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PVBC.US
id: 739

Provident Bancorp (PVBC) Fail-to-File Case

  • Provident Bancorp failed timely file the 10-Q form with SEC.
  • $PVBC fell 21%, damaging shareholders.
  • Investors may suspect Provident and Accountables of misleading and negligence which led to investment losses.
On November 15, 2022, Provident Bancorp, Inc. (NASDAQ: PVBC) filed a Form NT 10-Q Notification of inability to timely file Form 10-Q for the quarter ended September 30, 2022. The Form NT 10-Q stated the delay was due to "estimates that Provident]will report net loss of approximately $27.5 million for the quarter ended September 30, 2022, compared to net income of $5.1 million for the quarter ended September 30, 2021."

On this news, $PVBC fell 21%, damaging investors.

Taking appeared facts into account, Investors may have reasons to suspect Provident and Accountables of misleading and negligence which led to investment losses.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Negligence
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
15 November 2022
Collecting participants…

Provident Bancorp Inc

Provident Bancorp, Inc. operates as the bank holding company for BankProv that provides various banking services to commercial and consumer clients in the United States. It offers checking, term ce...

    Ticker
    PVBC.US
    ISIN
    US74383L1052
    CIK
    1635840
    Sector
    Financial Services
    Industry
    Banks - Regional
    Country
    USA
    Address
    5 Market Street, Amesbury, MA, United States, 01913