PORTSMOUTH — Dave Mansfield, president and CEO of Provident Bancorp, Inc. (NASDAQ: PVBC), announced its ranking in the top 30 nationally by Sandler O’Neill Sm-All Stars: Class of 2018. The ranking identifies top performing small-cap banks and thrifts in the country to uncover the next crop of stellar mid-cap banks before they are discovered by the rest of the world.
“After only three years as a partially traded public company, it is quite an achievement to be recognized as one of the highest performing institutions in the country,” Mansfield said.
Sandler O’Neill + Partners is an investment banking firm and broker-dealer focused on the financial services sector. To earn Sm-All Star status, companies needed to have a market cap below $2.5 billion. Of 401 institutions evaluated, only 30 made the Sm-All Star Class list.