# Provident Bancorp

Provident Bancorp is a Bank / Wealth / Trust based in Amesbury, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Amesbury, United States
- **Region:** North America
- **Address:** Amesbury, MA, United States
- **Founded:** 1828
- **Assets under management:** Undisclosed
- **Website:** provident.bank
- **LinkedIn:** linkedin.com/company/provident-bancorp-inc

## Regulatory record

- **Reports private funds:** No

## About

Provident Bancorp, Inc. is a bank headquartered in Amesbury, Massachusetts. It oversees approximately $1.6 billion in assets, primarily serving the North American region.

## Sectors

- Private Credit
- Real Estate
- Commercial Banking

## People

- Joseph B. Reilly — President and CEO
- Carol L. Houle — Executive Vice President and CFO

## Questions

### Who runs investment decisions at Provident Bancorp?

Credit allocation and interest-rate risk decisions sit with the commercial banking leadership and a management-level asset-liability committee, which reports to Joseph Reilly, President and CEO. The Provident Bank's board-level loan committee signs off on large commercial credit exposures. A portion of the securities portfolio is managed externally, but the bank's own treasury function oversees duration and liquidity management day-to-day.

### What is Provident's known posture on co-investments alongside external GPs?

Provident does not co-invest in third-party fund structures as a matter of disclosed strategy. Its credit book is entirely self-originated — first mortgages, construction loans, and floating-rate C&I lines to middle-market borrowers in New England. The bank purchases participations in loans originated by other community banks, but does not commit equity to private capital funds.

### How does Provident Bancorp source its commercial deal flow?

Sourcing is relationship-based through a branch network concentrated in Essex County, Massachusetts, and Rockingham County, New Hampshire, and through a small team of commercial bankers covering the manufacturing, professional-services, and industrial property sectors. The bank occasionally purchases loan participations from regional peer banks to increase geographic diversification without expanding its physical footprint.

## Related profiles

- [Providence Wealth Management](https://altss.com/profile/providence-wealth-management)
- [Provident Fund of the Employees of the Hebrew University of Jerusalem](https://altss.com/profile/provident-fund-of-the-employees-of-the-hebrew-university-of-jerusalem)

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Last updated: 2026-06-03T20:00:00.000Z

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