NB Bancorp (NBBK) Completes Merger with Provident Bancorp

By Tamara Parker • Sunday, November 16 15:30 • Permanent Link

Needham, MA & Amesbury, MA, November 14, 2025 – NB Bancorp, Inc. ("Needham") (NASDAQ: NBBK) and Provident Bancorp, Inc. ("Provident") (NASDAQ: PVBC) have announced the closing of their merger transaction. This merger involved multiple steps, including the merger of Provident with and into Needham, with Needham as the surviving entity, and the conversion of BankProv products and services to Needham Bank's products and services.

As part of the merger, Joseph B. Reilly has been appointed as a director of Needham and Needham Bank. This move is seen as a significant addition to Needham Bank's leadership, bringing extensive experience and influence in the New England banking community.

The deadline for holders of Provident common stock to elect their preferred form of merger consideration was November 7, 2025. Needham disclosed the results of the allocation and proration procedures on November 13, 2025, following this deadline.

In connection with the merger, Provident common stock will be delisted from the NASDAQ Global Select Market after the close of trading on November 14, 2025. This marks the last day on which Provident common stock will trade on the market.

The market has reacted to these announcements by moving the company's shares 1.42% to a price of $19.29. For more information, read the company's full 8-K submission here.

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