Provident Bancorp, Inc. /MD/: M&A transaction — Provident Bancorp acquired by NB Bancorp; shareholders get $13 or 0.691 NBBK shares

Provident Bancorp, Inc. /MD/

Merger effective November 15, 2025; Provident Bancorp ceases to exist as separate entity.
Each PVBC share converted into either 0.691 NB Bancorp common shares or $13.00 cash, subject to 50% stock proration.
PVBC common stock delisted from NASDAQ; SEC deregistration and Form 15 filing planned.
All Provident Bancorp directors and officers resigned upon merger effectiveness.

item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Provident Bancorp, Inc. /MD/: Provident Bancorp ceased to exist as a result of merger; its articles and bylaws terminated by operation of law.

Change: bylaw amendment

Exact text from the filing

as a result of the Merger, at the Effective Time, Provident Bancorp ceased to exist and the Articles of Incorporation and the Bylaws of Provident Bancorp ceased to be in effect by operation of law.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Provident Bancorp, Inc. /MD/ underwent a change of control involving NB Bancorp, Inc. for either (i) 0.691 shares of NB Bancorp common stock or (ii) $13.00 in cash (closed 2025-11-17).

Action: change of control
Counterparty: NB Bancorp, Inc.
Consideration: either (i) 0.691 shares of NB Bancorp common stock or (ii) $13.00 in cash
Closing: 2025-11-17

Exact text from the filing

greement”), dated as of June 5, 2025, by and among NB Bancorp, Inc. (“NB Bancorp”), Needham Bank, 1828 MS, Inc., Provident Bancorp, Inc.

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Source: SEC EDGAR

accession 0001104659-25-112963

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