Provident Bancorp (PVBC) Announces Executive Transitions

Provident Bancorp, Inc. (Nasdaq: PVBC), the holding company for BankProv, announced changes to the executive leadership team and named a new Board Chair, effective January 1, 2023.

In a mutual decision by the Board and Dave Mansfield – CEO and Board Member – Mr. Mansfield separated from both Provident Bancorp, Inc. and BankProv effective December 20, 2022. Carol Houle, CFO, and Joe Reilly, who has been serving as the Board Chair, will serve as interim Co-CEOs and Co-Presidents. Laurie Knapp, who has been serving as the Audit Committee Chair, will serve as Board Chair.

"BankProv remains well-capitalized and on sound financial footing," said Reilly. "Carol and I are confident in the Bank's future and are ready to provide continuity as we chart our course forward."

"We thank Dave for his years of service to the Bank," said Houle. "We remain committed to continuing BankProv's storied history of serving the community and providing innovative banking solutions to our customers."

"Over the past 21 years, I have been fortunate to work with an amazing team at BankProv and I look forward to watching the Bank continue to grow," said Mansfield. "I leave knowing the Bank is in capable hands."

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