AMESBURY, Mass., May 7, 2024
/PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) (the
"Company"), the holding company for BankProv (the "Bank"),
announced today the appointment of Kenneth
Fisher as Executive Vice President and Chief Financial
Officer of both the Company and the Bank. Mr. Fisher is a CPA and
seasoned financial professional who brings over two decades of
experience in finance, accounting and executive leadership to his
new role.
BankProv — widely recognized in the commercial banking sector
for its devotion to empowering local businesses and for its
expertise in delivering innovative banking services — welcomes Mr.
Fisher as a key addition to its executive team. In his capacity as
CFO, Mr. Fisher will oversee our finance, treasury and investor
relation functions, while supporting the Company's strategic
initiatives.
Prior to joining BankProv, Mr. Fisher most recently served as
CFO at Bluejay Diagnostics, Inc., an early-stage medical
diagnostics company. His previous roles include Executive Vice
President, Chief Financial Officer, and Treasurer at Meridian
Bancorp, Inc. and its subsidiary, East Boston Savings Bank, among
others. He holds a Bachelor's Degree in Business Administration
from the Isenberg School of Management at the University of Massachusetts at Amherst and is a
graduate of the New England School for Financial Studies.
Joe Reilly, CEO of BankProv,
expressed his enthusiasm about Mr. Fisher joining the executive
leadership team, stating, "We are delighted to announce Ken's
appointment as CFO of BankProv. His extensive experience and proven
track record in financial services make him an invaluable asset to
our organization as we continue to innovate and grow."
In response to his appointment, Mr. Fisher remarked, "I am
thrilled to join BankProv and be part of a team that is committed
to driving innovation in the banking industry. I look forward to
contributing to the continued success and growth of the
company."
About BankProv
Provident Bancorp, Inc. (NASDAQ:PVBC) is the holding company for
BankProv, a full-service commercial bank headquartered in
Massachusetts. With retail
branches in the Seacoast Region of Northeastern Massachusetts and New Hampshire, as well as commercial banking
offices in the Manchester/Concord market in Central New Hampshire, BankProv delivers a
unique combination of traditional banking services and innovative
financial solutions to its markets. Founded in Amesbury, Massachusetts in 1828, BankProv
holds the honor of being 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). For more information, visit
bankprov.com.
Forward-Looking Statements
This news release may contain certain forward-looking
statements, such as statements of the Company's or the Bank's
plans, objectives, expectations, estimates and intentions.
Forward-looking statements may be identified by the use of words
such as, "expects," "subject," "believe," "will," "intends," "may,"
"will be" or "would." These statements are subject to change based
on various important factors (some of which are beyond the
Company's or the Bank's control) and actual results may differ
materially. Accordingly, readers should not place undue reliance on
any forward-looking statements (which reflect management's analysis
of factors only as of the date on which they are given). Readers
should carefully review the risk factors described in other
documents that the Company files from time to time with the
Securities and Exchange Commission, including Annual and Quarterly
Reports on Forms 10-K and 10-Q, and Current Reports on Form
8-K.
Press Contact: Kathleen
Barrett
Phone: 603-334-1251
Email: kbarrett@bankprov.com
Investor Contact: Joe Reilly,
CEO
Phone: 603-494-8552
Email: jreilly@bankprov.com
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SOURCE Provident Bancorp, Inc.
