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M&A Deal Summary

Needham Bank Acquires BankProv

On June 5, 2025, Needham Bank acquired financial services company BankProv for 212M USD

Acquisition Highlights
  • This is Needham Bank’s 1st transaction in the Financial Services sector.
  • This is Needham Bank’s largest (disclosed) transaction.
  • This is Needham Bank’s 1st transaction in the United States.
  • This is Needham Bank’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2025-06-05
Target BankProv
Sector Financial Services
Buyer(s) Needham Bank
Deal Type Merger
Deal Value 212M USD
Advisor(s) Piper Sandler & Co. (Financial)

Target

BankProv

Amesbury, Massachusetts, United States
BankProv is a full-service commercial bank headquartered in Massachusetts. With retail branches in the North Shore of Massachusetts and in southern New Hampshire, commercial banking offices in the Manchester/Concord market in Central New Hampshire and a loan office located in Ponte Vedra Beach, Florida, it delivers a unique combination of traditional banking services and innovative financial solutions to its markets. BankProv is based in Amesbury, Massachusetts.

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Buyer(S) 1

Buyer

Needham Bank

Needham, Massachusetts, United States
Category Company
Sector Financial Services
Revenue 173M USD (2024)
DESCRIPTION

Needham Bank offers financial services to individuals, businesses, and nonprofits to help them build for their futures. It offers an array of tech-forward products and services that businesses and consumers use to manage their financial needs. Needham Bank is based in Needham, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
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