NB Bancorp (NBBK) director reports holdings after Provident merger
NB Bancorp, Inc. (NBBK) director beneficial ownership has been reported in connection with the merger of Provident Bancorp, Inc. into Needham, effective November 15, 2025.
Sentiment and the balance of points
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Rhea-AI Filing Summary
NB Bancorp, Inc. (NBBK) director beneficial ownership has been reported in connection with the merger of Provident Bancorp, Inc. into Needham, effective November 15, 2025. The reporting person holds 12,012 shares of NB Bancorp common stock directly, 36,465 shares indirectly through a revocable trust, and 2,398 shares indirectly through an ESOP. Under the merger agreement, each share of Provident common stock was converted into the right to receive either $13.00 in cash or 0.691 shares of Needham common stock, subject to proration and allocation terms in the merger agreement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Pursuant to the terms of the Agreement and Plan of Merger, dated June 5, 2025, among NB Bancorp, Inc. ("Needham"), Needham Bank, 1828 MS, Inc., Provident Bancorp, Inc., ("Provident") and BankProv (the "Merger Agreement"), upon the merger of Provident into Needham, effective November 15, 2025 (the "Merger"), each share of Provident common stock was converted into the right to receive, at the election of the holder, either (i) $13.00 in cash or (ii) 0.691 shares of Needham common stock (the "Exchange Ratio"), subject to certain proration and allocation provisions contained in the Merger Agreement.
- F2. Pursuant to the terms of the Merger Agreement, each share of Provident common stock was converted into the right to receive, at the election of the holder, (i) $13.00 in cash, or (ii) the Exchange Ratio, subject to certain proration and allocation provisions contained in the Merger Agreement.
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