NB Bancorp /
Provident Bancorp
NB Bancorp completes merger with Provident Bancorp
Source for the buyer and target: Provident Bancorp, Inc.
For the buyer and target.
“Immediately thereafter, Provident Bancorp merged with and into NB Bancorp (the “HoldCo Merger”), and BankProv, the wholly owned subsidiary of Provident Bancorp, merged with and into Needham Bank, the wholly owned subsidiary of NB Bancorp (the “Bank Merger” and, together with the HoldCo Merger and the Merger, the “Transaction”).”
Published 17 Nov 2025
Open the sourceWhat happened
NB Bancorp and Provident Bancorp completed their merger on Nov. 17, 2025. Provident Bancorp shareholders could elect to receive 0.691 shares of NB Bancorp common stock or $13.00 in cash per share, subject to proration. [01]
BankProv merged with Needham Bank as part of the transaction. [01]
Who is involved, and the source
Everything on this page comes from the source below, quoted word for word.
Advisers
Target
- Fairness opinion to the targetPiper Sandler & Co.Source: SEC filing, as of 7 Aug 2025
- Financial adviser to the targetPiper SandlerSource: SEC filing, as of 7 Aug 2025
Each adviser in its source's own words. An adviser's own announcement is labelled as one: it is not independent reporting. Advisers are not parties to the deal.
NB Bancorp completes merger with Provident Bancorp
This document is the source for the companies, stage and people on this page.
Open the sourceTimeline
Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.
Closed
“NB Bancorp completes merger with Provident Bancorp NB Bancorp and Provident Bancorp completed their merger on Nov. 17, 2025”
Open the source
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