Brief: Provident Bancorp Says Co Will Reorganize Into Fully Public Stock Holding Company Structure
05/06/2019 22:42
June 5 (Reuters) - Provident Bancorp Inc PVBC.O :
* PROVIDENT BANCORP, INC. ANNOUNCES ADOPTION OF PLAN OF
CONVERSION
FOR SECOND-STEP STOCK OFFERING
* PROVIDENT BANCORP INC - PURSUANT TO PLAN OF CONVERSION,
COMPANY
WILL REORGANIZE INTO A NEW FULLY PUBLIC STOCK HOLDING COMPANY
STRUCTURE
* PROVIDENT BANCORP - AS PART OF CONVERSION, BANK WILL
BECOME
WHOLLY OWNED SUBSIDIARY OF NEW HOLDING COMPANY, WHICH WILL ALSO
BE NAMED PROVIDENT BANCORP
Source text for Eikon: ID:nGNX9G63Dp
Further company coverage: PVBC.O
((Reuters.Briefs@thomsonreuters.com;))
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