Provident Bancorp, Inc. to Ring NASDAQ Closing Bell
Amesbury, MA, July 18, 2016 – In celebration of a successful Initial Public Offering (IPO), Provident Bancorp, Inc. (PVBC) and its wholly owned subsidiary, The Provident Bank, are pleased to announce its executive team will be participating in the Closing Bell Ceremony at the Nasdaq MarketSite in Times Square, New York on July 19th, 2016.
“We’ve had tremendous success since our IPO last July, and are honored to be participating in the NASDAQ closing bell ceremony to celebrate the one year anniversary of our NASDAQ listing. Some of our big accomplishments include being named by the U.S. Small Business Administration as the 7(A) Leading Lender in total dollars in New Hampshire for two-years in a row, receiving a 5-Star Rating from Bauer Financial for over nineteen consecutive quarters, as well as being added to the Small-Cap Russell 2000® Index,” stated The Provident Bank’s CEO Dave Mansfield.
Provident Bancorp, Inc. reported in its March 31, 2016 10-Q, total assets of $737 million. Net income attributable to common shareholders for the quarter was $1.5 million or $.16 earnings per share. The bank is continuing to increase its charitable giving programs and will soon be introducing its Leadership Giving Campaign that will provide impactful gifts to the community for up to $100K for specific topics challenging communities in its market areas.
“We are honored to be participating in such a prestigious event like the NASDAQ closing bell, which receives international recognition. Our mission is to positively impact the vitality of the communities we serve by creating customized banking solutions for small-to-medium size business customers. We are dedicated to our customers and our community and are thankful for their support in helping The Provident Bank achieve this milestone,” stated Mansfield.
To watch the closing bell ceremony live, please visit: https://new.livestream.com/nasdaq/live on July 19th, 2016 at 4pm EST.
About Provident Bancorp, Inc.:
Provident Bancorp, Inc. is a Massachusetts corporation that was formed in 2011 by The Provident Bank to be its holding company. Approximately 53.0% of Provident Bancorp, Inc.’s outstanding shares are owned by Provident Bancorp, a Massachusetts corporation and a mutual holding company. Established in 1828, The Provident Bank, the 10th oldest bank in the country, is a full-service community bank with a focus in commercial lending and business services with offices in Amesbury and Newburyport, Massachusetts as well as Bedford, Exeter, Hampton, Portsmouth and Seabrook, New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information about The Provident Bank please visit www.theprovidentbank.com or call 877-487-2977.
About NASDAQ, Inc.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately $9.6 trillion and more than 10,000 corporate clients.