Provident Bancorp (PVBC) Announces 625K tock Repurchase Program
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Provident Bancorp, Inc. Announces Stock Repurchase Program
January 26, 2017 4:35 PM ESTAMESBURY, 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
