NBBK announces final proration: 66.4% of PVBC cash electors get cash, balance stock

NB Bancorp, Inc.

Elections: 16.31% stock, 75.33% cash, 8.36% non-election; after proration 66.377% of cash electors receive cash, 33.623% receive stock.
Needham to issue ~5,944,350 shares; pro forma shares outstanding ~45,770,800 as of Nov 12, 2025.
Stock consideration: 0.691 NBBK shares per PVBC share; cash consideration: $13.00 per PVBC share.
Merger expected to close on November 15, 2025 at 12:01 a.m. Eastern Time.

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