Provident Bancorp, Inc.: management transactions · United States · SEC (Form 4)

About Provident Bancorp, Inc.

Provident Bancorp, Inc. /MD/ (ticker PVBC) was a U.S.-listed bank holding company on the NASDAQ market in the United States, with BankProv as its operating banking subsidiary. The franchise was historically anchored in Amesbury, Massachusetts, and its banking roots dated back to 1828, giving it an unusually long operating history for a small-cap financial institution. In its recent form, the company was positioned as a regional commercial bank focused on business relationships, serving small and mid-sized companies, real estate investors, and, to a lesser extent, retail customers. Provident Bancorp’s business model was primarily loan-driven and centered on net interest income. BankProv offered a diversified lending platform that included commercial business lending, commercial real estate, multifamily, construction and land development, mortgage warehouse finance, enterprise value lending, digital asset-related loans, and consumer loans. Funding was largely supported by customer deposits, which is typical for a U.S. regional deposit-taking bank. The company also generated noninterest income from customer service fees, swap-related activity, and other fee streams, although its earnings profile remained fundamentally tied to credit performance and interest-rate spreads. From a competitive standpoint, PVBC operated in a highly fragmented local banking environment where value creation depends on underwriting discipline, deposit gathering capabilities, and operating efficiency. Its relatively small size placed it in competition with larger regional banks as well as other community lenders across New England. Geographically, the bank’s footprint was concentrated in the northeastern United States, with a headquarters in Amesbury and branch coverage in northeastern Massachusetts and southeastern New Hampshire. Recent developments were dominated by the company’s merger process. In 2025, Provident Bancorp reported quarterly results and then moved into a strategic combination with NB Bancorp. SEC filings show that shareholders approved the transaction and that NB Bancorp completed its acquisition of Provident Bancorp and BankProv on November 15, 2025, after which PVBC was delisted from NASDAQ. The transaction converted Provident into part of a larger New England banking platform and effectively ended its life as an independent publicly traded issuer. For investors, PVBC is therefore best viewed as a legacy regional banking name with a long operating history, a Northeast U.S. franchise, a loan-and-deposit model, and a recent exit through consolidation rather than as an ongoing standalone listed company.