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Provident Bancorp, Inc. (PVBC) Create: Alert

All | News | Filings
Date FiledTypeDescription
07/28/2023 8-K Quarterly results
05/17/2023 8-K Regulation FD Disclosure  Interactive Data
03/31/2023 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
12/23/2022 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
Docs: "Separation Agreement and Full and Final Release of Claims with David P. Mansfield",
"Amesbury, Massachusetts, December 23, 2022 — Provident Bancorp, Inc. , the holding company for BankProv, announced changes to the executive leadership team and named a new Board Chair, effective January 1, 2023. In a mutual decision by the Board and Dave Mansfield – CEO and Board Member – Mr. Mansfield separated from both Provident Bancorp, Inc. and BankProv effective December 20 th , 2022. Carol Houle, CFO, and Joe Reilly, who has been serving as the Board Chair, will serve as interim Co-CEOs and Co-Presidents. Laurie Knapp, who has been serving as the Audit Committee Chair, will serve as Board Chair. “BankProv remains well-capitalized and on sound financial footing,” said Reilly. “Carol and I are confident in the Bank’s future and are ready to provide continuity as we chart our course fo..."
11/22/2022 8-K Quarterly results
11/15/2022 8-K Quarterly results
10/18/2022 8-K Quarterly results
08/01/2022 8-K Quarterly results
Docs: "These increases in commercial loan growth were offset by a decrease in PPP loans of $11.9 million, or 96.0%, as these loans continue to be forgiven, and a decrease in our renewable energy portfolio of $713,000, or 1.1%. Loans held for sale decreased due to the sale of residential mortgage loans in June and the reclassification of the unsold loans to held for investment. Total liabilities increased $52.6 million, or 3.5%, from December 31, 2021 primarily due to an increase in short-term borrowings, offset by a decrease in deposits. Short-term borrowings increased $78.0 million due to overnight borrowings used to fund loan growth. Deposits were $1.44 billion as of June 30, 2022, representing a decrease of $20.0 million, or 1.4%, compared to December 31, 2021. The decrease in deposits was pri..."
06/06/2022 8-K Quarterly results
05/23/2022 8-K Quarterly results
04/29/2022 8-K Quarterly results
Docs: "the first quarter as well as growth in our enterprise value portfolio of $15.5 million, or 4.56% and our renewable energy portfolio of $2.1 million, or 3.4%. These increases in commercial loan growth were offset by a decrease in PPP loans of $10.4 million, or 83.3%, and a decrease in our digital asset loans of $8.6 million, or 7.1%. Digital asset loans decreased primarily due to the pay-down of an existing $35.0 million credit line, which was offset by $29.1 million in new digital asset loans. The decrease in debt securities available-for-sale was primarily due to principal paydowns on government mortgage-backed securities and unrealized losses during the first quarter. Total liabilities increased $60.0 million, or 4.0%, from December 31, 2021 due to increased deposits. Deposits were $1.52..."
03/30/2022 8-K Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
02/03/2022 8-K Quarterly results
01/28/2022 8-K Quarterly results
Docs: "About Provident Bancorp, Inc. BankProv, legally operating as The Provident Bank, is a subsidiary of Provident Bancorp, Inc. . BankProv is a future-ready commercial bank for corporate clients, specializing in offering adaptive and technology-first banking solutions to niche markets, including cryptocurrency, renewable energy, fin-tech and search fund lending. We are committed to offering state-of-the-art APIs for all business clients and BaaS partners. Through our offerings, BankProv insures 100% of deposits through a combination of insurance provided by the Federal Deposit Insurance Corporation and the Depositors Insurance Fund . For more information about BankProv please visit our website www.bankprov.com or call 877-487-2977. Forward-looking statements This news release may contain certa..."
11/04/2021 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
Docs: "Agreement”) is entered into between The Provident Bank and Charles Withee (collectively, the “Parties"
11/04/2021 8-K Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
11/02/2021 8-K Quarterly results
Docs: "Provident Bancorp, Inc. Reports Earnings for the September 30, 2021 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share"
08/10/2021 8-K Regulation FD Disclosure  Interactive Data
07/29/2021 8-K Quarterly results
Docs: "Provident Bancorp, Inc. Reports Earnings for the June 30, 2021 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share"
06/17/2021 8-K/A Quarterly results
05/24/2021 8-K Quarterly results
05/20/2021 8-K Quarterly results
05/07/2021 8-K Quarterly results
04/22/2021 8-K Quarterly results
03/29/2021 8-K Quarterly results
03/12/2021 8-K Quarterly results
02/24/2021 8-K Quarterly results
01/29/2021 8-K Quarterly results
Docs: "Provident Bancorp, Inc. Reports Earnings for the December 31, 2020 Quarter and Year and Continues Payment of Quarterly Cash Dividends of $0.03 per Share"
12/23/2020 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
Docs: "AMENDMENT ONE TO THE AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR DAVID P. MANSFIELD",
"AMENDMENT ONE TO THE AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CHARLES F. WITHEE",
"DEFERRED CASH BONUS AGREEMENT",
"EMPLOYMENT AGREEMENT"
11/25/2020 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
10/23/2020 8-K Quarterly results
Docs: "SBA PPP loans. The increase in bank owned life insurance of $9.5 million, or 39.8%, was primarily due to the purchase of additional insurance. The increase in accrued interest receivable of $3.3 million, or 114.4%, was primarily due to deferred interest on loan modifications as part of the CARES Act. The decrease in cash and cash equivalents of $12.2 million, or 20.5%, resulted from the purchase of the mortgage warehouse loans, partially offset by an increase in deposits. The decrease in debt securities available-for-sale of $7.4 million, or 17.6%, resulted primarily from principal pay downs on government mortgage-backed securities. Total liabilities increased $367.7 million, or 41.3%, due to increased deposits and an increase in borrowings. Deposits were $1.17 billion as of September 30, ..."
10/20/2020 8-K Other Events, Financial Statements and Exhibits  Interactive Data
Docs: "PROVIDENT BANCORP, INC. ADOPTS STOCK REPURCHASE PROGRAM"
07/22/2020 8-K Quarterly results
07/20/2020 8-K Quarterly results
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