NB Bancorp, the holding company of Needham Bank, and Provident Bancorp, the holding company of BankProv, received all required regulatory approvals to complete the proposed merger, which was previously announced on June 5, 2025. The proposed merger is expected to be completed on or about Nov. 14, 2025, subject to the satisfaction of the remaining customary closing conditions. Provident stockholders approved the merger on Sept. 16, 2025.
Joseph Campanelli, chairman, president and CEO at Needham, said, “Obtaining all required regulatory approvals in the timeframe we were able to secure them speaks to the commitment and efforts of these two organizations coming together as one. We look forward to expanding our footprint to the north and bringing the same products and services that have defined our 133-year history, while continuing to serve the needs of our customers, employees and communities as a true community bank.”
Joseph Reilly, president and CEO of Provident, said, “I am proud of what BankProv has built, and I’m equally excited to see how Needham Bank will take that foundation even further. Their commitment to innovation and community mirrors our own, and I am excited for the opportunities this next chapter will create.”
