Warwick Community Bancorp (NASDAQ:WSBI)
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Provident Bancorp, Inc. and Warwick Community Bancorp, Inc.
Announce Receipt of Regulatory Approvals to Complete Merger
MONTEBELLO, N.Y., Sept. 16 /PRNewswire-FirstCall/ -- Provident Bancorp, Inc.,
the holding company for Provident Bank ("Provident" Nasdaq: PBCP), and Warwick
Community Bancorp, Inc. ("Warwick" Nasdaq: WSBI) jointly announced today that
Provident has received all required regulatory approvals to complete its merger
with Warwick. The merger remains subject to approval by Warwick's
shareholders. A meeting of shareholders that has been called for that purpose
is being held September 22, 2004. Subject to the receipt of shareholder
approval, Provident and Warwick anticipate that the merger will be completed
October 1, 2004, or as soon thereafter as practicable.
This news release contains forward-looking statements. You can find many of
these statements by looking for words such as "plan," "believe," "expect,"
"intend," "anticipate," "estimate," "project," "potential" or other similar
expressions. Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's judgment only as of the
date hereof. Provident and Warwick undertake no obligation to publicly revise
these forward-looking statements to reflect events and circumstances that arise
after the date hereof.
Provident Bancorp, Inc. has filed a registration statement, a proxy
statement/prospectus and other relevant documents concerning the proposed
transaction with the Securities and Exchange Commission (the "SEC").
Stockholders are urged to read the registration statement and the proxy
statement/prospectus and any other relevant documents filed with the SEC, as
well as any amendments or supplements to those documents, because they contain
important information. You can obtain a free copy of the joint proxy
statement/prospectus, as well as other filings containing information about
Provident and Warwick, at the SEC's Internet site (http://www.sec.gov/ ).
Copies of the proxy statement/prospectus also can be obtained, without charge,
by directing a request to Warwick Community Bancorp, Inc., attn. Barbara A.
Rudy - Moore, Senior Vice President, 18 Oakland Avenue, P.O. Box 591, Warwick,
New York 10990-0591, 845-986-2206 ext. 2238, or by sending a request to , or to
Provident Bancorp, Inc., Investor Relations, attn. Roberta Lenett, 400 Rella
Boulevard, Montebello, New York 10901, (845) 369-8082.
Warwick Community Bancorp, Inc., and its directors and executive officers may
be deemed to be participants in the solicitation of proxies from the
stockholders of Warwick in connection with the acquisition. Information about
the directors and executive officers of Warwick and their ownership of Warwick
common stock is set forth in the joint proxy statement/prospectus.
DATASOURCE: Provident Bancorp, Inc.; Warwick Community Bancorp, Inc.
CONTACT: George Strayton, President and Chief Executive Officer of
Provident Bancorp, Inc., +1-845-369-8040; or Fred G. Kowal, Chief Executive
Officer of Warwick Community Bancorp, Inc., +1-845-986-2206
Web site: http://www.providentbanking.com/