Provident Bancorp, Inc. Announces Adoption of Plan of Conversion for Second-Step Stock Offering
Provident Bancorp, Inc. (PVBC)
US:NASDAQ Investor Relations:
theprovidentbank.com/investor-relations
Company Research
Source: GlobeNewswire
AMESBURY, Mass., June 05, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”) (Nasdaq:PVBC), the holding company for The Provident Bank (the “Bank”), announced today that its Board of Directors, together with the Board of Trustees of Provident Bancorp (the “MHC”), has adopted a Plan of Conversion. Pursuant to the Plan of Conversion, the Company will reorganize into a new fully public stock holding company structure and will conduct a second-step stock offering of new shares of common stock. As part of the conversion, the Bank will become a wholly owned subsidiary of a new holding company, which will also be named Provident Bancorp, Inc. Shares of common stock of the Company held by persons other than the MHC will be converted into shares of common stock of the new holding company pursuant to an exchange ratio generally intended to preserve the percentage ownership interests of such persons. Shares of Company common stock owned by the MHC will be canceled and
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News
- Provident Bancorp Inc (NASDAQ: PVBC) had its price target raised by analysts at Stephens from $11.00 to $12.00. They now have an "equal weight" rating on the stock.MarketBeat
- Dennis Pollack Bought 27% More Shares In Provident Bancorp [Yahoo! Finance]Yahoo! Finance
- Pleasing Signs As A Number Of Insiders Buy Provident Bancorp Stock [Yahoo! Finance]Yahoo! Finance
- Provident Bancorp, Inc. Reports Results for the September 30, 2024 Quarter [Yahoo! Finance]Yahoo! Finance
- Provident Bancorp, Inc. Reports Results for the September 30, 2024 QuarterPR Newswire
PVBC
Analyst Actions
- 11/20/24 - Stephens & Co.
PVBC
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 10-Q
- 11/12/24 - Form 4
- PVBC's page on the SEC website