Joseph Stilwell reached an agreement with Provident Bancorp (PVBC)
Key Summary: On June 21, 2023, Joseph Stilwell (9.1%) expressed a desire to work with management and the board to maximize shareholder value, criticizing the company's expense control and urging a focus on community banking fundamentals. By September 13, 2023, Stilwell increased his stake to 10.1% and sought board representation. On October 28, 2023, th…