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PROVIDENT BANCORP, INC. INCREASES QUARTERLY DIVIDEND AND APPOINTS NEW BOARD MEMBER

 PROVIDENT BANCORP, INC. INCREASES QUARTERLY DIVIDEND
 AND APPOINTS NEW BOARD MEMBER
 CINCINNATI, Jan. 23 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PRBK) ("Provident") announced today that the quarterly dividend on its common stock is being increased from $.20 per share to $.25 per share. The increased dividend will be paid on Feb. 21, 1992, to holders of record on Feb. 7, 1992. Allen L. Davis, president of Provident, said the increase is a reflection of the strong earnings growth Provident continues to experience.
 Provident also announced today that Jack M. Cook has been appointed to the boards of directors of Provident Bancorp, Inc. and its principal banking subsidiary, The Provident Bank. Cook is the president of The Christ Hospital, a 660-bed acute care hospital located in Cincinnati. Cook and his wife, Janice, have three children and reside in Wyoming, Ohio. He is an active member of the community, currently serving in various capacities with the Cincinnati Better Business Bureau, Community Chest of Cincinnati, United Way of America, University of Cincinnati College of Business, Wyoming Presbyterian Church, and Xavier University, among other community organizations. Cook is a member of a number of professional organizations, including the American College of Hospital Executives, American Hospital Association, Duke University Hospital and Health Administration Alumni Association, Ohio Hospital Association and Voluntary Hospitals of America.
 Provident Bancorp is a Cincinnati-based bank holding company with assets of $3.5 billion at Dec. 31, 1991. Its banking subsidiaries are The Provident Bank, which has 52 offices -- 38 in the greater Cincinnati area, 11 in the greater Dayton, Ohio, area, two in Cleveland and one in Columbus, Ohio, and The Provident Bank of Kentucky, which has two offices in Campbell County, Kentucky.
 -0- 1/23/92
 /CONTACT: Mark E. Magee of Provident Bancorp, 513-579-2861/
 (PRBK) CO: Provident Bancorp, Inc. ST: Ohio IN: FIN SU: DIV PER


DA -- CL022 -- 3050 01/23/92 17:31 EST
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Publication:PR Newswire
Date:Jan 23, 1992
Words:314
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