-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IpX80B3ff9KrqWQ/N3tdVAolOzrD8Kb+ymcF8kDumZf9KyWSpTiPQSSmRRnVgw/U tnZon3c+jY+ZZkCb1CFxjw== 0000943374-04-001136.txt : 20041201 0000943374-04-001136.hdr.sgml : 20041201 20041201161354 ACCESSION NUMBER: 0000943374-04-001136 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041201 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041201 DATE AS OF CHANGE: 20041201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROVIDENT BANCORP INC/NY/ CENTRAL INDEX KEY: 0001070154 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 800091851 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25233 FILM NUMBER: 041177683 BUSINESS ADDRESS: STREET 1: 400 RELLA BLVD CITY: MONTEBELLO STATE: NY ZIP: 10901 BUSINESS PHONE: 8453698040 8-K 1 form8k_120104.txt 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): December 1, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers -------------------------------------------- On December 1, 2004, Richard O. Jones was appointed to the position of Executive Vice President, Business Services of Provident Bancorp, Inc. (the "Company") and its wholly-owned subsidiary, Provident Bank (the "Bank"). Mr. Jones, age 55, has 30 years of banking experience, starting with Manufacturers Hanover, followed by Chemical Bank and JP Morgan Chase. His experience includes roles in branch and systems operations, a variety of staff planning and MIS functions, and close to 25 years managing major front line retail sales staff in urban as well as suburban settings. Most recently, he served as Senior Vice President and Regional Manager for the Tri-State (New York-New Jersey-Connecticut) and Texas regions of JP Morgan Chase's retail bank, which includes 325 branches, as well as Banker Manager for Chase's mass-market affluent program across the Chase branch network. While Regional Manager for the Tri-State region, Mr. Jones was active on various boards, most notably, chairman of the board of trustees of the Westchester Arts Council. Mr. Jones is not a party to an employment agreement with either the Company or the Bank. Mr. Jones is not a party to any transaction with the Company and the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K. Attached as Exhibit 99 to this report is the Company's press release announcing the appointment. Item 9.01. Financial Statements and Exhibits --------------------------------- The Index of Exhibits immediately precedes the attached exhibits. 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: December 1, 2004 By: /s/ Paul A. Maisch ----------------------------------------- Paul A. Maisch Senior Vice President and Chief Financial Officer EXHIBIT INDEX The following exhibits are filed as part of this report: Exhibit No. Description 99 Press Release of Provident Bancorp, Inc. EX-99 2 form8k_120104ex99.txt EXHIBIT 99 PRESS RELEASE OF PROVIDENT BANCORP, INC. [letterhead of Provident Bancorp, Inc.] News Release For Immediate RELEASE Stock Symbol: PBCP December 1, 2004 Traded on Nasdaq National Market CONTACT: Bill Madden, M.C.M. (845) 352-3650 PROVIDENT BANK NAMES RICHARD O. JONES EXECUTIVE VICE PRESIDENT, BUSINESS SERVICES Long-time resident of Monroe starts in new role today MONTEBELLO, N.Y. - December 1 - Provident Bank CEO George Strayton announced today that Richard O. Jones has been appointed to the newly created role of Executive Vice President, Business Services effective today. As a member of Provident Bank's senior management team, Jones will report directly to Strayton and will be responsible for the bank's business areas, including retail, operations, information technology, marketing and product management, trust and investments, small business lending and consumer loans, and mortgage underwriting and services. He will be based at the bank's Montebello headquarters. "This is a very exciting time in our 116-year history and Rick Jones will play a leadership role in Provident Bank's ongoing evolution as a full-service community bank that serves the Hudson Valley region," said Strayton. "Rick has impressive credentials in all facets of banking and he will help develop strategies that will allow the bank to continue to deliver a high level of service to our customers. In addition, Rick has a thorough understanding of the Hudson Valley where he has lived for many years." --more-- Provident Bank: Jones appointment -- 2 Jones is a veteran of retail banking. His career spans 30 years of both front line and staff experience starting with Manufacturers Hanover, followed by Chemical Bank and JP Morgan Chase. His experiences include roles in branch and systems operations, a variety of staff planning and MIS functions, and close to 25 years managing major front line retail sales staff in urban as well as suburban settings. His two most recent roles were as Senior Vice President and Regional Manager for the Tri-State (New York-New Jersey-Connecticut) and Texas regions of JP Morgan Chase's retail bank, which includes 325 branches, as well as Banker Manager for Chase's mass market affluent program across the Chase branch network. While Regional Manager for the Tri-State region, Jones was active on various boards, most notably, chairman of the board of trustees of the Westchester Arts Council. Jones is a graduate of Fordham University, where he earned a degree in History, and New York University, where he earned his MBA in Finance. Jones lived in Monroe for 23 years during which time he served four years as a Monroe town councilman and a member of the Monroe planning board for three years. Jones and his wife currently reside in Warwick. Headquartered in Montebello, N.Y., Provident Bank, with over $2.5 billion in assets, is an independent full-service community bank. Provident Bank operates 36 branches that serve the Hudson Valley region, including two offices in Bergen County, N.J. The bank offers a complete line of commercial, retail and investment management and trust services. Visit the Provident Bank web site at www.providentbanking.com. -----END PRIVACY-ENHANCED MESSAGE-----