{"id":714797,"date":"2022-11-25T11:59:08","date_gmt":"2022-11-25T16:59:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\/"},"modified":"2022-11-25T11:59:08","modified_gmt":"2022-11-25T16:59:08","slug":"provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\/","title":{"rendered":"Provident Bancorp Investor Alert: Kaplan Fox Investigates Provident Bancorp"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Nov.  25, 2022  (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=koe6OWp2q3twliwdx6wFam_7PZKYqY8OD8Rj5yK7v7WU--fGMLHSqc_xgufeEw9vmzZXjXN-qN5sbfzriSCMYPvzlT0IxuEbAo5F0AAcmuzNx7LgOxIY00OojymZ21vj\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>) is investigating claims on behalf of investors of Provident Bancorp, Inc. (\u201cProvident\u201d or \u201cCompany\u201d) (NASDAQ: PVBC).<\/p>\n<p>If you acquired Provident Bancorp securities and would like to discuss our investigation, please contact us by emailing\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=I3-Htn4AOjrOVCE3X-cRva8t1h5efnMjpxl-96P1EGoyAbxWjxqSxvhUCp9VVmn1i_T6yCBQu2wzKEJcAK3Z0eQTfzFOBwbvclH-SuAFNpDI8CD7Mi2_d58oMR5UXbIv\" rel=\"nofollow noopener\" target=\"_blank\"><u>pmayer@kaplanfox.com<\/u><\/a>\u00a0or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952.\u00a0<\/p>\n<p>Provident Bancorp is a holding company that operates a commercial bank. The Company offers digital currency, business and private banking, cash management, and personal services.<\/p>\n<p>On November 15, 2022, after the market closed, Provident announced in two SEC filings that it was delaying the issuance of its financial statements and quarterly report on Form 10-Q for the quarter ended September 30 2022. Additionally, Provident said \u201cit currently estimates that it will report a 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\u201d and that \u201c[t]he Company is still evaluating the actual level of losses due to the recent decline in the cryptocurrency mining industry, and such losses may exceed this estimate.\u201d<\/p>\n<p>Following this news, on November 16, 2022, Provident\u2019s shares fell $2.20 per share, over 21%, to close at $7.90 per share.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0<\/p>\n<p><strong>WHY CONTACT KAPLAN FOX<\/strong>\u00a0&#8211; Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.\u00a0 With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.\u00a0 Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.\u00a0 For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at www.kaplanfox.com.\u00a0\u00a0<\/p>\n<p>If you have any questions about this investigation, please contact:\u00a0<\/p>\n<p>Pamela A. Mayer\u00a0<br \/>KAPLAN FOX &amp; KILSHEIMER LLP<br \/>850 Third Avenue, 14th Floor<br \/>New York, New York 10022<br \/>(212) 687-1980<br \/>E-mail:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=I3-Htn4AOjrOVCE3X-cRvVuFKljY3vCOD8QQ-EThsTGblBcyNqixjVFKCdrrbEa-KBUeC0fuQsDDDTvQkDQIYTrouPEKtQIESElsSmCgPaQ=\" rel=\"nofollow noopener\" target=\"_blank\"><u>pmayer@kaplanfox.com<\/u><\/a>\u00a0<\/p>\n<p>Laurence D. King<br \/>KAPLAN FOX &amp; KILSHEIMER LLP<br \/>1999 Harrison Street, Suite 1560<br \/>Oakland, California 94612<br \/>(415) 772-4704<br \/>Fax:\u00a0 (415) 772-4707<br \/>E-mail:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Je_YpEK9UxrbrXv3SDhVtMGe9hu9Yc1lEUNbuD_uN6Ukinuh1G2QUAtdoMw2Bj6xAHAacoTygxJnB8IHP0is6i7XqFUsGo-Ntrc80e9guu4=\" rel=\"nofollow noopener\" target=\"_blank\"><u>lking@kaplanfox.com<\/u><\/a><\/p>\n<p>*This website contains attorney advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p \/>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODcwMzU2OSM1MjgyOTUwIzIwMjA4OTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YTZkN2ExNjQtZmViMS00YTY2LWExMzEtNzdhOTE5NTIxYjFkLTEwMzE5OTk=\/tiny\/Kaplan-Fox-Kilsheimer-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 25, 2022 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Provident Bancorp, Inc. (\u201cProvident\u201d or \u201cCompany\u201d) (NASDAQ: PVBC). If you acquired Provident Bancorp securities and would like to discuss our investigation, please contact us by emailing\u00a0pmayer@kaplanfox.com\u00a0or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952.\u00a0 Provident Bancorp is a holding company that operates a commercial bank. The Company offers digital currency, business and private banking, cash management, and personal services. On November 15, 2022, after the market closed, Provident announced in two SEC filings that it was delaying the issuance of its financial statements and quarterly report on Form 10-Q for the quarter ended September &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Provident Bancorp Investor Alert: Kaplan Fox Investigates Provident Bancorp&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-714797","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Provident Bancorp Investor Alert: Kaplan Fox Investigates Provident Bancorp - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Provident Bancorp Investor Alert: Kaplan Fox Investigates Provident Bancorp - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 25, 2022 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Provident Bancorp, Inc. (\u201cProvident\u201d or \u201cCompany\u201d) (NASDAQ: PVBC). If you acquired Provident Bancorp securities and would like to discuss our investigation, please contact us by emailing\u00a0pmayer@kaplanfox.com\u00a0or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952.\u00a0 Provident Bancorp is a holding company that operates a commercial bank. The Company offers digital currency, business and private banking, cash management, and personal services. On November 15, 2022, after the market closed, Provident announced in two SEC filings that it was delaying the issuance of its financial statements and quarterly report on Form 10-Q for the quarter ended September &hellip; Continue reading &quot;Provident Bancorp Investor Alert: Kaplan Fox Investigates Provident Bancorp&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-25T16:59:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODcwMzU2OSM1MjgyOTUwIzIwMjA4OTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Provident Bancorp Investor Alert: Kaplan Fox Investigates Provident Bancorp\",\"datePublished\":\"2022-11-25T16:59:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\\\/\"},\"wordCount\":380,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODcwMzU2OSM1MjgyOTUwIzIwMjA4OTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/provident-bancorp-investor-alert-kaplan-fox-investigates-provident-bancorp\\\/\",\"name\":\"Provident Bancorp Investor Alert: Kaplan Fox Investigates Provident Bancorp - 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