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Current Share Price: 14.310 
Ningi Research
Initial Report Date(2022/11/17)Share Price:7.900  
RESEARCH REPORT: PROVIDENT BANCORP. (NASDAQ: PVBC)
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NINGI Research is short Provident Bancorp, Inc. (NASDAQ: PVBC), because after recent revelations regarding losses due to crypto-backed loans, we think the bank is riddled with nepotism. In our opinion, the CEO failed at risk management and leadership due to seemingly personal relationships. The board of directors failed at its supervisory duties and the public’s trust in the bank deteriorated. We expect further revelations and regulatory actions in the coming weeks.
By wantattse 
QTinsight - Customized Global Investment Research
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