PROVIDENT BANCORP, INC. (NASDAQ:PVBC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(d)On June 21, 2018, the Board of Directors of the Company appointed Joseph B. Reilly to the Board of Directors of Provident Bancorp, Inc. (the “Company”). It has not been determined which committees of the Board of Directors, if any, Mr. Reilly will be appointed to.
There are no arrangements or understandings between Mr. Reilly and any other person to which he became a director. Mr. Reilly is not a party to any transaction with the Company or The Provident Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.
| Item 9.01 | Financial Statements and Exhibits |
None.
About PROVIDENT BANCORP, INC. (NASDAQ:PVBC)
Provident Bancorp, Inc. is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire. The Bank also has a loan production office in Nashua, New Hampshire. Its primary lending area encompasses Northeastern Massachusetts and Southern New Hampshire, with a focus on Essex County, Massachusetts, and Hillsborough and Rockingham Counties, New Hampshire. Its primary deposit-gathering area is concentrated in Essex County, Massachusetts, Rockingham County, New Hampshire, and Hillsborough County, New Hampshire. The Bank uses funds to originate loans, primarily commercial real estate, construction and land development and commercial business loans, and to invest in securities.