Provident Bancorp, Inc..
PVBC.US | Other monetary intermediation
Provident Bancorp, Inc. operates as the holding company for The Provident Bank that provides various banking products and services to individuals, families, and businesses in Massachusetts and New Hampshire. It accepts various deposit products, including checking, savings, and money market accounts,...Show More
Better Health for All
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Provident Bancorp, Inc. operates as a holding company for a bank, providing traditional banking products and services such as checking, savings, and various loan types. The company's core business activities do not inherently have direct positive or negative health impacts. While Provident Bank offers lending and cash management solutions to organizations within the healthcare sector, this constitutes financial services to the industry rather than direct health-related products or services from the bank itself.
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Similarly, community investments and charitable donations, such as BankProv's $329,000 in donations to 97 organizations and $65,000 in housing, workforce, and childcare investment, are indirect contributions to community well-being rather than direct health interventions or products.
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Therefore, the company's operations are considered neutral across all health-related KPIs, as they do not directly engage in activities that would impact health outcomes, safety, accessibility, or innovation in the healthcare field.
Fair Money & Economic Opportunity
0
The provided articles, consisting of a company description and a 'page not found' notice, explicitly state that no quantitative data, regulatory actions, certifications, comparisons, or specific metrics are available to assess the company against the KPIs for Fair Money & Economic Opportunity.
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Therefore, no assessment can be made for any of the KPIs.
Fair Pay & Worker Respect
-10
Based on the available evidence, Provident Bancorp's alignment with fair pay and worker respect is limited. The 2022 and 2023 annual reports lack specific data on key metrics such as living wage coverage, pay equity ratio, safety incident rate, and turnover rate
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. Glassdoor reviews indicate a worker engagement score of 3.56/5, with 62% of employees recommending the company
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. Some reviews mention concerns about low pay and favoritism
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. Salary.com reports a CEO-to-median-employee pay ratio of 43:1
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. A job posting lists health benefits including medical, dental, vision, and retirement plans
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. The absence of comprehensive data prevents a higher score, but the available information suggests some positive aspects offset by areas of concern. Therefore, a score of -10 is assigned. The company has 195 employees
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. The materiality analysis indicates a medium level of materiality.
Fair Trade & Ethical Sourcing
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No evidence available to assess Provident Bancorp, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No evidence available to assess Provident Bancorp, Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess Provident Bancorp, Inc. on Kind to Animals.
No War, No Weapons
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No evidence available to assess Provident Bancorp, Inc. on No War, No Weapons.
Planet-Friendly Business
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No evidence available to assess Provident Bancorp, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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No evidence available to assess Provident Bancorp, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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Provident Bancorp, Inc. provides annual cybersecurity training for its employees, executives, and board members.
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The company and its subsidiary, The Provident Bank, are subject to extensive regulation by the Massachusetts Commissioner of Banks, FDIC, and Federal Reserve Board.
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BankProv, a subsidiary, received a 'Satisfactory' rating under the Community Reinvestment Act (CRA) by the FDIC and Massachusetts law.
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No specific regulatory violations, fines, or compliance issues are mentioned in the provided articles.
Zero Waste & Sustainable Products
-40
Provident Bank conducted its third annual 'Green Clean Day,' an initiative that resulted in the shredding and recycling of 35,415 lbs of paper.
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This action avoided 5,835 lbs of CO2 emissions and conserved 110,466 gallons of water.
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