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
Show less
Read more
Impact Snapshot
Event Time:
PVBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PVBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PVBC alerts
High impacting Provident Bancorp, Inc. news events
Weekly update
A roundup of the hottest topics
PVBC
News
- Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 MillionPR Newswire
- Provident Bancorp Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Provident Bancorp, Inc.'s (NASDAQ:PVBC) largest shareholders are individual investors with 40% ownership, institutions own 37% [Yahoo! Finance]Yahoo! Finance
- Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of DirectorsPR Newswire
PVBC
Sec Filings
- 4/25/24 - Form 8-K
- 4/23/24 - Form 4
- 4/16/24 - Form ARS
- PVBC's page on the SEC website