(AMESBURY, MA., November 20, 2018) – The Provident Bank’s President and Chief Lending Officer, Chuck Withee, presented to the members of New England Business Association (NEBA) at their Senior Executive Circle Workshop on November 9th. His presentation addressed senior executives interested in exiting their business. With a niche lending market in mergers & acquisition financing, Withee and his team have expertise assisting CEO’s of small to medium sized businesses transition out of their business.
“Selling a business can be very stressful for business owners, especially if they do not have the right team in place to walk them through the process,” comments Withee. “Our mergers and acquisition team has not only helped budding entrepreneurs acquire businesses, but they have also addressed the unique financing needs of business owners ready to sell. We have the resources in place to help them through the transition.”
NEBA (formerly Smaller Business Association of New England (SBANE)) is a non-profit organization established to provide a legislative voice for small businesses at the state and federal levels, and to make practical information available to help business owners grow their companies.
“Several times a year, we bring together a panel of business experts to discuss critical topics affecting business owners today,” comments Karim Hill, President and CEO of The New England Business Association. “We are grateful to have Chuck Withee available to discuss exit strategies at this workshop. With a niche lending market in mergers and acquisitions, his team can help guide business owners through the financial process of selling their business. Having that resource available to business owners can alleviate a lot of stress during the transaction.”
NEBA has partnered with industry experts to create the Senior Executive Circle Workshop for C-Suite executives, with the goal of deepening leadership effectiveness by identifying factors that strengthen executive presence, effect positive change and impact organizational evolution. The November 9th event featured experts in the field of exit strategies, recruitment and licensing.
Brendon Davis, President of The Davis Companies discussed how to recruit and retain the next generation of employees, with an emphasis on millennials. As President, Brendon’s focus is to lead a team of talented individuals who maintain a level of high performance and integrity. He works with his team to ensure they are equipped to lead and grow their organizations and careers to the highest potential.
Doug Radigan, Partner at Bowditch & Dewey, lead a case study analysis and discussion about the Apple vs. Sapphire case to discuss with business owners how to know when to license and when to scale. Doug is an aggressive advocate with substantial trial and dispute resolution experience. He represents a diverse variety of corporate and individual clients in complex commercial and other civil litigation matters.
About The Provident
The Provident Bank, a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC), is an innovative, commercial bank that finds solutions for our business and private clients. We are committed to strengthening the economic development of the regions we serve, by working closely with businesses and private clients and delivering superior products and high-touch services to meet their banking needs. The Provident has offices in Massachusetts and 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).