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NB Bancorp, Inc. and Provident Bancorp, Inc. Announce Closing of Merger

On November 15, 2025, NB Bancorp, Inc. and Provident Bancorp, Inc. closed their merger, which became effective shortly after midnight.
The Agreement and Plan of Merger dated June 5, 2025 stipulated that the transaction was implemented through sequential statutory mergers, with Needham reporting allocation and proration outcomes on November 13, 2025.
Needham scheduled the conversion of BankProv products over the weekend beginning November 8, 2025, and Joseph B. Reilly was appointed a director of Needham and Needham Bank.
Provident's last trading day was November 14, 2025, before the merger's effective time, and holders of Provident common stock had until 5:00 p.m. on November 7, 2025, to make merger elections.
The combined operation expands Needham Bank's presence in Northern Massachusetts and Southern New Hampshire markets, with BankProv serving the North Shore and commercial offices in the Manchester/Concord market, Needham said.

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