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.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-25233 80-0091851
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
400 Rella Boulevard, Montebello, New York 10901
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (845) 369-8040
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Not Applicable
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(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
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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
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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
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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.