NB Bancorp (NBBK) Completes Merger with Provident Bancorp

By Hao Liu • Saturday, November 15 15:28 • Permanent Link

NB Bancorp, Inc. and Provident Bancorp, Inc. have successfully closed their merger, with all closing conditions under the merger agreement being satisfied. The merger transaction will become effective shortly after midnight on November 15, 2025, with the conversion of BankProv products and services to Needham Bank's products and services scheduled to occur over the weekend beginning on November 15, 2025. Joseph B. Reilly has been appointed as a director of Needham and Needham Bank, effective as of the effective time. The deadline for holders of Provident common stock to elect their preferred form of merger consideration was 5:00 p.m. on November 7, 2025, and the results of the allocation and proration procedures were announced on November 13, 2025. Provident common stock will be delisted from the NASDAQ Global Select Market following the close of trading on November 14, 2025, which is the last day on which Provident common stock will trade. As a result of these announcements, the company's shares have moved 1.42% on the market, and are now trading at a price of $19.29. If you want to know more, read the company's complete 8-K report here.

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