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AMESBURY, Mass. , Dec. 2, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for BankProv (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program. Under the repurchase program, the Company may repurchase up to 883,366 shares of its common stock, or approximately five percent of the current outstanding shares. The repurchase program was adopted following the receipt of non-objection from the Federal Reserve Bank of Boston . The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b -18 of the Securities and Exchange Commission and other applicable legal requirements. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares. About Provident Bancorp, Inc. Provident Bancorp, Inc. (NASDAQ:PVBC) is the holding company for BankProv, a full-service commercial bank headquartered in Massachusetts . With retail branches in the Seacoast Region of Northeastern Massachusetts and New Hampshire , as well as commercial banking offices in the Manchester / Concord market in Central New Hampshire , BankProv delivers a unique combination of traditional banking services and innovative financial solutions to its markets. Founded in Amesbury, Massachusetts in 1828, BankProv holds the honor of being 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). For more information, visit bankprov.com . Forward-Looking Statements This news release may contain certain forward-looking statements, such as statements of the Company's or the Bank's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as, "expects," "subject," "believe," "will," "intends," "may," "will be" or "would." These statements are subject to change based on various important factors (some of which are beyond the Company's or the Bank's control), and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management's analysis of factors only as of the date on which they are given). These factors include: general economic conditions; interest rates; inflation; levels of unemployment; legislative, regulatory and accounting changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve Bank; deposit flows; our ability to access cost-effective funding; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in consumer spending, borrowing and savings habits; competition; our ability to successfully shift the balance sheet to that of a traditional community bank; real estate values in the market area; loan demand; the adequacy of our level and methodology for calculating our allowance for credit losses; changes in the quality of our loan and securities portfolios; the ability of our borrowers to repay their loans; our ability to retain key employees; failures or breaches of our IT systems, including cyberattacks; the failure to maintain current technologies; the ability of the Company or the Bank to effectively manage its growth; global and national war and terrorism; the impact of the COVID-19 pandemic or any other pandemic on our operations and financial results and those of our customers; and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents that the Company files from time to time with the Securities and Exchange Commission, including Annual and Quarterly Reports on Forms 10-K and 10-Q, and Current Reports on Form 8-K. Investor contact: Joseph Reilly President and Chief Executive Officer Provident Bancorp, Inc. jreilly@bankprov.com View original content to download multimedia: https://www.prnewswire.com/news-releases/provident-bancorp-inc-adopts-stock-repurchase-program-302320082.html SOURCE Provident Bancorp, Inc.Is there anyone among us who hasn't been hypnotized by a late-night infomercial selling a random gadget or doodad that promises a life of bliss? Didn't think so — and for those who prefer practical presents they can actually use, As Seen On TV products make great holiday gifts. A that's lightweight and flexible? Yes! A that weighs less than 2 pounds? Sounds good. Those are just a few of the gifty gadgets you'll find at Walmart right now. Handy Heater Freedom Wearable Ceramic Heater Horsepower Duck Vacuum Evertone Women's Comfort Toe Straightener Spa and Relax Slippers GraniteStone Robo Twist Electric Automatic Jar Opener Huggle Wearable Blanket Hoodie TubShroom Drain Hair Catcher NutriChopper Vegetable Slicer Miracle Smile Water Flosser GraniteStone Nutriblade Steak Knives, 6-Pack Gopher II Deluxe Grabber Pillow Pad Multi-Angle Tablet Stand Better Brella Inverted Umbrella Fur Daddy Sonic Pet Hair Remover True Touch 5-Finger Deshedding Glove BulbHead Ruby Sliders Chair Pads, 8-Pack In the harsh light of day, it can be hard to justify buying these items for yourself, but as a gift for someone you love? They make total sense. Your friend with enviably long hair will undoubtedly appreciate this drain-saving , while this will be a welcome sight for your husband/sous chef. Not 100% sold? Reviewers often love these products and rave about their effectiveness. Said one fan of a clever that closes upward, "I no longer get soaked getting in or out of the car. I've bought four more to use as gifts." If someone on your holiday shopping list still has you stumped, these As Seen On TV picks from Walmart might be exactly what you're looking for. They're all $40 or less, and they'll get plenty of use all year long. Not only is this a great gift for , but it's a nice pick for people who have to spend time outdoors in frigid conditions. Dads who have to shovel the driveway? Teachers on recess duty? This lightweight heater can be worn around the neck to deliver warmth on demand. Genius, right? It's cordless and rechargeable, and each charge gives it six hours of power. "This is really good!" one happy customer raved. "I can't believe how warm it gets. It is perfect for outdoor activities like football games. I also like how comfortable it is, plus I can plug in my phone to the USB port for charging." Anyone with kids will appreciate this rechargeable handheld vacuum. It's just right for grabbing cookie crumbs and errant fries from the car's floor and in between the seats. Despite the fact that it weighs just over a pound, this easy-to-use gadget packs a lot of power. Shoppers give it 4.8 out of 5 stars. "The vacuum is very lightweight, but does the job," one said. "It is easy to handle and store." At first glance, these may look like just another pair of soft, cozy faux fur slippers, but they're so much more. The soles are made from thick memory foam that hugs the foot with each step, plus the slippers feature clever toe dividers to help relieve pressure and encourage proper alignment. We all know someone who's constantly complaining of foot pain, right? For anyone with weakness or pain in their hands, twisting stubborn lids can be quite the challenge. So why not let a robot do the hard work? This electric jar opener is a nifty little gizmo that clips onto practically any lid and pries it off with the push of a button. How's that for efficiency? Let's do the twist! This reviewer agreed: "Easy to use to open difficult jars." The name says it all. The Huggle is a hoodie and a blanket in one, which makes for optimal coziness on cold days and nights. Chilly tootsies? No longer, thanks to the extra-cozy fleece with a sherpa lining. "Feels like you are wrapped in kittens!" exclaimed a comfy customer. "They are so soft and cozy. My daughter doesn't want to take hers off even when she gets too warm because she says it feels so good. My 17-year-old son practically lives in his. Warning ... if you plan on using this as loungewear, don't plan on getting anything done. You will be in 'lazy mode' until you force yourself to take it off." The tagline here is "No more clogs," but it could be "No more tears" as friends and family with shedding strands never again deal with blocked pipes. They can also say goodbye to caustic chemicals that never actually fix the problem. With TubShroom, each strand wraps around the ingenious cylinder instead of going down the drain. "It really works!" raved a fan. "When I ordered the TubShroom, I was skeptical. ... but surprise, surprise. I absolutely love it. I don't worry about clogging my tub anymore. It fits the drain perfectly and traps all the hair I lose whenever I wash my hair. I'm going to buy a few more to give as gifts to family members." With this gizmo, there's no more tears chopping onions — or tending to cuts after a knife goes awry. Three stainless-steel blades make four chopping styles possible: thick, thin, cube and stick. It's also easy to store and dishwasher-safe. Ideal for holiday meals! One chopper wrote, "I have arthritis and this works wonderfully for me." Another reported, "I needed a better and safer way to cut vegetables, and this is great. I would buy this again." When regular flossing won't do, it's time to bring in the muscle. This gizmo gets rid of residue between the teeth and gum line — a breeding ground for plaque and tartar (and the reason you keep rescheduling your cleaning). A happy reviewer wrote, "My youngest granddaughter just had braces put on and was struggling with food stuck and flossing with dental floss ... this device has taken care of these problems and has made her very happy, which makes me happy!" If you've had an episode of interrupted by a commercial with someone squealing, "I thought you had to be a professional chef to cut like this," this knife set might look familiar. Perfect for anyone in your life who loves slicing and dicing in the kitchen, Nutriblades slice beautifully, plus they're easy to hold and clean. "Great knife set," shared a fan. "These knives are very sharp. They make a perfect cut on meat, and vegetables like tomatoes, zucchini, squash, etc. I'm very happy with my purchase. The knives are beautiful and well-made." Some of us are not blessed with height. Some of us have aches and pains that prevent us from stretching. The Gopher is a hero to all. It can extend your reach by nearly 3 feet, allowing you to conquer those high shelves and low cabinets. Its rotating head lets you get into hard-to-reach spots, and the included suction cup means you get a better grip. This shopper just can't get enough of their Gopher: "My buddy, my bestie, my savior! My recovery would've meant even more agony if I didn't have my grabber because I drop everything. I traveled out-of-state for surgery, so it folded in my suitcase with little to no space taken up." This clever cushion lets the tablet addict in your life use their device while sitting or lying down. Three adjustable angles mean there's no more wrestling with the tablet, and it even comes with a built-in side pocket for storing a phone or accessories like AirPods, glasses or chargers. Its built-in ledge means it can be used to prop up a device or a book too. The ultra-soft cover is removable and machine-washable. Comes in four colors. "I was a little skeptical at first," admitted one shopper. "But I love this cushioned tablet holder because I can use it while sitting on the couch or lying in bed (the actual reason I bought it). It is lightweight but very stable, and flipping it for different positions is so easy. I use it for my tablet and phone. I will buy one for my daughter." Sure, the average umbrella keeps you dry, but we all know how it drips all over the house as soon as you walk in the door. The Better Brella closes upward, trapping all the wet folds of cloth and preventing them from leaking all over the floor. This inverted umbrella is also windproof up to 50 mph. One reviewer purchased one after seeing this product advertised on TV: I ordered this after seeing the infomercial because it just made sense. The Better Brella is exactly that — better! I don't get wet getting out of my car, my papers don't get wet when I get in my car, and there are no drips on the floor or carpet when I enter a building. Brilliant product — several friends have purchased one since I received mine." Shopping for a pet parent? This little gadget employs sonic technology to lift dog and cat hair off of furniture, carpets, drapes, bedding, clothing and more. Drag it along the surface of your couch and the sonic vibrations loosen trapped hair as the microfiber bristles cling to it and lift it up and away. The device is reusable, much like a handheld vacuum, and has a built-in LED light to illuminate where hair is hiding. This reviewer said it works great for homes with cats: "We have a cat with long hair who constantly sheds and the sonic pet hair remover really works. 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Scalpers, or "yellow cows" as they are commonly known in Chinese, have been accused of using various tactics to acquire large quantities of vouchers, including queue jumping, using fake identities, and manipulating online systems. These vouchers are then resold on the black market at significantly higher prices, making them inaccessible to many ordinary citizens.A left-wing former history teacher, Yamandú Orsi, has won the presidential election in Uruguay. Orsi beat Álvaro Delgado, the candidate for the governing conservative coalition, by more than three percentage points in Sunday’s run-off. Delgado conceded defeat and congratulated Orsi and his Broad Front coalition, which will now return to power after five years of conservative rule. The Broad Front governed Uruguay for 15 years from 2005 to 2020 before being beaten by outgoing President Luis Lacalle Pou – who under Uruguay’s constitution was barred from standing for a second consecutive term in this election. Orsi, 57, is seen as a protege of former President José Mujica, who won the hearts of many in Uruguay through his modest lifestyle, prompting many to label him “the world’s poorest president”. Orsi himself comes from a humble background, having grown up in rural Uruguay in a house without electricity. While working as a school history teacher, he became active in local politics, eventually becoming mayor of Canelones, Uruguay’s second-most populous department. During Orsi’s time at the helm in Canelones, tech giant Google announced it would build a huge data centre in the department. Orsi struck a business-friendly note in his campaign, saying that he planned to avoid raising taxes that could scare off investors. Addressing his supporters on Sunday evening, he stressed he wanted to be a president for all 3.4 million Uruguayans, saying he would “call for a national dialogue again and again” and that he would listen to those who had voted for his rival. “I’m going to be the president who builds a more integrated country, where we set aside our differences and nobody is left behind, neither economically, socially or politically.” Outgoing President Luis Lacalle Pou said he would work with Orsi to ensure a smooth transition ahead of the swearing-in of the new president on 1 March next year. Orsi’s Broad Front also won a majority in the Uruguyan Senate, but his coalition did not clinch a majority in the Chamber of Representatives. Uruguay’s election – which pitted two moderates against each other – has bucked the trend seen in other countries in the Western Hemisphere, such as Argentina, Brazil and the US, where deep divisions came to the fore. Courtesy: BBC

The YU7, as the name suggests, is pronounced as "Y-U-7", emphasizing the union of technology and innovation in this new venture by Xiaomi. With its sleek and sophisticated appearance, the YU7 is set to revolutionize the SUV market with its blend of cutting-edge technology and premium features.Moreover, the spread of new variants of the virus and the uneven distribution of vaccines across the globe continue to pose a threat to the global economy and trade. The ability of countries to effectively manage these challenges will be crucial in sustaining the momentum of global trade growth in the fourth quarter and beyond.