exchange Act and to suspend Provident’s reporting obligations under Sections 13 and 15(d) of the Exchange Act. At the effective time of the merger, holders of Provident Bancorp common stock ceased to have rights as stockholders of Provident Bancorp, other than the right to receive the merger consideration to which they were entitled under the merger agreement.

For investors and researchers reviewing the historical PVBC ticker, this means that PVBC now represents a former, acquired company. Current information about the combined organization, including ongoing financial performance and regulatory filings, is available under NB Bancorp, Inc. and Needham Bank, while the PVBC symbol and legacy Provident Bancorp filings serve as a record of the company’s operations and financial condition prior to its acquisition.

Historical context and business focus

Before its acquisition, Provident Bancorp, Inc. used its quarterly earnings releases and SEC filings to describe its strategic priorities and balance sheet composition. These disclosures show that the company monitored loan portfolio mix across commercial real estate, construction and land development, mortgage warehouse, commercial, enterprise value, and other categories, and that it pursued targeted growth in traditional commercial and commercial real estate lending while reducing exposure in its enterprise value loan portfolio.

The company’s financial reports also discussed its management of deposit funding, including retail deposits, brokered deposits, and deposits obtained through listing services. Provident highlighted efforts to reduce higher-cost funding sources and to manage the cost of interest-bearing liabilities in response to prevailing interest rate trends. In addition, the bank’s capital ratios and its categorization as “well capitalized” under the Federal Deposit Insurance Corporation regulatory framework for prompt corrective action were periodically noted in its public communications.

These historical disclosures, together with the merger documentation, provide a detailed picture of Provident Bancorp, Inc. as a regional bank holding company focused on commercial banking in Massachusetts and New Hampshire, operating through BankProv, and ultimately integrating into NB Bancorp and Needham Bank through the 2025 merger transaction.

Frequently asked questions about Provident Bancorp, Inc. (PVBC)

• What was Provident Bancorp, Inc. (PVBC)?
  

  Provident Bancorp, Inc. was a Maryland-incorporated bank holding company whose common stock traded on the NASDAQ Capital Market under the symbol PVBC. It served as the holding company for BankProv, a full-service commercial bank headquartered in Massachusetts.

• What is BankProv?
  

  BankProv was the banking subsidiary of Provident Bancorp, Inc. Company disclosures describe BankProv as a full-service commercial bank founded in Amesbury, Massachusetts in 1828, operating retail branches in Northeastern Massachusetts and New Hampshire and commercial banking offices in Central New Hampshire. In some communications, the bank is also described as having a loan office in Ponte Vedra Beach, Florida.

• In which industry and sector did PVBC operate?
  

  Based on the provided classification, PVBC operated in the savings institutions industry within the broader finance and insurance sector, reflecting its role as a bank holding company for a commercial bank.

• What happened to PVBC and BankProv?
  

  Under an Agreement and Plan of Merger dated June 5, 2025, Provident Bancorp, Inc. agreed to merge with and into NB Bancorp, Inc., the holding company for Needham Bank. According to a Form 8-K filed on November 17, 2025, the merger and related transactions became effective at 12:01 a.m. Eastern Time on November 15, 2025. Immediately after the holding company merger, BankProv merged with and into Needham Bank.

• Does PVBC stock still trade?
  

  No. The November 17, 2025 Form 8-K states that, as a result of the merger, Provident Bancorp no longer fulfilled NASDAQ listing requirements. Provident notified NASDAQ that trading in its common stock should be suspended and requested that NASDAQ file a Form 25 to remove the listing and registration of its common stock. Following these steps, PVBC ceased trading as an independent listing.

• What did PVBC shareholders receive in the merger?
  

  Under the merger agreement, each share of Provident Bancorp common stock outstanding immediately prior to the effective time (other than certain excluded shares) was converted into the right to receive, at the election of the holder and subject to allocation and proration procedures, either a specified number of NB Bancorp common shares or a fixed cash amount per share. The allocation procedures were designed so that 50% of Provident shares would receive stock consideration and 50% would receive cash consideration, with cash paid in lieu of fractional NB Bancorp shares.

• Who is the successor company to Provident Bancorp, Inc.?
  

  NB Bancorp, Inc., the holding company for Needham Bank, is identified in the November 17, 2025 Form 8-K as the surviving entity of the merger. NB Bancorp is described as the successor to Provident Bancorp for purposes including the planned filing of a Form 15 to terminate the registration of Provident’s common stock.

• How did BankProv describe its deposit insurance coverage?
  

  In multiple earnings releases, the company stated that BankProv insures 100% of deposits through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), which was presented as a way to provide coverage beyond standard federal deposit insurance limits.

• What geographic markets did BankProv focus on before the merger?
  

  Company descriptions indicate that BankProv focused on the Seacoast Region of Northeastern Massachusetts and New Hampshire, the North Shore of Massachusetts, southern New Hampshire, and the Manchester/Concord market in Central New Hampshire. A loan office in Ponte Vedra Beach, Florida is also mentioned in merger-related communications.

• Where can I find historical financial information about PVBC?
  

  Historical financial information, including annual and quarterly results, is available in Provident Bancorp, Inc.’s SEC filings such as Forms 10-K, 10-Q, and 8-K filed prior to the completion of the merger. These documents remain accessible through the SEC’s EDGAR system and provide detailed historical data on the company’s operations and financial condition.