Provident Bancorp Inc (PVBC) has released an update to notify the public and investors about its officers.
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Provident Bancorp, Inc. announced a leadership transition with Co-President and Co-CEO Carol L. Houle separating from her roles at the company and BankProv, effective February 9, 2024. Ms. Houle will receive a severance payment and retain rights to vested benefits. Concurrently, Joseph B. Reilly will assume the position as the sole President and CEO. Mr. Reilly brings over 35 years of experience in banking and has held numerous influential positions within the industry, including a historical role as Chairman of the New Hampshire Bankers Association.
For further insights into PVBC corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
