The parent of The Provident Bank expects to raise $102 million through a stock offering this week that will turn it into a fully public company. The move marks the latest step in Provident Bancorp Inc.'s transformation under CEO David Mansfield.

Provident Bancorp, Inc. (the “Company”) announced today that Provident Bancorp (the “MHC”) has completed its conversion from the mutual holding company to the stock holding company form of organization (the “Conversion”) and the Company has completed it related stock offering. As a result of the closing of the Conversion, the Company is now the holding company of The Provident Bank (the “Bank”).

AMESBURY, Mass., May 08, 2020 -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the.

Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank, announced today that it has received all required regulatory approvals for the conversion of Provident Bancorp (the “MHC”) from the mutual holding company to the stock holding company form of organization (the “Conversion”).  The closing of the Conversion and the related subscription and community offerings is expected to occur at the close of business on October 16, 2019, subject to customary closing conditions.

If you want to know who really controls Provident Bancorp, Inc. (NASDAQ:PVBC), then you'll have to look at the makeup...

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

AMESBURY, Mass., Oct. 17, 2019 -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the.

AMESBURY, Mass., Jan. 23, 2020 -- Provident Bancorp, Inc. (the “Company”) (NasdaqCM: PVBC), the holding company for The Provident Bank (the “Bank”), reported net income for the.

Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]

The Provident Bank has entered the Warehouse Lending business by acquiring United Bank's legacy ResX Warehouse Lending portfolio from People's United Bank, N.A. on January 17, 2020. “The expertise and leadership of the ResX team provided us an opportunity to obtain a portfolio that is immediately accretive to earnings,” said David Mansfield, CEO of The Provident Bank.

The simplest way to benefit from a rising market is to buy an index fund. But if you buy individual stocks, you can do...

Provident Bancorp, Inc. (the “Company”) (PVBC), the holding company for The Provident Bank (the “Bank”), announced today that the Company has initiated the payment of quarterly cash dividends. The initial dividend will be paid on May 14, 2020 to stockholders of record as of April 30, 2020. This is the Company’s first dividend since completing its mutual-to-stock conversion and related stock offering in October 2019.

Today we'll take a closer look at Provident Bancorp, Inc. (NASDAQ:PVBC) from a dividend investor's perspective. Owning...

Provident Bancorp, Inc. (the “Company”) (PVBC), the holding company for The Provident Bank (the “Bank”), announced that the Company has initiated the payment of quarterly cash dividends. The initial dividend of $0.03 per share will be paid on May 14, 2020 to stockholders of record as of April 30, 2020. This is the Company’s first dividend since completing its mutual-to-stock conversion and related stock offering in October 2019.

Provident Bancorp, Inc. (the “Company”) (PVBC), the holding company for The Provident Bank (the “Bank”), announced today that the Company intends to initiate a quarterly dividend policy and will request the non-objection of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) for a quarterly dividend of up to $0.03 per share, payable during the second quarter of 2020. The Company also announced that it will seek the approval or non-objection of the Federal Reserve and the Massachusetts Commissioner of Banks to initiate a stock repurchase program for up to 976,460 shares, or 5% of the Company’s outstanding shares of common stock.

Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank, announced today that Provident Bancorp, Inc., a newly formed Maryland corporation (“New Provident”) that is the proposed successor holding company for The Provident Bank, has ended its community stock offering in connection with the Company’s previously announced plans to become a fully public company. The shares of common stock of the new holding company are not savings accounts or savings deposits, may lose value and are not insured by the Federal Deposit Insurance Corporation, any other government agency or the Depositors Insurance Fund.

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Unfortunately for some shareholders, the Provident Bancorp (NASDAQ:PVBC) share price has dived 31% in the last thirty...

In 2013 Dave Mansfield was appointed CEO of Provident Bancorp, Inc. (NASDAQ:PVBC). First, this article will compare...