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NB Bancorp Freezes Director Retirement and Compensation Plans

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NB Bancorp, Inc. ( (NBBK) ) has issued an announcement.

On January 28, 2025, Needham Bank announced amendments to freeze benefits under its Director Retirement Plan and participation in its Nonqualified Deferred Compensation Plan for Officers. This decision indicates a strategic move to manage financial obligations, potentially impacting future retirement benefits and compensation structures for stakeholders.

More about NB Bancorp, Inc.

NB Bancorp, Inc. operates in the banking industry through its wholly owned subsidiary, Needham Bank. The company is focused on providing banking services, including retirement and compensation plans for directors and officers.

YTD Price Performance: 8.23%

Average Trading Volume: 206,126

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $820.4M

Find detailed analytics on NBBK stock on TipRanks’ Stock Analysis page.

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