July 9, 2003 Mr. George Strayton President and Chief Executive Officer Provident Bancorp, Inc. 400 Rella Boulevard Montebello, New York 14094-3785 Dear Mr. Strayton: This letter sets forth the agreement between Provident Bancorp, Inc., Montebello, New...Provident Bancorp Inc/Ny/ • September 15th, 2003 • Savings institutions, not federally chartered
This letter sets forth the agreement between Provident Bancorp, Inc., Montebello, New York ("Provident"), subsidiary of Provident Bancorp, MHC, and RP Financial, LC. ("RP Financial"), whereby Provident has engaged RP Financial to prepare the written business plan document and financial projections reflecting the pro forma impact of the mutual to stock conversion of Provident, the simultaneous cash and stock acquisition of E.N.B. Holding Company, Inc., Ellenville, New York ("ENB"), the banking holding company for Ellenville National Bank and the post-conversion and merger activities of Provident. These services are described in greater detail below.
July 9, 2003 Mr. George Strayton President and Chief Executive Officer Provident Bancorp, Inc. 400 Rella Boulevard Montebello, New York 14094-3785 Dear Mr. Strayton: This letter sets forth the agreement between Provident Bancorp, Inc. ("Provident" or...Provident Bancorp Inc/Ny/ • September 15th, 2003 • Savings institutions, not federally chartered
