Associated tags: As a service, FDIC, Insurance, API, Depositors Insurance Fund, Federal Deposit Insurance Corporation, Provident, Cryptocurrency, News, Bank, Form, Titan
Locations: NH, MANCHESTER, NEW HAMPSHIRE, PORTSMOUTH, MURRAY, PHILADELPHIA, NEWBURYPORT, LONDON, WALL STREET, CONNECTICUT, VIRGINIA
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Management AMESBURY, Mass., May 7, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) (the "Company"), the holding company for BankProv (the "Bank"), announced today the appointment of Kenneth Fisher as Executive Vice President and Chief Financial Officer of both the Company and the Bank.
Key Points:
- AMESBURY, Mass., May 7, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) (the "Company"), the holding company for BankProv (the "Bank"), announced today the appointment of Kenneth Fisher as Executive Vice President and Chief Financial Officer of both the Company and the Bank.
- Mr. Fisher is a CPA and seasoned financial professional who brings over two decades of experience in finance, accounting and executive leadership to his new role.
- Prior to joining BankProv, Mr. Fisher most recently served as CFO at Bluejay Diagnostics, Inc., an early-stage medical diagnostics company.
- His previous roles include Executive Vice President, Chief Financial Officer, and Treasurer at Meridian Bancorp, Inc. and its subsidiary, East Boston Savings Bank, among others.
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Growth For the quarter ended March 31, 2024, net interest and dividend income was $12.5 million, a decrease of $1.1 million, or 8.0%, from the quarter ended December 31, 2023, and a decrease of $3.3 million, or 21.1%, compared to the quarter ended March 31, 2023.
Key Points:
- For the quarter ended March 31, 2024, net interest and dividend income was $12.5 million, a decrease of $1.1 million, or 8.0%, from the quarter ended December 31, 2023, and a decrease of $3.3 million, or 21.1%, compared to the quarter ended March 31, 2023.
- Total interest and dividend income was $22.0 million for the quarter ended March 31, 2024, a decrease of $1.5 million, or 6.5%, from the quarter ended December 31, 2023, and an increase of $1.4 million, or 6.8%, from the quarter ended March 31, 2023.
- Net charge-offs totaled $22,000 for the quarter ended March 31, 2024, compared to $1.2 million for the quarter ended December 31, 2023, and $3.6 million for the quarter ended March 31, 2023.
- Noninterest income was $1.4 million for the quarter ended March 31, 2024, compared to $1.6 million for the quarter ended December 31, 2023, and $1.9 million for the quarter ended March 31, 2023.
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Friday, February 16, 2024
AMESBURY, Mass., Feb. 16, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC), is pleased to announce the appointment of Julienne Cassarino to its Board of Directors, as well as the Board of Directors of its operating subsidiary, BankProv , a future-ready commercial bank that offers technology-driven banking solutions to its clients.
Key Points:
- AMESBURY, Mass., Feb. 16, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC), is pleased to announce the appointment of Julienne Cassarino to its Board of Directors, as well as the Board of Directors of its operating subsidiary, BankProv , a future-ready commercial bank that offers technology-driven banking solutions to its clients.
- With over two decades of experience as a distinguished bank analyst and investor, Ms. Cassarino brings a wealth of knowledge and expertise to the board.
- BankProv President and CEO, Joe Reilly, expressed his enthusiasm for Ms. Cassarino's appointment, stating, "We are thrilled to welcome Julienne to our Board of Directors.
- Provident Bancorp, Inc. looks forward to benefiting from Ms. Cassarino's valuable contributions as she assumes her role on the Board of Directors.
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Wednesday, January 31, 2024
AMESBURY, Mass., Jan. 31, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Sandra Ennin to the organization as Vice President (VP), Business Banking Officer.
Key Points:
- AMESBURY, Mass., Jan. 31, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Sandra Ennin to the organization as Vice President (VP), Business Banking Officer.
- In her role at BankProv, Sandra will be responsible for driving the growth and success of the Bank's small business loan portfolio, by fostering strong relationships with current clients and spearheading initiatives to attract new business opportunities.
- "Sandra has a proven track record of delivering financial solutions to small businesses in the Merrimack Valley of Massachusetts," said Joe Kenney, Chief Lending Officer for BankProv.
- Throughout her career she has made significant contributions at well-regarded financial institutions where she held various roles within business banking.
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Security (finance) PORTSMOUTH, N.H., Jan. 26, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) is pleased to announce the appointment of Dennis Pollack to its Board of Directors as well as to the Board of Directors of its operating subsidiary, BankProv , a future-ready commercial bank that offers technology-driven banking solutions to its clients.
Key Points:
- PORTSMOUTH, N.H., Jan. 26, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) is pleased to announce the appointment of Dennis Pollack to its Board of Directors as well as to the Board of Directors of its operating subsidiary, BankProv , a future-ready commercial bank that offers technology-driven banking solutions to its clients.
- Mr. Pollack brings a wealth of experience to the role, having served in various executive positions, including most recently as President and CEO of Prudential Bank in Philadelphia, PA.
"We are thrilled to welcome Dennis Pollack to the boards of Provident and BankProv.
- Dennis Pollack's extensive background includes executive roles at Sony Corporation of America, the Connecticut Bank of Commerce, the Savings Bank of Rockland County, and Paulson & Company.
- in Economics from Seton Hall University, an M.B.A. from Columbia Business School, and a post-M.B.A.
PORTSMOUTH, N.H., Jan. 9, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Curt Murray to its team in the role of Assistant Vice President (AVP), Business Banking Officer.
Key Points:
- PORTSMOUTH, N.H., Jan. 9, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Curt Murray to its team in the role of Assistant Vice President (AVP), Business Banking Officer.
- In his capacity at BankProv, Curt will lead business development efforts and work closely with clients in the commercial loan portfolio.
- "We are thrilled to welcome Curt to our team of seasoned business bankers," stated Joe Kenney, Chief Lending Officer.
- "Curt's ability to understand each client's unique business needs and deliver tailored solutions to support their business growth perfectly aligns with our mission at BankProv."
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Tricia AMESBURY, Mass., Aug. 25, 2023 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to welcome Tricia Abood to the organization as Vice President, Business Development Officer.
Key Points:
- AMESBURY, Mass., Aug. 25, 2023 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to welcome Tricia Abood to the organization as Vice President, Business Development Officer.
- "One of Tricia's many core strengths is her ability to develop and maintain collaborative relationships with our clients, team members and business partners," said Joe Reilly, Co-Chief Executive Officer.
- "Her focus will be on Business Deposits and Cash Management Services for businesses in the Greater Bedford, Manchester, and Concord markets."
- Tricia's role will be to grow and maintain a profitable book of business through disciplined and proactive business development and relationship management.
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Rare-earth element Quarter Ended June 30, 2023 Compared to Quarter Ended March 31, 2023
Key Points:
- Quarter Ended June 30, 2023 Compared to Quarter Ended March 31, 2023
For the quarter ended June 30, 2023, net interest and dividend income was $14.9 million, which represents a decrease of $914,000, or 5.8%, compared to the quarter ended March 31, 2023.
- For the quarter ended June 30, 2023, noninterest income was $1.7 million, which represents a decrease of $245,000, or 12.6%, compared to the quarter ended March 31, 2023.
- For the quarter ended June 30, 2023, noninterest expense was $12.8 million, which represents a decrease of $460,000, or 3.5%, compared to the quarter ended March 31, 2023.
- Quarter Ended June 30, 2023 Compared to Quarter Ended June 30, 2022
For the quarter ended June 30, 2023, net interest and dividend income was $14.9 million, which represents a decrease of $3.7 million, or 19.9%, from the quarter ended June 30, 2022.
Key Points:
- WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=10252 or call Phillip Kim, Esq.
- toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
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Cryptocurrency AMESBURY, Mass., May 23, 2023 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to welcome Lisa Gainty to the organization as Vice President of Business Development for Retail Banking.
Key Points:
- AMESBURY, Mass., May 23, 2023 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to welcome Lisa Gainty to the organization as Vice President of Business Development for Retail Banking.
- As an experienced industry professional with deep ties to the local business community, Lisa is already hard at work connecting new and existing customers with BankProv's suite of retail banking services.
- Lisa joins the BankProv team after nearly three decades of serving in leadership roles at financial institutions such as TD Bank and Citizens Bank.
- "I am excited to join BankProv and work with such a talented team," said Gainty.
