AMESBURY, Mass., May 23, 2023
/PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial
bank that offers technology-driven banking solutions to its
clients, is pleased to welcome Lisa
Gainty to the organization as Vice President of Business
Development for Retail Banking. As an experienced industry
professional with deep ties to the local business community, Lisa
is already hard at work connecting new and existing customers with
BankProv's suite of retail banking services.
Lisa joins the BankProv team after nearly three decades of
serving in leadership roles at financial institutions such as TD
Bank and Citizens Bank. She brings a wealth of knowledge and
expertise, as well as a strong personal commitment to the
local community. Lisa will cover the seacoast from Portsmouth to Newburyport.
She attended University of New
Hampshire and Somersworth High School, volunteers with the
Prescott Park Arts Festival and has served for 15 years as a board
member for the Chamber Collaborative of Greater
Portsmouth.
"I am excited to join BankProv and work with such a talented
team," said Gainty. "I look forward to leveraging my experience and
skills to help drive growth and deliver exceptional value to our
retail banking customers."
Retail banking has been an integral component of the Bank's
operations since it was founded in 1828. Today, BankProv offers
comprehensive financial solutions, industry-leading expertise and a
dedicated banking team.
"We are delighted to welcome Lisa to the organization," said
Co-CEO Joe Reilly. "This is truly an
exciting time for BankProv, as we focus on continuously improving
our products and services to deliver the best possible banking
experiences to all of our customers."
About BankProv
BankProv, is a subsidiary of Provident Bancorp, Inc. (NASDAQ:
PVBC). BankProv is a future-ready commercial bank that offers a
comprehensive suite of banking products for corporate clients. The
Bank is a premier Banking-as-a-Service (BaaS) provider and
specializes in technology-driven banking solutions to niche
markets, including renewable energy, fintech and enterprise value
lending. Headquartered in Amesbury,
Massachusetts, BankProv is the 10th oldest bank
in the nation. The Bank insures 100% of deposits through a
combination of insurance provided by the Federal Deposit Insurance
Corporation (FDIC) and the Depositors Insurance Fund (DIF). To
learn more about the organization, visit bankprov.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of
1934 and are intended to be covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. Such statements may be identified by words such as
"may," "will," "would," "intend," "believe," "expect," "plan,"
"estimate," "anticipate," "continue," or similar terms or
variations on those terms, or the negative of those
terms. These statements are based upon the current beliefs and
expectations of Company management and are subject to significant
risks and uncertainties. Actual results may differ materially from
those set forth in the forward-looking statements as a result of
numerous factors. Factors that could cause such differences
to exist include, but are not limited to: the effects of any
pandemic disease, natural disaster, national or international war,
act of terrorism, accident, or similar action or event; those
related to the real estate and economic environment, including
inflation, particularly in the market areas in which the Company
operates; fiscal and monetary policies of the U.S. Government;
changes in government regulations affecting financial institutions,
including regulatory compliance costs and capital
requirements; fluctuations in the adequacy of loan loss
reserves; decreases in deposit levels necessitating increased
borrowing to fund loans and investments; operational risks
including, but not limited to, cybersecurity, fraud and natural
disasters; the risk that the Company may not be successful in the
implementation of its business strategy; changes in prevailing
interest rates; credit risk management; asset-liability management;
and other risks described in the Company's filings with the
Securities and Exchange Commission, which are available at the
SEC's website, www.sec.gov.
The Company wishes to caution readers not to place undue
reliance on any such forward-looking statements, which speak only
as of the date made. The Company wishes to advise readers that the
factors listed above or other factors could affect the Company's
financial performance and could cause the Company's actual results
for future periods to differ materially from any opinions or
statements expressed with respect to future periods in
any current statements. The Company does not undertake and
specifically disclaims any obligation to publicly release the
results of any revisions, which may be made to any forward-looking
statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or
unanticipated events.
Press Contact: Tricia Peters,
Vice President of Marketing
Phone: 480-253-8376
Email: tpeters@bankprov.com
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SOURCE BankProv