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PROVIDENT BANCORP, INC. ANNOUNCES INCREASED QUARTERLY DIVIDEND

 PROVIDENT BANCORP, INC. ANNOUNCES
 INCREASED QUARTERLY DIVIDEND
 CINCINNATI, Oct. 15 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ/NMS: PRBK) announced today that the quarterly cash dividend on its common stock is being increased from $.25 per share to $.27 per share. The increased dividend will be paid on Nov. 27, 1992 to holders of record on Nov. 13, 1992. Allen L. Davis, president of Provident, stated, "The increase is a reflection of Provident's continued core earnings growth and strong capital position."
 Provident Bancorp, Inc. is a $3.6 billion bank holding company headquartered in Cincinnati, Ohio. Its banking subsidiaries are The Provident Bank, which has 54 offices - 40 in the greater Cincinnati area, 11 in the greater Dayton area, two in Cleveland and one in Columbus and The Provident Bank of Kentucky, which has six offices in Northern Kentucky.
 -0- 10/15/92
 /CONTACT: Mark E. Magee of Provident Bancorp, Inc., 513-579-2861/
 (PRBK) CO: Provident Bancorp, Inc. ST: Ohio IN: FIN SU: DIV


BM -- CL029 -- 0698 10/15/92 17:34 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
Words:170
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