Provident Bancorp Inc. has announced an update regarding its merger agreement with NB Bancorp, Inc., Needham Bank, and 1828 MS, Inc. The transaction involves the merger of the Merger Sub with Provident, followed by Provident's merger into NB Bancorp, with the latter as the surviving entity. Subsequently, BankProv will merge with Needham Bank. Provident has disclosed additional information to address allegations from stockholders claiming the proxy statement was misleading. Provident maintains confidence in the legality of its disclosures but aims to prevent potential delays or complications in the transaction by providing these updates.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Provident Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-087811), on September 05, 2025, and is solely responsible for the information contained therein.