In Brief: Cincinnati's Provident Unveils 3-for-2 Split

Provident Bancorp has announced a 3-for-2 stock split payable Dec. 19 to shareholders through the close of business Dec. 12.

Provident's board of directors also approved an increase in the annual dividend rate on its common shares to 96 cents per share from 84 cents on a presplit basis.

The increased dividend will be paid beginning with Provident's February 1997 regular quarterly dividend.

Provident Bancorp is a $6.5 billion-asset Cincinnati financial institution.

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