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Provident Bancorp, Inc. Adopts Stock Repurchase Program
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ST. SIMONS ISLAND, Ga. — PGA Tour rookie Patrick Fishburn played bogey-free for an 8-under 64 for his first lead after any round. Joel Dahmen was 10 shots behind and had a bigger cause for celebration Friday in the RSM Classic. Dahmen made a 5-foot par putt on his final hole for a 2-under 68 in tough conditions brought on by the wind and cold, allowing him to make the cut on the number and get two more days to secure his PGA Tour card for next year. He is No. 124 in the FedEx Cup. "I still got more to write this weekend for sure," said Dahmen, who recently had said his story is not yet over. "But without having the opportunity to play this weekend, my story would be a lot shorter this year." Fishburn took advantage of being on the easier Plantation course, with trees blocking the brunt of the wind and two additional par 5s. He also was helped by Maverick McNealy, who opened with a 62 on the tougher Seaside course, making two bogeys late in his round and having to settle for a 70. Fishburn, who already has locked up his card for next year, was at 11-under 131 and led McNealy and Lee Hodges (63) going into the weekend. Michael Thorbjornsen had a 69 and was the only player who had to face Seaside on Friday who was among the top five. What mattered on this day, however, was far down the leaderboard. The RSM Classic is the final tournament of the PGA Tour season, and only the top 125 in the FedEx Cup have full status in 2025. That's more critical than ever with the tour only taking the top 100 for full cards after next season. Players like Dahmen will need full status to get as many playing opportunities as they can. That explains why he felt so much pressure on a Friday. He didn't make a bogey after his opening hole and was battling temperatures in the low 50s that felt even colder with the wind ripping off the Atlantic waters of St. Simons Sound. He made a key birdie on the 14th, hitting a 4-iron for his second shot on the 424-yard hole. Dahmen also hit wedge to 2 feet on the 16th that put him on the cut line, and from the 18th fairway, he was safely on the green some 40 feet away. But he lagged woefully short, leaving himself a testy 5-footer with his job on the line. "It was a great putt. I was very nervous," Dahmen said. "But there's still work to do. It wasn't the game-winner, it was like the half-court shot to get us to halftime. But without that, and the way I played today, I wouldn't have anything this weekend." His playing partners weren't so fortunate. The tour put three in danger of losing their cards in the same group — Zac Blair (No. 123), Dahmen and Wesley Bryan (No. 125). The cut was at 1-under 141. Blair and Bryan came to the 18th hole needing birdie to be assured of making the cut and both narrowly missed. Now they have to wait to see if anyone passes them, which is typically the case. Thorbjornsen in a tie for fourth and Daniel Berger (66 at Plantation) in a tie for 17th both were projected to move into the top 125. Dahmen, indeed, still has work to do. Fishburn gets a weekend to see if he can end his rookie year with a win. "I've had a lot of experience playing in cold growing up in Utah, playing this time of year, kind of get used to playing when the body's not moving very well and you've got to move your hands," said Fishburn, who played college golf at BYU. "Just pretty happy with how I played." Ludvig Aberg, the defending champion and No. 5 player in the world competing for the first time in more than two months because of knee surgery, bounced back with a 64 on Plantation and was back in the mix. Aberg played with Luke Clanton, the Florida State sophomore who looks like he belongs each week. Clanton, the No. 1 player in the world amateur ranking who received a sponsor exemption, had a 65 at Plantation and was two shots off the lead. Clanton already has a runner-up and two other top 10s since June. "Playing with him, it's pretty awesome to watch," Clanton said. "We were kind of fanboying a little it. I know he's a really good dude but to be playing with him and to see what he's done over the last couple years, it's pretty inspirational."
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AMESBURY, Mass. , Dec. 2, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for BankProv (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program. Under the repurchase program, the Company may repurchase up to 883,366 shares of its common stock, or approximately five percent of the current outstanding shares. The repurchase program was adopted following the receipt of non-objection from the Federal Reserve Bank of Boston . The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b -18 of the Securities and Exchange Commission and other applicable legal requirements. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares. About Provident Bancorp, Inc. Provident Bancorp, Inc. (NASDAQ:PVBC) is the holding company for BankProv, a full-service commercial bank headquartered in Massachusetts . With retail branches in the Seacoast Region of Northeastern Massachusetts and New Hampshire , as well as commercial banking offices in the Manchester / Concord market in Central New Hampshire , BankProv delivers a unique combination of traditional banking services and innovative financial solutions to its markets. Founded in Amesbury, Massachusetts in 1828, BankProv holds the honor of being the 10th oldest bank in the nation. The Bank insures 100% of deposits through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information, visit bankprov.com . Forward-Looking Statements This news release may contain certain forward-looking statements, such as statements of the Company's or the Bank's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as, "expects," "subject," "believe," "will," "intends," "may," "will be" or "would." These statements are subject to change based on various important factors (some of which are beyond the Company's or the Bank's control), and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management's analysis of factors only as of the date on which they are given). These factors include: general economic conditions; interest rates; inflation; levels of unemployment; legislative, regulatory and accounting changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve Bank; deposit flows; our ability to access cost-effective funding; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in consumer spending, borrowing and savings habits; competition; our ability to successfully shift the balance sheet to that of a traditional community bank; real estate values in the market area; loan demand; the adequacy of our level and methodology for calculating our allowance for credit losses; changes in the quality of our loan and securities portfolios; the ability of our borrowers to repay their loans; our ability to retain key employees; failures or breaches of our IT systems, including cyberattacks; the failure to maintain current technologies; the ability of the Company or the Bank to effectively manage its growth; global and national war and terrorism; the impact of the COVID-19 pandemic or any other pandemic on our operations and financial results and those of our customers; and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents that the Company files from time to time with the Securities and Exchange Commission, including Annual and Quarterly Reports on Forms 10-K and 10-Q, and Current Reports on Form 8-K. Investor contact: Joseph Reilly President and Chief Executive Officer Provident Bancorp, Inc. jreilly@bankprov.com View original content to download multimedia: https://www.prnewswire.com/news-releases/provident-bancorp-inc-adopts-stock-repurchase-program-302320082.html SOURCE Provident Bancorp, Inc.
A government shutdown would disrupt everything from law enforcement to national parks and suspend pay for millions of federal workers. Photo: Reuters The House voted 366-34 to approve the bill on Friday, a day after rejecting Trump's debt ceiling demand. The Democratic-controlled Senate will also need to pass the bill to advance it to President Joe Biden, who the White House said would sign it into law to ensure the United States government will be funded beyond midnight, when current funding expires. The legislation would extend government funding until March 14, provide $US100 billion ($NZ176 billon) for disaster-hit states and $US10 billion for farmers. However, it would not raise the debt ceiling - a difficult task that Trump has pushed Congress to do before he takes office on January 20. A government shutdown would disrupt everything from law enforcement to national parks and suspend pay cheques for millions of federal workers. A travel industry trade group warned that a shutdown could cost airlines, hotels and other companies $US1 billion per week and lead to widespread disruptions during the busy Christmas season. Authorities warned that travellers could face long lines at airports. The package resembled a bipartisan plan that was abandoned earlier this week after an online fusillade from Trump and his billionaire adviser Elon Musk, who said it contained too many unrelated provisions. Most of those elements were struck from the bill - including a provision limiting investments in China that Democrats said would conflict with Musk's interests there. "He clearly does not want to answer questions about how much he plans to expand his businesses in China and how many American technologies he plans to sell," Democratic Representative Rosa DeLauro said on the House floor. Musk, the world's richest person, has been tasked by Trump to head a budget-cutting task force but holds no official position in Washington. The bill also left out Trump's demand to the nation's debt ceiling, which was resoundingly rejected by the House - including 38 Republicans - on Thursday. The federal government spent roughly $US6.2 trillion last year and has more than $US36 trillion in debt, and Congress will need to act to authorize further borrowing by the middle of next year. Representative Steve Scalise, the No 2 House Republican, said lawmakers had been in touch with Trump but did not say whether he supported the new plan. Sources said the White House has alerted government agencies to prepare for an imminent shutdown. The federal government last shut down for 35 days during Trump's first White House term over a dispute about border security. Previous fights over the debt ceiling have spooked financial markets, as a US government default would send credit shocks around the world. The limit has been suspended under an agreement that technically expires on January 1, though lawmakers likely would not have had to tackle the issue before the spring.
‘Living in a home that damages health the norm for far too many older people’Fishburn leads at Sea Island as Dahmen keeps hope alive to keep job
AAP FACTCHECK – A list of patent numbers is being shared on social media as supposed evidence that various diseases such as AIDS, Ebola and mad cow disease were initially created by humans. But this is false. Some of the patents listed don’t exist, while others are for a potential cure or vaccine, or for altered versions or the genomic sequence of a pathogen. But this does not mean the virus or disease was created by humans. The claim appears in a Facebook post featuring a list of viruses and diseases alongside corresponding patent numbers. “You cannot patent anything that occurs naturally – so it has to be ‘altered’ if you get the drift...” the caption reads. Another Facebook post includes a similar list, with text reading: “Hint: Natural products cannot be patented: only man-made products. They are developed in a lab.” Patents are a type of intellectual property designed to protect new inventions including devices, substances, methods or processes. Biological material in its natural state, i.e. that hasn’t been isolated, modified or recombined, is not eligible for patent protection, but a patent can be granted if this has occurred, which is typical for research and vaccine development . The first patent number in the social media posts is 5676977 , listed next to AIDS – the acquired immunodeficiency syndrome caused by human immunodeficiency virus (HIV). This application is not a patent for either AIDS or HIV, but for “tetrasilver tetroxide molecular crystal devices”, which the inventors hoped could offer a treatment for the disease. The application was filed in 1996 but has since expired. Patent number 8835624 corresponds to the H1N1 virus, which causes swine flu. This application is not for the virus itself but for an aptamer – a strand of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) that can bind to certain molecules on the surface of a pathogen. The inventors hoped it would be effective in the detection of H1N1. Patent 20120251502 is a patent filed by the US Centers for Disease Control and Prevention (CDC) in 2009 that covers the composition of EboBun, a strain of the Ebola virus. It is not the original virus, but a strain that was identified and isolated from a patient in Uganda and protected to ensure further research, vaccine development and testing could occur. The patent has since been abandoned. Patent CA2741523A1 also relates to EboBun, not swine flu as described in the post. It was filed by the CDC to the Canadian Intellectual Property Office and covers an isolated version of the virus. The post claims patent number 0070031450A1 is for bovine spongiform encephalopathy (BSE), which is a neurodegenerative condition in cows commonly known as mad cow disease. There is no patent matching this number, but there is an abandoned application for an animal vaccine formulation under a number with one digit difference – 20070031450A1 . Similarly, ATTC VR-84 in the post, listed to correspond with Zika virus, is not a patent number. ATTC may be a misspelling of the ATCC – the American Type Culture Collection – which collects and stores microbiological specimens. VR-84 is the name of a Zika virus strain listed on the ATCC’s website. The post lists two patent numbers for SARS (severe acute respiratory syndrome). Patent application 7897744 was filed by the Public Health Agency of Canada in 2004 and covers the genomic sequences of SARS for the purpose of diagnosis and treatment. Number 8506968 is an expired patent for a vaccine composition and included modified viral particles. The final patent listed is 10130701 , which relates to a weakened version of a coronavirus that could be used for the development of an animal vaccine. Coronavirus is an umbrella term for a large number of viruses that cause illness in humans and animals. Reuters reported that the patent, filed by the Pirbright Institute in 2015 – a British research institute dedicated to the study of infectious diseases of farm animals – is for a bronchitis virus affecting birds and is not related to SARS-CoV-2, the virus that causes COVID-19. Reuters and Full Fact have also debunked the claim. All information, text and images included on the AAP Websites is for personal use only and may not be re-written, copied, re-sold or re-distributed, framed, linked, shared onto social media or otherwise used whether for compensation of any kind or not, unless you have the prior written permission of AAP. For more information, please refer to our standard terms and conditions .
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MIAMI , Dec. 20, 2024 /PRNewswire/ -- Hyatt Centric South Beach Miami is proud to announce the completion of its highly anticipated renovations, redefining luxury and sophistication in the heart of South Beach at 1600 Collins Ave, Miami Beach, FL 33139. Designed by Lang & Schwander to embody the vibrant energy and upscale charm of Miami , the updates include newly reimagined rooms and suites, check-in lobby, inclusivity spaces, from food and beverage and communal lounge areas that celebrate the hotel's commitment to connecting guests to the pulse of the city. Elevated Rooms and Suites The newly renovated 105 guest rooms and suites blend modern design with thoughtful functionality. Each space is adorned with sleek furnishings, neutral tones, and vibrant accents inspired by Miami's art scene. Enhanced amenities include plush bedding, state-of-the-art technology, and expansive windows offering stunning views of South Beach's iconic skyline and coastline. Enhanced Check-In Lobby and Inclusivity Spaces Guests are greeted with an upgraded check-in lobby on the third floor that exudes warmth and style. Featuring contemporary decor and comfortable seating, the space serves as an inviting prelude to their South Beach experience. Communal areas have also been reimagined to foster connection, offering vibrant social spaces. From a chic full bar serving classic and unique cocktails, to indoor communal lounge area to serene outdoor terraces, Hyatt Centric South Beach Miami provides the perfect setting to connect and recharge with fellow travelers. Unparalleled Amenities Hyatt Centric South Beach Miami continues to deliver exceptional amenities that cater to modern travelers. Guests can enjoy: "Hyatt Centric South Beach Miami has always been envisioned as a destination where the vibrant spirit of South Beach meets unparalleled hospitality. Our recent renovations mark the next chapter in our dedication to elevating guest experiences and showcasing the beauty and culture of Miami Beach ," said Robert Finvarb , Founder of Robert Finvarb Companies. Hyatt Centric South Beach Miami serves as the ultimate launchpad for adventure, offering guests access to the city's finest attractions, including Ocean Drive, Lincoln Road Mall, and the Art Deco Historic District. About Hyatt Centric Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations. Created to connect guests to the heart of the action, Hyatt Centric hotels are thoughtfully designed to enable exploration and discovery so they never miss a moment of adventure. Each hotel offers social spaces to connect with others in the lobby, meanwhile the bar and restaurant are local hot spots where great conversations, locally inspired food and signature cocktails can be enjoyed. Streamlined modern rooms focus on delivering everything guests want and nothing they don't. A passionately engaged team is there to provide local expertise on the best food, nightlife and activities the destination has to offer. For more information, please visit hyattcentric.com . Follow @HyattCentric on Facebook and Instagram , and tag photos with #HyattCentric. About Robert Finvarb Companies Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations. Created to connect guests to the heart of the action, Hyatt Centric hotels are thoughtfully designed to enable exploration and discovery so they never miss a moment of adventure. Each hotel offers social spaces to connect with others in the lobby, meanwhile the bar and restaurant are local hot spots where great conversations, locally inspired food and signature cocktails can be enjoyed. Streamlined modern rooms focus on delivering everything guests want and nothing they don't. A passionately engaged team is there to provide local expertise on the best food, nightlife and activities the destination has to offer. For more information, please visit hyattcentric.com . Follow @HyattCentric on Facebook and Instagram , and tag photos with #HyattCentric. About Robert Finvarb Companies Robert Finvarb Companies (RFC) is a private real estate investment and development company based in Miami, Florida . Robert Finvarb , founder of the company, started his development career in 2002. Since then, RFC has developed nineteen hotels containing an excess of 3,500 guestrooms that operate under various Marriott and Hyatt brands and are located in seven states and the District of Columbia . RFC has a reputation for developing high-quality assets and possesses a track record of success in all market cycles. As a private company, the principals invest their own equity in all projects and are personally involved in all phases of development and operations. For more than 20 years, RFC has carefully cultivated its reputation of excellence in the hospitality industry. RFC's team of development and lodging specialists have a wide-ranging expertise in real estate and capital markets that is applied in identifying accretive investment opportunities to maximize the financial performance of such projects. CONTACT: Jacqueline Mercado Hyatt Hotels Corporation + 1 786 578 6886 jacqueline@identitymediapr.com View original content to download multimedia: https://www.prnewswire.com/news-releases/new-year-new-look-hyatt-centric-south-beach-miami-debuts-elevated-style-and-luxury-302337669.html SOURCE Hyatt Centric South Beach Miami
Shay Ciezki scores 34, leads Indiana women to victory over No. 18 Baylor at Battle 4 Atlantis