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Stock impact report

Provident Bancorp, Inc. Announces Results of Stock Offering and Expected Closing Date

Provident Bancorp, Inc. (PVBC) 
US:NASDAQ Investor Relations: theprovidentbank.com/investor-relations
Company Research Source: GlobeNewswire
AMESBURY, Mass., Oct. 11, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank, announced today that it has received all required regulatory approvals for the conversion of Provident Bancorp (the “MHC”) from the mutual holding company to the stock holding company form of organization (the “Conversion”).  The closing of the Conversion and the related subscription and community offerings is expected to occur at the close of business on October 16, 2019, subject to customary closing conditions. The Company’s stock is expected to cease trading at the close of business on October 16, 2019.  The stock of Provident Bancorp, Inc. (“New Provident”), a newly formed Maryland corporation that is the proposed successor holding company of the Bank, is expected to trade on the Nasdaq Capital Market under the trading symbol “PVBC” beginning on October 17, 2019.  A total of 10,212,397 shares of common stock are expected to be sol Show less Read more
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