Provident bancorp investor alert by the former attorney general of louisiana: kahn swick & foti, llc investigates adequacy of price and process in proposed sale of provident bancorp, inc. - pvbc

New york & new orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of provident bancorp, inc. (nasdaqcm: pvbc) to nb bancorp, inc. (nasdaqcm: nbbk). under the terms of the proposed transaction, shareholders of provident can elect to receive either: (i) 0.691 shares of nb bancorp common stock or (ii) $13.00 in cash, for each share of provident that they own. ksf is see.
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