NB Bancorp Inc. has announced a new voting agreement with shareholders of Provident Bancorp, Inc., as part of a broader merger plan. The agreement, dated June 5, 2025, establishes that NB Bancorp will merge with Provident Bancorp, Inc., with the latter company merging into NB Bancorp. This follows the execution of an Agreement and Plan of Merger by NB Bancorp, Needham Bank, Provident Bancorp, Inc., and BankProv. The merger is contingent upon approval from Provident Bancorp's board of directors and the fulfillment of certain conditions outlined in the merger agreement. The voting agreement signifies a significant step in the consolidation strategy of NB Bancorp, enhancing its market presence and operational capabilities.
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