BankProv Hires New Vice President of Business Development

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May 23, 2023, 11:00 ET

AMESBURY, Mass., May 23, 2023 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to welcome Lisa Gainty to the organization as Vice President of Business Development for Retail Banking. As an experienced industry professional with deep ties to the local business community, Lisa is already hard at work connecting new and existing customers with BankProv's suite of retail banking services.

BankProv welcomes Lisa Gainty to the team.

Lisa joins the BankProv team after nearly three decades of serving in leadership roles at financial institutions such as TD Bank and Citizens Bank. She brings a wealth of knowledge and expertise, as well as a strong personal commitment to the local community. Lisa will cover the seacoast from Portsmouth to Newburyport.

She attended University of New Hampshire and Somersworth High School, volunteers with the Prescott Park Arts Festival and has served for 15 years as a board member for the Chamber Collaborative of Greater Portsmouth.

"I am excited to join BankProv and work with such a talented team," said Gainty. "I look forward to leveraging my experience and skills to help drive growth and deliver exceptional value to our retail banking customers."

Retail banking has been an integral component of the Bank's operations since it was founded in 1828. Today, BankProv offers comprehensive financial solutions, industry-leading expertise and a dedicated banking team.

"We are delighted to welcome Lisa to the organization," said Co-CEO Joe Reilly. "This is truly an exciting time for BankProv, as we focus on continuously improving our products and services to deliver the best possible banking experiences to all of our customers."

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. The Bank is a premier Banking-as-a-Service (BaaS) provider and specializes in technology-driven banking solutions to niche markets, including renewable energy, fintech and enterprise value lending. Headquartered in Amesbury, Massachusetts, BankProv is the 10^th 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: [email protected]

SOURCE BankProv