The Provident Traveled to Washington DC to Discuss International Finance and Reinforce Commitment to Partners

(AMESBURY, MA., April 24, 2018) – The Provident Bank values its partnerships with the Export-Import Bank of the United States (EXIM Bank) and the Small Business Administration (SBA). Attending the SBA’s 11th Annual SBA Export Lenders’ Roundtable and EXIM Bank’s Annual Conference, along with the Bretton Woods Committee Annual Meeting, enabled the bank to collaborate about new international financing services.

“Partnering with EXIM Bank and the SBA enables The Provident to offer solutions to small and medium-sized businesses interested in exporting their services overseas,” explains Chuck Withee. “Through these partnerships, we are able to look at each customer’s individual needs, find a solution that will help them grow through exporting, and guide them through the entire process. It is a valuable relationship from which our customers can benefit.”

The April 18th SBA Roundtable brought together the trade and export finance community for a day of discussion and networking with SBA’s leaders and international lenders. It incorporated a substantive and interactive exchange among participants regarding financing techniques, innovations in the industry, and best practices.

Chuck Withee was also invited to attend the Bretton Woods Committee Annual Meeting on April 18th. The Bretton Woods Committee is a nonpartisan network of prominent global citizens, which works to demonstrate the value of international economic cooperation and to foster strong, effective Bretton Woods institutions as forces for global well-being. Committee members are leaders at the top of the business, finance, academic, and non-profit sectors, including many industry CEOs, as well as former presidents, cabinet-level officials, and lawmakers who share the belief that international economic cooperation is essential.

On April 19th and 20th, EXIM Bank’s Annual Conference featured distinguished speakers in business, economic policy, media and government, including Wilbur Ross, Secretary of Commerce, as they discussed their thoughts on the U.S. and world economies and the changing landscape of the global marketplace.

"The EXIM Bank Conference was very helpful,” says Leanne Spees. “We met government officials and exporters to discuss innovative financing programs to expand U.S. exports. The conference tag line 'Exports Create Jobs' says it all. 95% of the world's consumers live outside the U.S., creating tremendous potential for local businesses to grow revenues through exports. When we help to finance revenue growth, we help companies create jobs, strengthening our local communities."

In 2017 The Provident Bank received the SBA 7(a) Leading Lender in Total Dollars Award in NH from the SBA for the fourth consecutive year, and the Community Lender of the Year Award from EXIM Bank.

About The Provident

The Provident Bank, a subsidiary of Provident Bancorp, Inc., is an innovative, commercial bank that finds solutions for our business and private clients. We are committed to strengthening the economic development of the regions we serve, by working closely with businesses and private clients and delivering superior products and high-touch services to meet their banking needs. The Provident has offices in Massachusetts and New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).

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