NB Bancorp, Inc. and Provident Bancorp, Inc. Reveal Final Adjustment of Merger Compensation

Merger Announcement: NB Bancorp, Inc. and Provident Bancorp, Inc. have entered into a merger agreement, with the transaction expected to be completed on November 15, 2025, involving multiple mergers including Needham Bank and BankProv.

Shareholder Consideration: Provident shareholders can choose between receiving 0.691 shares of Needham common stock or $13.00 in cash per share, with specific allocation and proration procedures outlined in the merger agreement.

Election Deadline: The deadline for Provident shareholders to elect their preferred form of consideration was November 7, 2025, with approximately 75.33% opting for cash and 16.31% for stock.

Forward-Looking Statements: The press release includes caution regarding forward-looking statements, highlighting various risks and uncertainties that could affect the anticipated benefits and completion of the merger.