NB Bancorp and Provident Bancorp Secure Regulatory Approval for Merger Completion

NB Bancorp and Provident Bancorp Gain Regulatory Green Light for Merger

In an exciting update for stakeholders, NB Bancorp, Inc., the parent company of Needham Bank, and Provident Bancorp, Inc., associated with BankProv, have announced the successful acquisition of all regulatory approvals necessary to finalize their merger. The merger, which has been in discussion since June 5, 2025, is projected to close on or around November 14, 2025, pending the fulfillment of standard closing conditions.

Joseph Campanelli, Chairman, President, and CEO of Needham, expressed his satisfaction with the progress of the merger process, stating, "Securing the required regulatory approvals within the planned timeframe reflects the dedication and collaborative efforts of our two organizations." He highlighted the significance of this merger, indicating their mission to extend banking services to a broader client base while upholding a community-centric approach, which has characterized Needham Bank for over a century.

Likewise, Joseph Reilly, President, and CEO of Provident, voiced his enthusiasm about the merger, noting the solid foundation that BankProv has established. He remarked, "Needham Bank's commitment to innovation and community complements our values, and I am eager to see how this partnership will propel us forward."

The integration of these two banking entities represents a notable evolution in the landscape of local financial services. Needham Bank, known as the