AMESBURY, Mass., Feb. 16,
2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ:
PVBC), is pleased to announce the appointment of Julienne Cassarino to its Board of Directors, as
well as the Board of Directors of its operating subsidiary,
BankProv, a future-ready commercial bank that offers
technology-driven banking solutions to its clients. With over two
decades of experience as a distinguished bank analyst and investor,
Ms. Cassarino brings a wealth of knowledge and expertise to the
board.
Ms. Cassarino is the founder of Sycamore Analytics LLC, a
business dedicated to providing comprehensive bank analysis and
investment advice for private bank investors. Her approach combines
rigorous data analysis of company, industry, and economic data with
invaluable insights and context. Additionally, she is the
co-creator of VirtualBankConference.com, an innovative online
platform that facilitates meaningful connections between community
banks and investors, particularly those with limited Wall Street
coverage.
BankProv President and CEO, Joe
Reilly, expressed his enthusiasm for Ms. Cassarino's
appointment, stating, "We are thrilled to welcome Julienne to our
Board of Directors. Her extensive experience, strategic insights,
and dedication to excellence will undoubtedly enhance our
governance and contribute significantly to Provident Bancorp's
continued success."
Ms. Cassarino holds an MBA in Finance from the Wharton School,
University of Pennsylvania, an MSc in
Economics from the London School of
Economics, and a BA in Economics from Trinity College. She is a Certified Financial
Analyst and an active member of the Hartford Society of Financial
Analysts. Beyond her professional achievements, Ms. Cassarino is
dedicated to community service, volunteering with professional
women's empowerment organizations and contributing to the Girl
Scouts of Connecticut.
Provident Bancorp, Inc. looks forward to benefiting from Ms.
Cassarino's valuable contributions as she assumes her role on the
Board of Directors.
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. As a
premier Banking-as-a-Service (BaaS) provider specializing in
technology-driven banking solutions to niche markets, the Bank
seeks to build financially strong and vibrant communities by
investing in the success of their clients through understanding and
solving their unique business needs. BankProv is a trusted advisor
and partner to a wide range of niche, technology-driven industries
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
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
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SOURCE Provident Bancorp, Inc.