Provident sees collateral write-down leading to Q3 loss (NASDAQ:PVBC)
William_Potter Provident Bancorp (NASDAQ:PVBC) stock has dropped 3.5% in Tuesday after-hours trading after the bank said it’s likely to post a loss for the quarter ended Sept. 30 due to the writedown of collateral it repossessed from a crypto mining company. As of Sept. 30, the company entered an agreement under which it repossessed cryptocurrency … Read more