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PROVIDENT BANCORP, INC. ANNOUNCES INCREASED QUARTERLY DIVIDEND

 PROVIDENT BANCORP, INC. ANNOUNCES
 INCREASED QUARTERLY DIVIDEND
 CINCINNATI, Aug. 24 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PRBK) ("Provident") announced today an 8 percent increase in the quarterly cash dividend on its common stock to $.27 per share. The increased dividend will be paid beginning with the November 1992 quarterly dividend. Allen L. Davis, president of Provident, stated: "The increase is a reflection of Provident's continued earnings growth and strong capital position."
 Provident is a Cincinnati-based bank holding company with assets of approximately $3.6 billion. Provident's common stock is traded on the NASDAQ National Market System under the trading symbol PRBK.
 -0- 8/24/92
 /CONTACT: Mark E. Magee of Provident Bancorp, Inc., 513-579-2861/
 (PRBK) CO: Provident Bancorp, Inc. ST: Ohio IN: FIN SU: DIV


BM -- CL011 -- 2622 08/24/92 13:40 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
Words:133
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