NB Bancorp (NBBK) Successfully Completes Merger with Provident Bancorp

By Ahmed Jameison • Sunday, November 16 06:03 • Permanent Link

Needham, MA & Amesbury, MA * November 14, 2025 * NB Bancorp, Inc. ("Needham") (NASDAQ: NBBK) and Provident Bancorp, Inc. ("Provident") (NASDAQ: PVBC) have successfully closed their merger transaction. The merger, which involved the consolidation of Needham Bank and BankProv, has been completed, with all closing conditions under the merger agreement being satisfied.

The conversion of BankProv products and services to Needham Bank's offerings is scheduled to take place over the weekend beginning on November 15, 2025. Additionally, Joseph B. Reilly has been appointed as a director of Needham and Needham Bank, effective as of the merger's effective time.

Holders of Provident common stock had until 5:00 p.m. (Eastern Time) on November 7, 2025, to elect their preferred form of merger consideration. Needham announced the results of the allocation and proration procedures set forth in the merger agreement on November 13, 2025.

As a result of the merger, Provident common stock will be delisted from the NASDAQ Global Select Market, with the last day of trading being November 14, 2025.

These developments mark a significant milestone in both companies' histories as they move forward as a combined entity. Following these announcements, the company's shares moved 1.42%, and are now trading at a price of $19.29. For more information, read the company's full 8-K submission here.

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