Provident Bancorp (PVBC) Announces 625K tock Repurchase Program

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Go back to Provident Bancorp (PVBC) Announces 625K tock Repurchase Program

Provident Bancorp, Inc. Announces Stock Repurchase Program

January 26, 2017 4:35 PM EST

AMESBURY, Mass., Jan. 26, 2017 /PRNewswire/ -- Provident Bancorp, Inc. (Nasdaq Capital Market: PVBC) (the "Company") today announced that its Board of Directors has adopted a stock repurchase program.  Under the repurchase program, the Company may repurchase up to 625,015 shares of its common stock, or approximately 6.6% of the current outstanding shares.  This amount represents the number of shares authorized for issuance pursuant to grants of stock options and restricted stock under the Company's recent adopted equity incentive plan.

Repurchases will be made no sooner than the termination of the Company's regular... More