Katie Chase Joins BankProv and Provident Bancorp's Board of Directors
Provident Bancorp, Inc. (NASDAQ: PVBC) appointed Katie Chase, COO of Coin Metrics, to its Board of Directors on January 27, 2022. With 25 years of experience in finance, including a decade at Fidelity Investments, Chase brings substantial expertise to the bank. This addition aligns with BankProv's strategy to expand into digital asset markets. CEO Dave Mansfield expressed optimism about Chase's contributions, highlighting the bank's commitment to innovative banking solutions in underserved markets like cryptocurrency.
- Appointment of Katie Chase enhances expertise in digital asset markets.
- Chase's experience at Coin Metrics and Fidelity Investments supports strategic growth.
- Transition-related uncertainties may affect operational continuity.
- Potential experience gap as the board adjusts to new leadership.
AMESBURY, Mass., Jan. 31, 2022 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC), the holding company for BankProv (legally operating as The Provident Bank), announced today Katie Chase, Chief Operating Officer of Coin Metrics, was appointed to the Board of Directors of both Provident Bancorp, Inc. and BankProv on January 27, 2022.
Chase joins the Board from her current role at Coin Metrics, where her contributions and vast industry knowledge helped to establish Coin Metrics as the leading provider of cryptoasset data and intelligence.
"As the Bank continues to gain momentum with new lines of business in digital asset markets, our entire team is looking forward to working with Katie, whose impressive background will add deep expertise to our Board, within both the banking and digital currency industries," said Dave Mansfield, CEO of BankProv. "We're fortunate to have Katie join and are excited for the value she'll bring to our Board."
"Dave and his team have demonstrated great vision in their forward-thinking approach to delivering banking solutions for innovative and underserved industries," said Katie Chase. "The team's embrace of new and emerging technologies sets BankProv apart in the industry. I'm excited to be part of the Bank's future and support them in their efforts to build bridges between crypto and traditional markets."
Chase brings 25 years of experience in the financial industry to BankProv's Board of Directors having, most recently, worked at Fidelity Investments for over a decade prior to joining Coin Metrics. Throughout her career, Chase has advised clients and organizations on their growth and enterprise strategies. Her experience spans a wide breadth of disciplines including strategy, product, marketing, and R&D. At Coin Metrics, she is helping build the market infrastructure for cryptoassets through her contributions to the creation of transparent and accessible data and intelligence.
Chase holds an MBA from MIT Sloan School of Management and a Bachelor of Science in Industrial Engineering from Lehigh University.
About Provident Bancorp, Inc.:
BankProv, legally operating as The Provident Bank, is a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC). BankProv is a future-ready commercial bank for corporate clients, specializing in offering adaptive and technology-first banking solutions to niche markets, including cryptocurrency, renewable energy, fin-tech, and search fund lending. We are committed to offering state-of-the-art APIs (application programming interfaces) for all business clients and BaaS (Bank as a Service) partners. Through our offerings, BankProv insures
Forward-Looking Statements
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The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above or other factors could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically disclaims any obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Press Contact: Rachelle Petersen, Marketing Manager
Phone: (978) 407-4604
Email: rpetersen@bankprov.com
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SOURCE Provident Bancorp, Inc.
FAQ
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