8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): January 14, 2004

                             PROVIDENT BANCORP, INC.
               (Exact Name of Registrant as Specified in Charter)

          Delaware                       0-25233                 80-0091851
- ---------------------------       ---------------------        ---------------
(State or Other Jurisdiction)     (Commission File No.)       (I.R.S. Employer
      of Incorporation)                                      Identification No.)


400 Rella Boulevard, Montebello, New York                       10901
- -----------------------------------------                       -----
(Address of Principal Executive Offices)                     (Zip Code)


Registrant's telephone number, including area code:  (845) 369-8040
                                                     --------------



                                 Not Applicable
          (Former name or former address, if changed since last report)









Items 2, 5.    Acquisition or Disposition of Assets;  Other Events

         On January 14, 2004, Provident Bancorp, Inc. (the "Registrant") issued
a press release reporting that it had completed its stock offering in connection
with the second-step conversion of Provident Bancorp, MHC. The Registrant sold
19,573,000 shares of common stock at $10.00 per share in its stock offering, and
issued 400,000 shares of common stock and contributed $1.0 million in cash to
the Provident Bank Charitable Foundation. In addition, each currently
outstanding share of common stock of Provident Bancorp, Inc., a federal
corporation, has been converted into the right to receive 4.4323 shares of the
Registrant's common stock.

         In addition, the Registrant announced the completion of its acquisition
of E.N.B. Holding Company, Inc. Shareholders of E.N.B. Holding Company, Inc. as
of the close of business on January 14, 2004 received total merger consideration
of approximately $76.47 million, consisting of up to 3,969,676 shares of common
stock of the Registrant and approximately $36.77 million in cash. Shareholders
who elected to receive all stock or indicated "No Preference" will receive
521.3997 shares of common stock of the Registrant for each of their E.N.B.
Holding Company, Inc. shares. Shareholders who made a cash election for all or
some of their E.N.B. Holding Company, Inc. shares will receive a combination of
both shares of common stock and cash, prorated at a factor of 0.98543877. The
acquisition was accounted for using the purchase method of accounting.

Item 7.        Financial Statements and Exhibits

(a) The financial statements and pro forma information required to be filed by
this Item are not available at this time. Such information will be filed as an
amendment to this Current Report on Form 8-K when the information becomes
available; however, in no event will such information be filed any later than 60
days from the last date on which this Form 8-K was required to be filed.

(b) The financial statements and pro forma information required to be filed by
this Item are not available at this time. Such information will be filed as an
amendment to this Current Report on Form 8-K when the information becomes
available; however, in no event will such information be filed any later than 60
days from the last date on which this Form 8-K was required to be filed.

(c) Exhibits.

               Exhibit No.                     Description

                  99                 Press release dated January 14, 2004









                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                              PROVIDENT BANCORP, INC.



DATE: January 21, 2004     By:  /s/ Paul A. Maisch
                               -------------------------------------------------
                               Paul A. Maisch
                               Senior Vice President and Chief Financial Officer





                                  EXHIBIT INDEX

The following exhibit is filed as part of this report:

            Exhibit No.                      Description

              99                  Press release dated January 14, 2004

EX-99

PRESS RELEASE

FOR IMMEDIATE RELEASE
- ---------------------
Contact:
     Roberta Lenett            Stephen G. Dormer         Paul A. Maisch
     Provident Bancorp, Inc.   Provident Bancorp, Inc.   Provident Bancorp, Inc.
     (845) 369-8082            (845) 369-8040            (845) 369-8040

                             PROVIDENT BANCORP, INC.
                     ANNOUNCES COMPLETION OF STOCK OFFERING,
                SECOND-STEP CONVERSION OF PROVIDENT BANCORP, INC.
                 AND ACQUISITION OF E.N.B. HOLDING COMPANY, INC.

         Montebello, New York - (January 14, 2004) Provident Bancorp, Inc. (the
"Company") (Nasdaq: PBCP) announced today that it has completed its stock
offering in connection with the second-step conversion of Provident Bancorp,
MHC. The Company is a new Delaware corporation that now serves as the stock
holding company of Provident Bank as a result of the completion of the
second-step conversion. In the stock offering, shares representing Provident
Bancorp, MHC's ownership interest in Provident Bancorp, Inc., a federal
corporation and the previous holding company of Provident Bank, were sold to
investors. In addition, the Company has completed its acquisition of E.N.B.
Holding Company, Inc., located in Ellenville, New York.

         The new holding company sold 19,573,000 shares of common stock at
$10.00 per share to depositors of Provident Bank as of June 30, 2002, September
30, 2003 and November 10, 2003 and to certain borrowers as of November 10, 2003.
The new holding company also issued 400,000 shares of common stock and
contributed $1.0 million in cash to the Provident Bank Charitable Foundation. In
addition, each outstanding share of common stock of Provident Bancorp, Inc. as
of January 14, 2004 has been converted into the right to receive 4.4323 shares
of the new corporation's common stock. Holders of stock certificates of
Provident Bancorp, Inc. will receive documentation to affect the share exchange.
Stockholders whose shares are held in street name will have the exchange
affected automatically. Cash will be issued in lieu of fractional shares at a
rate of $10.00 per share.

         Shareholders of E.N.B. Holding Company, Inc. as of the close of
business on January 14, 2004 received total merger consideration of
approximately $76.47 million, consisting of up to 3,969,676 shares of common
stock of the Company and approximately $36.77 million in cash. Shareholders who
elected to receive all stock, indicated "No Preference" or did not submit an
election form will receive 521.3997 shares of common stock of the Company for
each of their E.N.B. Holding Company, Inc. shares. Cash also will be issued in
lieu of fractional shares at a rate of $10.00 per share. Shareholders who made a
cash election for all or some of their E.N.B. Holding Company, Inc. shares will
receive cash for approximately 98.5% of their cash election, at a distribution
rate of $4,830 per share, and will receive shares of common stock for the
remainder of their payment. The merger consideration will be mailed on or about
January 20, 2004.

         As a result of the transactions, the Company will have 39,610,034
issued and outstanding shares, subject to adjustment for cash payments in lieu
of fractional shares.

         Shares of the new holding company trade on the Nasdaq National Market.
For the initial 20 trading days, they will trade under the symbol "PBCPD" and,
beginning February 13, 2004, the symbol will be "PBCP". The subscription
offering was managed by Ryan, Beck and Co, Inc. Luse Gorman Pomerenk & Schick
P.C. acted as special counsel to Provident Bancorp, Inc. and Provident Bank.
Thacher Proffitt & Wood LLP acted as special counsel to E.N.B. Holding Company,
Inc.

         For more information contact Roberta Lenett, Vice President-Shareholder
Relations, of Provident Bancorp, Inc. at (845) 369-8082.