NB Bancorp completes acquisition of Provident Bancorp; issues ~5.94M shares

NB Bancorp, Inc.

Merger closed Nov 15, 2025; each Provident share converts to 0.691 NBBK shares or $13 cash, prorated 50/50.
Needham will issue approx 5,944,350 shares; pro forma outstanding shares ~45,770,800.
Joseph B. Reilly appointed as director; receives $800K severance, $250K non-compete, and $27.5K/mo consulting for 18 months.
Cash consideration funded from Needham's cash on hand.

item 2.01item 5.02item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.