<html>
  <head>
    <title></title>
    <!-- Licensed to: Luse Gorman
         Document created using EDGARfilings PROfile 7.0.1.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; font-weight: bold;">Registration No. 333-_________</div>
    <div style="text-align: right; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">As filed with the Securities and Exchange Commission on November 23, 2020</div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">UNITED STATES</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION<br>
      </font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">Washington, D.C.&#160; 20549</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;"></font>_________________________</div>
    <div style="text-align: center; font-size: 12pt;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">REGISTRATION STATEMENT</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNDER</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">THE SECURITIES ACT OF 1933</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Provident Bancorp, Inc.</div>
    <div style="text-align: center; font-size: 8pt;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z53705af96d3e4f4a8538f87d75b41af7">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Maryland</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">84-4132422</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-size: 8pt;">(State or Other Jurisdiction of</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-size: 8pt;">(I.R.S. Employer Identification No.)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-size: 8pt;">Incorporation or Organization)</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">5 Market Street</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">Amesbury, Massachusetts 01913</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;"></font><font style="font-size: 8pt;">(Address of Principal Executive Offices)</font><font style="font-weight: bold;"></font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">Provident Bancorp, Inc. 2020 Equity Incentive Plan</font></div>
    <div style="text-align: center;"><font style="font-size: 8pt;">(Full Title of the Plan)</font></div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center;">Copies to:</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z4cfd87c392a3439288af76804787e5d5">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Mr. David P. Mansfield</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Edward A. Quint, Esquire</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">President and Chief Executive Officer</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Thomas P. Hutton, Esquire</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Provident Bancorp, Inc.</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Luse Gorman, PC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">5 Market Street</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">5335 Wisconsin Ave., N.W., Suite 780</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Amesbury, Massachusetts 01913</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Washington, DC 20015-2035</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">(978) 388-0050</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">(202) 274-2000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">(Name, Address and Telephone</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;">Number of Agent for Service)</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of &#8220;large
      accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;):</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zaf5c68ca3b0d4dc0b02778e24d22bef4">

        <tr>
          <td style="width: 66.66%; vertical-align: top;">
            <div>Large accelerated filer &#9723;</div>
          </td>
          <td style="width: 33.34%; vertical-align: top;">
            <div>Accelerated filer &#8999;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 66.66%; vertical-align: top;">
            <div>Non-accelerated filer&#160; &#9723;</div>
          </td>
          <td style="width: 33.34%; vertical-align: top;">
            <div>Smaller reporting company &#8999;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 66.66%; vertical-align: top;">
            <div>Emerging growth company &#8999;</div>
          </td>
          <td style="width: 33.34%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 7(a)(2)(B) of the Securities Act. &#9723;</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">CALCULATION OF REGISTRATION FEE</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zdeca0d9572f645a5bd987649aeb97040">

        <tr>
          <td style="width: 19.81%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Title of Securities to be Registered</div>
          </td>
          <td style="width: 16.04%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Amount to be Registered <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td style="width: 24.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Proposed Maximum Offering Price Per Share</div>
          </td>
          <td style="width: 23.58%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Proposed Maximum Aggregate Offering Price</div>
          </td>
          <td style="width: 16.04%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Amount of Registration Fee</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.81%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div>Common stock, par value $0.01 per share</div>
          </td>
          <td style="width: 16.04%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">1,429,734</div>
          </td>
          <td style="width: 24.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">9.76<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td style="width: 23.58%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$13,954,204</div>
          </td>
          <td style="width: 16.04%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$1,523</div>
          </td>
        </tr>

    </table>
    <div>_______________________</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z978c2862007e401a993c0fe0672a5fa8">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">(1)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Represents the maximum number of shares of the registrant&#8217;s common stock, par value $0.01 (&#8220;Common Stock&#8221;), reserved for issuance under the Provident Bancorp, Inc. 2020 Equity Incentive Plan (the &#8220;Incentive Plan&#8221;).&#160; Pursuant to Rule 416
              under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), this registration statement also covers additional shares that may become issuable under the Equity Incentive Plan by reason of certain corporate transactions or events,
              including any stock split, stock dividend or similar adjustment of the outstanding Common Stock of Provident Bancorp, Inc. (the &#8220;Company&#8221;) pursuant to 17 C.F.R. Section&#160;230.416(a).</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc55c5dea10584f1ead76cb594e1b6f64">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">(2)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Determined pursuant to 17 C.F.R. Section 230.457(h)(1) of the Securities Act.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">____________________</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">This Registration Statement shall become effective upon filing in accordance with Section 8(a) of the Securities Act and 17 C.F.R. &#167; 230.462 under the Securities Act.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-weight: bold;">PART I.</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font style="font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></div>
    <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-weight: bold;">Items 1 and 2.</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font style="font-weight: bold;">Plan Information; and Registrant Information and Employee Plan Annual
        Information</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The documents containing the information specified in Part I of Form S-8 have been or will be sent or given to participants in the Plan as specified by Rule 428(b)(1) promulgated
      by the Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Such documents are not being filed with the Commission, but constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of
      Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.</div>
    <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-weight: bold;">PART II.</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font style="font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></div>
    <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-weight: bold;">Item 3.</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font style="font-weight: bold;">Incorporation of Documents by
        Reference</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The following documents previously or concurrently filed with the Commission are hereby incorporated by reference in this Registration Statement:</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(a)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The Company&#8217;s Annual Report on Form 10-K for the year ended
      December 31, 2019 (File No. 001-39090), filed with the Commission on March 13, 2020 pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;);</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(b)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>All other reports filed by the Company pursuant to Section
      13(a) or 15(d) of the Exchange Act since the end of the year covered by the Annual Report on Form 10-K referred to in (a) above; and</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(c)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The description of the Company&#8217;s common stock contained in the
      Registration Statement on Form 8-A filed with the Commission on October 16, 2019 to register the Company's common stock under the Exchange Act (Commission File No. 001-39090).</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the date hereof, and prior to the
      filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a
      part thereof from the date of the filing of such documents.&#160; Any statement contained in the documents incorporated, or deemed to be incorporated, by reference herein or therein shall be deemed to be modified or superseded for purposes of this
      Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein or therein modifies or supersedes
      such statement.&#160; Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement and the prospectus.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">All information appearing in this Registration Statement and the prospectus is qualified in its entirety by the detailed information, including financial statements, appearing in
      the documents incorporated herein or therein by reference.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 4.&#160; Description of Securities</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Not applicable.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 5.&#160; Interests of Named Experts and Counsel</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">None.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 6.&#160; Indemnification of Directors and Officers</div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; text-indent: 36pt;">Articles 10 and 11 of the Articles of Incorporation of Provident Bancorp, Inc. (the &#8220;Corporation&#8221;) set forth the circumstances under which directors, officers, employees and agents of the
        Corporation may be insured or indemnified against liability which they may occur in their capacity as such:</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
    </div>
    <div style="text-indent: 36pt; font-weight: bold;">ARTICLE&#160;10.&#160; Indemnification, etc. of Directors and Officers.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">A.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-weight: bold;">Indemnification.&#160; </font>The Corporation shall indemnify (1) its current and former directors and officers, whether serving the Corporation or at its request any other entity, to the fullest extent required or permitted
      by the Maryland General Corporation Law (&#8220;MGCL&#8221;) now or hereafter in force, including the advancement of expenses under the procedures and to the fullest extent permitted by law, and (2)&#160;other employees and agents to such extent as shall be
      authorized by the Board of Directors and permitted by law; provided, however, that, except as provided in Section&#160;B of this Article 10 with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any such
      indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">B.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-weight: bold;">Procedure.&#160; </font>If a claim under Section&#160;A of this Article&#160;10 is not paid in full by the Corporation within sixty (60) days after a written claim has been received by the Corporation, except in the case of a claim for
      an advancement of expenses, in which case the applicable period shall be twenty (20) days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim.&#160; If successful in whole or in part in
      any such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall also be entitled to be reimbursed the expense of prosecuting or defending such suit.&#160; It shall
      be a defense to any action for advancement of expenses that the Corporation has not received both (i) an undertaking as required by law to repay such advances in the event it shall ultimately be determined that the standard of conduct has not been
      met and (ii)&#160;a written affirmation by the indemnitee of his good faith belief that the standard of conduct necessary for indemnification by the Corporation has been met.&#160; In (i) any suit brought by the indemnitee to enforce a right to indemnification
      hereunder (but not in a suit brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense that, and (ii)&#160;any suit by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking
      the Corporation shall be entitled to recover such expenses upon a final adjudication that, the indemnitee has not met the applicable standard for indemnification set forth in the MGCL.&#160; Neither the failure of the Corporation (including its Board of
      Directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such suit that indemnification of the indemnitee is proper in the circumstances because the indemnitee has met the applicable
      standard of conduct set forth in the MGCL, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) that the indemnitee has not met such applicable standard of conduct, shall
      create a presumption that the indemnitee has not met the applicable standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such suit.&#160; In any suit brought by the indemnitee to enforce a right to indemnification
      or to an advancement of expenses hereunder, or by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to be indemnified, or to such advancement of
      expenses, under this Article&#160;10 or otherwise shall be on the Corporation.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">C.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-weight: bold;">Non-Exclusivity.&#160; </font>The rights to indemnification and to the advancement of expenses conferred in this Article&#160;10 shall not be exclusive of any other right that any Person may have or hereafter acquire under any
      statute, these Articles, the Corporation&#8217;s Bylaws, any agreement, any vote of stockholders or the Board of Directors, or otherwise.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">D.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-weight: bold;">Insurance.&#160; </font>The Corporation may maintain insurance, at its expense, to insure itself and any director, officer, employee or agent of the Corporation or another corporation, partnership, joint venture, trust or
      other enterprise against any expense, liability or loss, whether or not the Corporation would have the power to indemnify such Person against such expense, liability or loss under the MGCL.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">E.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-weight: bold;">Miscellaneous.&#160; </font>The Corporation shall not be liable for any payment under this Article&#160;10 in connection with a claim made by any indemnitee to the extent such indemnitee has otherwise actually received payment
      under any insurance policy, agreement, or otherwise, of the amounts otherwise indemnifiable hereunder.&#160; The rights to indemnification and to the advancement of expenses conferred in Sections&#160;A and B of this Article&#160;10 shall be contract rights and
      such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee&#8217;s heirs, executors and administrators.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">F.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-weight: bold;">Limitations Imposed by Federal Law. </font> Notwithstanding any other provision set forth in this Article 10, in no event shall any payments made by the Corporation pursuant to this Article 10 exceed the amount
      permissible under applicable federal law, including, without limitation, Section 18(k) of the Federal Deposit Insurance Act and the regulations promulgated thereunder.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Any repeal or modification of this Article&#160;10 shall not in any way diminish any rights to indemnification or advancement of expenses of such director or officer or the
      obligations of the Corporation arising hereunder with respect to events occurring, or claims made, while this Article&#160;10 is in force.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">ARTICLE&#160;11.&#160; Limitation of Liability.&#160; </font>An officer or director of the Corporation, as such, shall not be liable to the Corporation or its
      stockholders for money damages, except (A)&#160;to the extent that it is proved that the Person actually received an improper benefit or profit in money, property or services, for the amount of the benefit or profit in money, property or services actually
      received; or (B) to the extent that a judgment or other final adjudication adverse to the Person is entered in a proceeding based on a finding in the proceeding that the Person&#8217;s action, or failure to act, was the result of active and deliberate
      dishonesty and was material to the cause of action adjudicated in the proceeding; or (C)&#160;to the extent otherwise provided by the MGCL.&#160; If the MGCL is amended to further eliminate or limit the personal liability of officers and directors, then the
      liability of officers and directors of the Corporation shall be eliminated or limited to the fullest extent permitted by the MGCL, as so amended.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or protection of a director or officer of the
      Corporation existing at the time of such repeal or modification.</div>
    <div style="text-align: justify; font-weight: bold;">Item 7.&#160; Exemption From Registration Claimed.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Not applicable.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Item 8.&#160; List of Exhibits.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z106088a7af264bb594d9548e15b13b99">

        <tr>
          <td style="width: 19.85%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Regulation S-K</div>
            <div style="text-align: center;">Exhibit Number</div>
          </td>
          <td style="width: 5.22%; vertical-align: bottom;">&#160;</td>
          <td style="width: 39.72%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Document</div>
          </td>
          <td style="width: 5.22%; vertical-align: bottom;">&#160;</td>
          <td style="width: 29.98%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Reference to Prior Filing or</div>
            <div style="text-align: center;">Exhibit No. Attached Hereto</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="http://www.sec.gov/Archives/edgar/data/1778784/000114420419030291/tv523004_ex4.htm">4</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="http://www.sec.gov/Archives/edgar/data/1778784/000114420419030291/tv523004_ex4.htm">Form of Common Stock Certificate</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>*</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex5_s8nov2320.htm">5</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="ex5_s8nov2320.htm">Opinion of Luse Gorman, PC</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>Attached as Exhibit 5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="http://www.sec.gov/Archives/edgar/data/1778784/000177878420000022/0001778784-20-000022-index.htm">10.1</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="http://www.sec.gov/Archives/edgar/data/1778784/000177878420000022/0001778784-20-000022-index.htm">Provident Bancorp, Inc. 2020 Equity Incentive Plan</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>**</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex10-2_s8nov2320.htm">10.2</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="ex10-2_s8nov2320.htm">Form of Incentive Stock Option Award Agreement</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>Attached as Exhibit 10.2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex10-3_s8nov2320.htm">10.3</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="ex10-3_s8nov2320.htm">Form of Non-Qualified Stock Options Award Agreement</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>Attached as Exhibit 10.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex10-4_s8nov2320.htm">10.4</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="ex10-4_s8nov2320.htm">Form of Restricted Stock Award Agreement</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>Attached as Exhibit 10.4</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex5_s8nov2320.htm">23.1</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="ex5_s8nov2320.htm">Consent of Luse Gorman, PC</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>Contained in Exhibit 5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="ex23-2_s8nov2320.htm">23.2</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="ex23-2_s8nov2320.htm">Consent of Independent Registered Public Accounting Firm</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>Attached as Exhibit 23.2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 39.72%; vertical-align: top;">&#160;</td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 19.85%; vertical-align: top;">
            <div style="text-align: center;"><a href="#POWEROFATTORNEY">24</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;"><br>
          </td>
          <td style="width: 39.72%; vertical-align: top;">
            <div><a href="#POWEROFATTORNEY">Power of Attorney</a></div>
          </td>
          <td style="width: 5.22%; vertical-align: top;">&#160;</td>
          <td style="width: 29.98%; vertical-align: top;">
            <div>Contained on Signature Page</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>_________________________</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z25fb93d8507e47568b07f58bad449cb5">

        <tr>
          <td style="width: 27pt; vertical-align: top; align: right;">*</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Incorporated by reference to Exhibit 4 to the Registration Statement on Form S-1 (File No. 333-232018) originally filed by the Company under the Securities Act of 1933 with the Commission on June 7, 2019, and all amendments or reports
              filed for the purpose of updating such description.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbcc5e4b7ef2e4d42b14ea3902f1c11f8">

        <tr>
          <td style="width: 27pt; vertical-align: top; align: right;">**</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Incorporated by reference to Appendix A to the proxy statement for the Special Meeting of Stockholders of Provident Bancorp, Inc. (File No. 001-39090), filed by the Company under the Exchange Act on October 19, 2020.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0ff85493d2ca47e2aaf74d183a914d63">

        <tr>
          <td style="width: 72pt; vertical-align: top; align: right; font-weight: bold;">Item 9.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Undertakings</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The undersigned registrant hereby undertakes:</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">1.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>To file, during any period in which offers or sales are being
      made, a post-effective amendment to the Registration Statement to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the
      Registration Statement;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">2.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>That, for the purpose of determining any liability under the
      Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-style: italic;">bona fide</font> offering thereof;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">3.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>To remove from registration by means of a post-effective
      amendment any of the securities being registered which remain unsold at the termination of the offering;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">4.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>That, for purposes of determining any liability under the
      Securities Act, each filing of the registrant&#8217;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the
      securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-style: italic;">bona fide</font> offering thereof;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">5.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>The undersigned registrant hereby undertakes that, for purposes
      of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report
      pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that
      time shall be deemed to be the initial bona fide offering thereof; and</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">6.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>Insofar as indemnification for liabilities arising under the
      Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against
      public policy as expressed in the Securities Act and is, therefore, unenforceable.&#160; In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer
      or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the
      opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be
      governed by the final adjudication of such issue.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">The Registrant.</font>&#160; Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to
      believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Amesbury, Commonwealth of
      Massachusetts, on this 23<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> day of November, 2020.</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zc4fc89b3f4874ab0bdd60ca3af37f527">

        <tr>
          <td style="width: 41.92%; vertical-align: top;">&#160;</td>
          <td style="width: 9.92%; vertical-align: top;">&#160;</td>
          <td style="width: 48.16%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;">PROVIDENT BANCORP, INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.92%; vertical-align: top;">&#160;</td>
          <td style="width: 9.92%; vertical-align: top;">&#160;</td>
          <td style="width: 48.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 41.92%; vertical-align: top;">&#160;</td>
          <td style="width: 9.92%; vertical-align: top;">&#160;</td>
          <td style="width: 48.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 41.92%; vertical-align: top;">&#160;</td>
          <td style="width: 9.92%; vertical-align: top;">
            <div style="text-align: right;">By:&#160;&#160; <br>
            </div>
          </td>
          <td style="width: 48.16%; vertical-align: top;"><u>&#160;/s/ David P. Mansfield</u><br>
          </td>
        </tr>
        <tr>
          <td style="width: 41.92%; vertical-align: top;">&#160;</td>
          <td style="width: 9.92%; vertical-align: top;">&#160;</td>
          <td style="width: 48.16%; vertical-align: top;">
            <div style="text-align: justify;">David P. Mansfield</div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.92%; vertical-align: top;">&#160;</td>
          <td style="width: 9.92%; vertical-align: top;">&#160;</td>
          <td style="width: 48.16%; vertical-align: top;">
            <div style="text-align: justify;">President and Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.92%; vertical-align: top;">&#160;</td>
          <td style="width: 9.92%; vertical-align: top;">&#160;</td>
          <td style="width: 48.16%; vertical-align: top;">
            <div style="text-align: justify;">(Duly Authorized Representative)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><a name="POWEROFATTORNEY"><!--Anchor--></a>POWER OF ATTORNEY</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">We, the undersigned directors and officers of Provident Bancorp, Inc. (the &#8220;Company&#8221;) hereby severally constitute and appoint David P. Mansfield, as our true and lawful attorney
      and agent, to do any and all things in our names in the capacities indicated below which said David P. Mansfield may deem necessary or advisable to enable the Company to comply with the Securities Act of 1933, as amended, and any rules, regulations
      and requirements of the Securities and Exchange Commission, in connection with the registration of shares of common stock to be granted and shares of common stock to be issued upon the exercise of stock options to be granted under the Provident
      Bancorp, Inc. 2020 Equity Incentive Plan, including specifically, but not limited to, power and authority to sign for us in our names in the capacities indicated below the registration statement and any and all amendments (including post-effective
      amendments) thereto; and we hereby approve, ratify and confirm all that said David P. Mansfield shall do or cause to be done by virtue thereof.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date
      indicated.</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="za3a49290038a42bfa173617c42568f23">

        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: 2px solid black;">
            <div>Signatures</div>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top; border-bottom: 2px solid black;">
            <div>Title</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top; border-bottom: 2px solid black;">
            <div>Date</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160; /s/ David P. Mansfield</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">
            <div>President, Chief Executive Officer</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>David P. Mansfield</div>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">
            <div>and Director</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">
            <div>(Principal Executive Officer)</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Carol L. Houle<br>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">
            <div>Executive Vice President and Chief</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Carol L. Houle</div>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">
            <div>Operating Officer (Principal Financial and Accounting Officer)</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Frank G. Cousins, Jr.<br>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Frank G. Cousins, Jr.</div>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ James A. DeLeo<br>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>James A. DeLeo</div>
          </td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z757932c527da41d68d3e158f7629b15d">

        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: 2px solid black;">
            <div>Signatures</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top; border-bottom: 2px solid black;">
            <div>Title</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top; border-bottom: 2px solid black;">
            <div>Date</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Lisa B. DeStefano<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Lisa B. DeStefano</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Jay E. Gould<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Jay E. Gould</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Laurie H. Knapp<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Laurie H. Knapp</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Barbara Piette<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Barbara Piette</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Joseph B. Reilly<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Joseph B. Reilly</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Arthur W Sullivan<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Arthur W. Sullivan</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;/s/ Charles F. Withee<br>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">
            <div>November 23, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">
            <div>Charles F. Withee</div>
          </td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 5.48%; vertical-align: top;">&#160;</td>
          <td style="width: 30.8%; vertical-align: top;">&#160;</td>
          <td style="width: 5.46%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <br>
  </div>
</body>
</html>
[{"type": "S-8", "sequence": "1", "filename": "s8_112320.htm", "description": "PROVIDENT BANCORP, INC. FORM S-8 NOVEMBER 23, 2020", "secsgml_size_bytes": 77288}]
{"company-data": {"conformed-name": "Provident Bancorp, Inc. /MD/", "cik": "0001778784", "assigned-sic": "6036", "irs-number": "000000000", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-250886", "film-number": "201336803"}, "business-address": {"street1": "5 MARKET STREET", "city": "AMESBURY", "state": "MA", "zip": "01913", "phone": "(978) 388-0050"}, "mail-address": {"street1": "5 MARKET STREET", "city": "AMESBURY", "state": "MA", "zip": "01913"}}
Registration No. 333-_________
As filed with the Securities and Exchange Commission on November 23, 2020
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
_________________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Provident Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)
Maryland
84-4132422
(State or Other Jurisdiction of
(I.R.S. Employer Identification No.)
Incorporation or Organization)
5 Market Street
Amesbury, Massachusetts 01913
(Address of Principal Executive Offices)
Provident Bancorp, Inc. 2020 Equity Incentive Plan
(Full Title of the Plan)
Copies to:
Mr. David P. Mansfield
Edward A. Quint, Esquire
President and Chief Executive Officer
Thomas P. Hutton, Esquire
Provident Bancorp, Inc.
Luse Gorman, PC
5 Market Street
5335 Wisconsin Ave., N.W., Suite 780
Amesbury, Massachusetts 01913
Washington, DC 20015-2035
(978) 388-0050
(202) 274-2000
(Name, Address and Telephone
Number of Agent for Service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large
      accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"):
Large accelerated filer ◻
Accelerated filer ⌧
Non-accelerated filer  ◻
Smaller reporting company ⌧
Emerging growth company ⌧
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 7(a)(2)(B) of the Securities Act. ◻
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be Registered
(1)
Proposed Maximum Offering Price Per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Common stock, par value $0.01 per share
1,429,734
9.76
(2)
$13,954,204
$1,523
_______________________
(1)
Represents the maximum number of shares of the registrant's common stock, par value $0.01 ("Common Stock"), reserved for issuance under the Provident Bancorp, Inc. 2020 Equity Incentive Plan (the "Incentive Plan").  Pursuant to Rule 416
              under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers additional shares that may become issuable under the Equity Incentive Plan by reason of certain corporate transactions or events,
              including any stock split, stock dividend or similar adjustment of the outstanding Common Stock of Provident Bancorp, Inc. (the "Company") pursuant to 17 C.F.R. Section 230.416(a).
(2)
Determined pursuant to 17 C.F.R. Section 230.457(h)(1) of the Securities Act.
____________________
This Registration Statement shall become effective upon filing in accordance with Section 8(a) of the Securities Act and 17 C.F.R. § 230.462 under the Securities Act.
PART I.
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Items 1 and 2.
Plan Information; and Registrant Information and Employee Plan Annual
        Information
The documents containing the information specified in Part I of Form S-8 have been or will be sent or given to participants in the Plan as specified by Rule 428(b)(1) promulgated
      by the Securities and Exchange Commission (the "Commission") under the Securities Act.
Such documents are not being filed with the Commission, but constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of
      Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II.
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by
        Reference
The following documents previously or concurrently filed with the Commission are hereby incorporated by reference in this Registration Statement:
(a)
The Company's Annual Report on Form 10-K for the year ended
      December 31, 2019 (File No. 001-39090), filed with the Commission on March 13, 2020 pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act");
(b)
All other reports filed by the Company pursuant to Section
      13(a) or 15(d) of the Exchange Act since the end of the year covered by the Annual Report on Form 10-K referred to in (a) above; and
(c)
The description of the Company's common stock contained in the
      Registration Statement on Form 8-A filed with the Commission on October 16, 2019 to register the Company's common stock under the Exchange Act (Commission File No. 001-39090).
All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the date hereof, and prior to the
      filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a
      part thereof from the date of the filing of such documents.  Any statement contained in the documents incorporated, or deemed to be incorporated, by reference herein or therein shall be deemed to be modified or superseded for purposes of this
      Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein or therein modifies or supersedes
      such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement and the prospectus.
All information appearing in this Registration Statement and the prospectus is qualified in its entirety by the detailed information, including financial statements, appearing in
      the documents incorporated herein or therein by reference.
Item 4.  Description of Securities
Not applicable.
Item 5.  Interests of Named Experts and Counsel
None.
Item 6.  Indemnification of Directors and Officers
Articles 10 and 11 of the Articles of Incorporation of Provident Bancorp, Inc. (the "Corporation") set forth the circumstances under which directors, officers, employees and agents of the
        Corporation may be insured or indemnified against liability which they may occur in their capacity as such:
ARTICLE 10.  Indemnification, etc. of Directors and Officers.
A.
Indemnification.
The Corporation shall indemnify (1) its current and former directors and officers, whether serving the Corporation or at its request any other entity, to the fullest extent required or permitted
      by the Maryland General Corporation Law ("MGCL") now or hereafter in force, including the advancement of expenses under the procedures and to the fullest extent permitted by law, and (2) other employees and agents to such extent as shall be
      authorized by the Board of Directors and permitted by law; provided, however, that, except as provided in Section B of this Article 10 with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any such
      indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.
B.
Procedure.
If a claim under Section A of this Article 10 is not paid in full by the Corporation within sixty (60) days after a written claim has been received by the Corporation, except in the case of a claim for
      an advancement of expenses, in which case the applicable period shall be twenty (20) days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim.  If successful in whole or in part in
      any such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall also be entitled to be reimbursed the expense of prosecuting or defending such suit.  It shall
      be a defense to any action for advancement of expenses that the Corporation has not received both (i) an undertaking as required by law to repay such advances in the event it shall ultimately be determined that the standard of conduct has not been
      met and (ii) a written affirmation by the indemnitee of his good faith belief that the standard of conduct necessary for indemnification by the Corporation has been met.  In (i) any suit brought by the indemnitee to enforce a right to indemnification
      hereunder (but not in a suit brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense that, and (ii) any suit by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking
      the Corporation shall be entitled to recover such expenses upon a final adjudication that, the indemnitee has not met the applicable standard for indemnification set forth in the MGCL.  Neither the failure of the Corporation (including its Board of
      Directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such suit that indemnification of the indemnitee is proper in the circumstances because the indemnitee has met the applicable
      standard of conduct set forth in the MGCL, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) that the indemnitee has not met such applicable standard of conduct, shall
      create a presumption that the indemnitee has not met the applicable standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such suit.  In any suit brought by the indemnitee to enforce a right to indemnification
      or to an advancement of expenses hereunder, or by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to be indemnified, or to such advancement of
      expenses, under this Article 10 or otherwise shall be on the Corporation.
C.
Non-Exclusivity.
The rights to indemnification and to the advancement of expenses conferred in this Article 10 shall not be exclusive of any other right that any Person may have or hereafter acquire under any
      statute, these Articles, the Corporation's Bylaws, any agreement, any vote of stockholders or the Board of Directors, or otherwise.
D.
Insurance.
The Corporation may maintain insurance, at its expense, to insure itself and any director, officer, employee or agent of the Corporation or another corporation, partnership, joint venture, trust or
      other enterprise against any expense, liability or loss, whether or not the Corporation would have the power to indemnify such Person against such expense, liability or loss under the MGCL.
E.
Miscellaneous.
The Corporation shall not be liable for any payment under this Article 10 in connection with a claim made by any indemnitee to the extent such indemnitee has otherwise actually received payment
      under any insurance policy, agreement, or otherwise, of the amounts otherwise indemnifiable hereunder.  The rights to indemnification and to the advancement of expenses conferred in Sections A and B of this Article 10 shall be contract rights and
      such rights shall continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee's heirs, executors and administrators.
F.
Limitations Imposed by Federal Law.
Notwithstanding any other provision set forth in this Article 10, in no event shall any payments made by the Corporation pursuant to this Article 10 exceed the amount
      permissible under applicable federal law, including, without limitation, Section 18(k) of the Federal Deposit Insurance Act and the regulations promulgated thereunder.
Any repeal or modification of this Article 10 shall not in any way diminish any rights to indemnification or advancement of expenses of such director or officer or the
      obligations of the Corporation arising hereunder with respect to events occurring, or claims made, while this Article 10 is in force.
ARTICLE 11.  Limitation of Liability.
An officer or director of the Corporation, as such, shall not be liable to the Corporation or its
      stockholders for money damages, except (A) to the extent that it is proved that the Person actually received an improper benefit or profit in money, property or services, for the amount of the benefit or profit in money, property or services actually
      received; or (B) to the extent that a judgment or other final adjudication adverse to the Person is entered in a proceeding based on a finding in the proceeding that the Person's action, or failure to act, was the result of active and deliberate
      dishonesty and was material to the cause of action adjudicated in the proceeding; or (C) to the extent otherwise provided by the MGCL.  If the MGCL is amended to further eliminate or limit the personal liability of officers and directors, then the
      liability of officers and directors of the Corporation shall be eliminated or limited to the fullest extent permitted by the MGCL, as so amended.
Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or protection of a director or officer of the
      Corporation existing at the time of such repeal or modification.
Item 7.  Exemption From Registration Claimed.
Not applicable.
Item 8.  List of Exhibits.
Regulation S-K
Exhibit Number
Document
Reference to Prior Filing or
Exhibit No. Attached Hereto
4
Form of Common Stock Certificate
*
5
Opinion of Luse Gorman, PC
Attached as Exhibit 5
10.1
Provident Bancorp, Inc. 2020 Equity Incentive Plan
**
10.2
Form of Incentive Stock Option Award Agreement
Attached as Exhibit 10.2
10.3
Form of Non-Qualified Stock Options Award Agreement
Attached as Exhibit 10.3
10.4
Form of Restricted Stock Award Agreement
Attached as Exhibit 10.4
23.1
Consent of Luse Gorman, PC
Contained in Exhibit 5
23.2
Consent of Independent Registered Public Accounting Firm
Attached as Exhibit 23.2
24
Power of Attorney
Contained on Signature Page
_________________________
*
Incorporated by reference to Exhibit 4 to the Registration Statement on Form S-1 (File No. 333-232018) originally filed by the Company under the Securities Act of 1933 with the Commission on June 7, 2019, and all amendments or reports
              filed for the purpose of updating such description.
**
Incorporated by reference to Appendix A to the proxy statement for the Special Meeting of Stockholders of Provident Bancorp, Inc. (File No. 001-39090), filed by the Company under the Exchange Act on October 19, 2020.
Item 9.
Undertakings
The undersigned registrant hereby undertakes:
1.
To file, during any period in which offers or sales are being
      made, a post-effective amendment to the Registration Statement to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the
      Registration Statement;
2.
That, for the purpose of determining any liability under the
      Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof;
3.
To remove from registration by means of a post-effective
      amendment any of the securities being registered which remain unsold at the termination of the offering;
4.
That, for purposes of determining any liability under the
      Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the
      securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof;
5.
The undersigned registrant hereby undertakes that, for purposes
      of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report
      pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that
      time shall be deemed to be the initial bona fide offering thereof; and
6.
Insofar as indemnification for liabilities arising under the
      Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against
      public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer
      or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the
      opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be
      governed by the final adjudication of such issue.
SIGNATURES
The Registrant.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to
      believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Amesbury, Commonwealth of
      Massachusetts, on this 23
rd
day of November, 2020.
PROVIDENT BANCORP, INC.
By:
/s/ David P. Mansfield
David P. Mansfield
President and Chief Executive Officer
(Duly Authorized Representative)
POWER OF ATTORNEY
We, the undersigned directors and officers of Provident Bancorp, Inc. (the "Company") hereby severally constitute and appoint David P. Mansfield, as our true and lawful attorney
      and agent, to do any and all things in our names in the capacities indicated below which said David P. Mansfield may deem necessary or advisable to enable the Company to comply with the Securities Act of 1933, as amended, and any rules, regulations
      and requirements of the Securities and Exchange Commission, in connection with the registration of shares of common stock to be granted and shares of common stock to be issued upon the exercise of stock options to be granted under the Provident
      Bancorp, Inc. 2020 Equity Incentive Plan, including specifically, but not limited to, power and authority to sign for us in our names in the capacities indicated below the registration statement and any and all amendments (including post-effective
      amendments) thereto; and we hereby approve, ratify and confirm all that said David P. Mansfield shall do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date
      indicated.
Signatures
Title
Date
/s/ David P. Mansfield
President, Chief Executive Officer
November 23, 2020
David P. Mansfield
and Director
(Principal Executive Officer)
/s/ Carol L. Houle
Executive Vice President and Chief
November 23, 2020
Carol L. Houle
Operating Officer (Principal Financial and Accounting Officer)
/s/ Frank G. Cousins, Jr.
Director
November 23, 2020
Frank G. Cousins, Jr.
/s/ James A. DeLeo
Director
November 23, 2020
James A. DeLeo
Signatures
Title
Date
/s/ Lisa B. DeStefano
Director
November 23, 2020
Lisa B. DeStefano
/s/ Jay E. Gould
Director
November 23, 2020
Jay E. Gould
/s/ Laurie H. Knapp
Director
November 23, 2020
Laurie H. Knapp
/s/ Barbara Piette
Director
November 23, 2020
Barbara Piette
/s/ Joseph B. Reilly
Director
November 23, 2020
Joseph B. Reilly
/s/ Arthur W Sullivan
Director
November 23, 2020
Arthur W. Sullivan
/s/ Charles F. Withee
Director
November 23, 2020
Charles F. Withee