Provident Bancorp, Inc. /MD/

Overview

• IndustrySavings Institutions, Not Federally Chartered¹
• HeadquartersAmesbury, Massachusetts¹
• Business address5 Market Street, Amesbury, Ma 01913²
• Filer categoryNon-accelerated filer, Smaller reporting company²

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Provident Bancorp, Inc. (the “Company”) is a Maryland corporation that was incorporated in 2019 to act as the holding company for BankProv (the “Bank”). At December 31, 2024, Provident Bancorp, Inc. had total assets of $1.59 billion, deposits of $1.31 billion and shareholders’ equity of $231.1 million on a consolidated basis.³ From its latest annual report

Corporate structure

Provident Bancorp, Inc. /MD/ sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Provident Bancorp, Inc. /MD/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Properties, in its own words

At December 31, 2024, we conducted business through our main office and six branch offices located in Amesbury and Newburyport, Massachusetts and Bedford, Exeter, Portsmouth and Seabrook, New Hampshire, as well as a loan production office located in Ponte Vedra, Florida. We own five of our offices, including our main office, and lease two of our branch offices as well as a loan production office. At December 31, 2024, the total net book value of our land, buildings, furniture, fixtures, equipment and lease right-of-use assets was $15.9 million, which includes $2.3 million in assets held for sale.

Item 2 of the 10-K filed Mar 31, 2025.³

Leadership

Who has led Provident Bancorp, Inc. /MD/, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerJoseph B. Reilly Nov 17, 2025 to now¹⁴
• Chief executive officerCarol L. Houle Aug 3, 2023 to Dec 20, 2023¹⁵
• Chief executive officerDavid P. Mansfield Oct 16, 2019 to Dec 20, 2022¹⁶
• PresidentJoseph B. Reilly Nov 17, 2025 to now¹⁴
• PresidentCarol L. Houle Aug 3, 2023 to Dec 20, 2023¹⁵
• PresidentDavid P. Mansfield Oct 16, 2019 to Dec 20, 2022¹⁶
• Chief financial officerCarol L. Houle Oct 16, 2019 to Dec 20, 2023¹⁷

Timeline

1. Nov 17, 2025New chief executive Joseph B. Reilly becomes CEO¹⁴
2. Nov 17, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights³⁰
3. Oct 23, 20258-K Results of operations³¹
4. Sep 17, 20258-K Shareholder vote³²
5. Sep 5, 20258-K Other events³³
6. Jul 24, 20258-K Results of operations³⁴
7. Jun 5, 20258-K Entered a material agreement; Executive or director change; Regulation FD disclosure³⁵
8. May 20, 20258-K Financial statements and exhibits³⁶
9. May 14, 20258-K Regulation FD disclosure³⁷
10. Apr 25, 20258-K Results of operations³⁸
11. Jan 23, 20258-K Results of operations³⁹
12. Dec 26, 20248-K Executive or director change⁴⁰
13. Dec 2, 20248-K Other events⁴¹
14. Aug 3, 2023New chief executive Carol L. Houle becomes CEO¹⁵
15. Oct 16, 2019New chief executive David P. Mansfield becomes CEO¹⁶

Calendar

When it reported results

1. Oct 23, 2025Reported quarterly or annual results³¹
2. Jul 24, 2025Reported quarterly or annual results³⁴
3. Apr 25, 2025Reported quarterly or annual results³⁸
4. Jan 23, 2025Reported quarterly or annual results³⁹
5. Oct 25, 2024Reported quarterly or annual results⁴²
6. Jul 29, 2024Reported quarterly or annual results⁴³
7. Apr 25, 2024Reported quarterly or annual results⁴⁴
8. Jan 26, 2024Reported quarterly or annual results⁴⁵

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

196 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 52 major events, 72 insider forms, 28 large holders, 27 other. The latest 20:

1. Feb 17, 2026SCHEDULE 13G/A EDGAR
2. Feb 12, 2026SCHEDULE 13G/A EDGAR
3. Nov 17, 20254 EDGAR
4. Nov 17, 20254 EDGAR
5. Nov 17, 20254 EDGAR
6. Nov 17, 20254 EDGAR
7. Nov 17, 20254 EDGAR
8. Nov 17, 20254 EDGAR
9. Nov 17, 20254 EDGAR
10. Nov 17, 20254 EDGAR
11. Nov 17, 20254 EDGAR
12. Nov 17, 20254 EDGAR
13. Nov 17, 20254 EDGAR
14. Nov 17, 20254 EDGAR
15. Nov 17, 20258-K EDGAR
16. Nov 17, 2025S-8 POS EDGAR
17. Nov 17, 2025S-8 POS EDGAR
18. Nov 17, 2025S-8 POS EDGAR
19. Nov 14, 2025SCHEDULE 13G EDGAR
20. Nov 7, 202510-Q EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 31 buys and 1 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• AllianceBernsteinSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 17, 2026⁴⁶
• GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings Jul 15, 2025 to Feb 12, 2026⁴⁷
• VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jul 29, 2025 to Oct 30, 2025⁴⁸
• M3 PARTNERS LPSCHEDULE 13G/A, 6 filings Feb 14, 2022 to Aug 14, 2025⁴⁹
• Joseph StilwellSCHEDULE 13D/A, 7 filings May 15, 2023 to Jun 13, 2025⁵⁰
• BankProv Employee Stock Ownership Plan TrustSCHEDULE 13G, 1 filing Feb 12, 2025⁵¹
• BlackRockSCHEDULE 13G, 1 filing Feb 4, 2025⁵²
• T. Rowe Price Investment Management, Inc.SC 13G/A, 3 filings Feb 14, 2023 to Nov 14, 2024⁵³
• PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2023⁵⁴

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

SEC filer profile

How Provident Bancorp, Inc. /MD/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARProvident Bancorp, Inc. /MD/¹
• CIK0001778784
• Employer ID (EIN)84-4132422³
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company³
• Incorporated inMaryland³
• Fiscal year endsDecember 31¹
• Industry code (SIC)6036 Savings Institutions, Not Federally Chartered¹
• SEC reviewing officeOffice of Finance, Division of Corporation Finance¹
• Business address5 Market Street, Amesbury, MA 01913¹
• Phone(978) 388-0050¹
• Shares outstanding17,782,946 as of Nov 3, 2025¹²
• Public float$163.3M as of Jun 30, 2024³
• AuditorCrowe LLP, Fort Lauderdale, Florida PCAOB ID 173; no auditor attestation of internal control over financial reporting³
• On EDGAR sinceJun 7, 2019¹
• Filings313 in all: 4 (95), 8-K (81), 10-Q (19), 3 (19), SC 13G/A (13), 425 (9), SC 13G (8), DEF 14A (7)¹
  All 35 form types

  10-K (6), 11-K (6), SCHEDULE 13G/A (6), SCHEDULE 13G (5), SC 13D/A (4), 424B3 (3), ARS (3), S-8 (3), S-8 POS (3), CORRESP (2), DEFA14A (2), NT 10-Q (2), S-1/A (2), SCHEDULE 13D/A (2), 10-K/A (1), 25-NSE/A (1), 8-A12B (1), 8-K/A (1), DEFM14A (1), EFFECT (1), PRE 14A (1), RW (1), S-1 (1), S-3 (1), S-3/A (1), SC 13D (1), UPLOAD (1)

• Latest filingsAnnual report (10-K) Mar 31, 2025
  Quarterly report (10-Q) Nov 7, 2025
  Proxy statement (DEF 14A) Apr 15, 2025
  Latest 8-K (8-K) Nov 17, 2025

Securities registered for trading

From the cover page of the 10-K filed Mar 31, 2025 (Section 12(b) of the Exchange Act).³

Risk factors and legal proceedings

The risks Provident Bancorp, Inc. /MD/ names in Item 1A of its 10-K filed Mar 31, 2025: 40 risks under these headings, as written.³

• Risks Related to Our Lending Activities
• Our emphasis on commercial business, commercial real estate, real estate, construction and land development lending involves risks that could adversely affect our financial condition and results of operations.
• Our construction and land development loan portfolio expose us to greater risks than other mortgage loans.
• The level of our commercial real estate loan portfolio may subject us to additional regulatory scrutiny.
• If our allowance for credit losses for loans is not sufficient to cover actual loan losses, our earnings could decrease.
• Changes in the secondary mortgage market may impede our ability to collect repayment on the mortgage warehouse facility lines.
• The foreclosure process may adversely impact our recoveries on non-performing loans
• Risks Related to Laws and Regulations
• The fiscal monetary and regulatory policies of the federal government and its agencies could adversely affect our business, financial condition and results of operations.
• Changes in laws and regulations and the cost of regulatory compliance with new laws and regulations may adversely affect our operations and/or increase our costs of operations.
• Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions.
• We are subject to the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to material penalties.

Legal proceedings

On October 24, 2024, the Company received a letter from the staff of the Boston Regional Office of the SEC informing the Company that the staff had made a preliminary determination to recommend that the SEC file an action against the Company for violating certain sections of the federal securities laws (the “Wells Notice”). The staff has indicated that the Wells Notice relates to the Company’s disclosures regarding loans that the Company made to companies engaged in the mining of cryptocurrency – a line of business the Company ceased originating new loans in as of October 2022. The Wells Notice indicates that the staff’s recommendation to the SEC may involve a civil injunction action or other action allowed by law, and may seek remedies that include an injunction, disgorgement, pre-judgment interest, civil money penalties, and such other relief as may be available.

The Company is pursuing the Wells Notice process and continues to discuss a potential resolution with the staff. The results, costs, timing and other potential consequences of the above matter are unknown at this time. Associated legal costs are expensed as incurred.

The opening of Item 3, Legal Proceedings.³