Agreement signedPublished 31 Oct 2025

Needham /
Provident

Needham agrees to acquire Provident and BankProv

Buy side: Needham
Buy sideNeedham
Target: Provident
TargetProvident
NB Bancorp, Inc. · 31 Oct 2025Source
Buy side: Needham
Buy sideNeedham
Target: Provident
TargetProvident
01 / BuyerNeedham
02 / TargetProvident
Source for the buyer and target: NB Bancorp, Inc.

For the buyer and target.

“Under the Merger Agreement, Needham will acquire Provident and BankProv through the merger of Merger Sub with and into Provident (the “Merger”), followed by the merger of Provident with and into Needham, with Needham as the surviving entity (the “Holdco Merger”).”

Published 31 Oct 2025

Open the source
01

What happened

Needham will acquire Provident and BankProv through a series of mergers, with Needham as the surviving entity. The companies entered into a merger agreement on June 5, 2025. [01]

Provident stockholders can elect to receive 0.691 shares of Needham common stock or $13.00 in cash per share of Provident common stock. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · NB Bancorp, Inc.

Needham agrees to acquire Provident and BankProv

This document is the source for the companies, stage and people on this page.

Open the source
03

Timeline

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.

  1. Also stated

    “The companies entered into a merger agreement on June 5, 2025”

    Open the source
  2. Published by NB Bancorp, Inc.

    The source this page is built from.

    Open the source

The same firms, in other deals

The firms' deal history and connections across other deals.

These firms' full profiles are part of Pro.

Get ProAlready a member? Sign in

Pro is open to everyone.