AMESBURY, Mass., Aug. 25,
2023 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a
future-ready commercial bank that offers technology-driven banking
solutions to its clients, is pleased to welcome Tricia Abood to the organization as Vice
President, Business Development Officer. Tricia brings a wealth of
financial services knowledge and a proven track record in the
industry.
"One of Tricia's many core strengths is her ability to develop
and maintain collaborative relationships with our clients, team
members and business partners," said Joe Reilly, Co-Chief
Executive Officer. "Her focus will be on Business Deposits and Cash
Management Services for businesses in the Greater Bedford, Manchester, and Concord markets."
Tricia joins the BankProv team after thirty years of commercial
banking experience serving in leadership roles at several financial
institutions including: JPMorgan Chase, Bank of New Hampshire, TD Bank and Citizens Bank.
Embodied in those three decades of service are twenty years of
progressive, responsible management positions.
Tricia is a member of the Bedford NH Rotary Club, graduate of
"Leadership Greater Concord", in Concord,
NH, past member of the "Concord Main Street Program",
previous president-elect for the Raymond
Area Chamber of Commerce, previous member of the Manchester
Rotary Club and proud member of BNI.
"I am delighted to work with an organization that has such a
strong focus on taking care of their clients and stakeholders,"
said Abood. "I look forward to supporting the Bank as it continues
its growth trajectory."
Tricia's role will be to grow and maintain a profitable book of
business through disciplined and proactive business development and
relationship management.
About BankProv
BankProv is a subsidiary of Provident Bancorp, Inc. (NASDAQ:
PVBC). BankProv is a future-ready commercial bank that offers
a comprehensive suite of banking products for corporate clients. As
a premier Banking-as-a-Service (BaaS) provider specializing in
technology-driven banking solutions to niche markets, the Bank
seeks to build financially strong and vibrant communities by
investing in the success of their clients through understanding and
solving their unique business needs. BankProv is a trusted advisor
and partner to a wide range of niche, technology-driven industries
including renewable energy, fintech and enterprise value
lending. Headquartered in Amesbury,
Massachusetts, BankProv is the 10th oldest bank
in the nation. The Bank insures 100% of deposits through a
combination of insurance provided by the Federal Deposit Insurance
Corporation (FDIC) and the Depositors Insurance Fund (DIF). To
learn more about the organization, visit bankprov.com.
Forward-Looking Statements
Certain statements
contained herein constitute "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 and are intended to
be covered by the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements may be
identified by words such as "may," "will," "would," "intend,"
"believe," "expect," "plan," "estimate," "anticipate," "continue,"
or similar terms or variations on those terms, or the negative of
those terms. These statements are based upon the current
beliefs and expectations of Company management and are subject to
significant risks and uncertainties. Actual results may differ
materially from those set forth in the forward-looking statements
as a result of numerous factors. Factors that could cause
such differences to exist include, but are not limited to: the
effects of any pandemic disease, natural disaster, national or
international war, act of terrorism, accident, or similar action or
event; those related to the real estate and economic environment,
including inflation, particularly in the market areas in which the
Company operates; fiscal and monetary policies of the U.S.
Government; changes in government regulations affecting financial
institutions, including regulatory compliance costs and capital
requirements; fluctuations in the adequacy of loan loss
reserves; decreases in deposit levels necessitating increased
borrowing to fund loans and investments; operational risks
including, but not limited to, cybersecurity, fraud
and natural disasters; the risk that the Company may not be
successful in the implementation of its business
strategy; changes in prevailing interest rates; credit risk
management; asset-liability management; and other risks described
in the Company's filings with the Securities and Exchange
Commission, which are available at the SEC's website,
www.sec.gov.
The Company wishes to caution readers not to place undue
reliance on any such forward-looking statements, which speak only
as of the date made. The Company wishes to advise readers that the
factors listed above or other factors could affect the Company's
financial performance and could cause the Company's actual results
for future periods to differ materially from any opinions or
statements expressed with respect to future periods in
any current statements. The Company does not undertake and
specifically disclaims any obligation to publicly release the
results of any revisions, which may be made to any forward-looking
statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or
unanticipated events.
Press Contact: Tricia Peters, Vice President of
Marketing
Phone: 480-253-8376
Email: tpeters@bankprov.com
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SOURCE BankProv