Sherin and Lodgen Represents The Provident Bank in the Financing of Hydroelectric Dam in Connecticut

Boston, MA, May 29, 2019  Boston law firm Sherin and Lodgen LLP announces that its Renewable Energy Practice Grouprepresented senior lender, The Provident Bank, in the financing to Canton Hydro LLC for the construction, rehabilitation, operation and maintenance of the Upper Collinsville Dam, a hydroelectric dam located on the Farmington River in Canton, Connecticut. The Sherin and Lodgen team was led by partner Carla M. Moynihan, and The Provident Bank team was spearheaded by Gabrielle Piasio, Vice President of Commercial Lending.

Sherin and Lodgen’s national Renewable Energy Practice Group represents lenders, developers, municipalities, and companies committed to sustainability through solar, wind, hydro, and energy storage initiatives. Clients rely on the group’s experience in financing, development, leasing, environmental, zoning, and permitting to navigate this ever-changing market and accomplish their business goals.

Moynihan is a partner in Sherin and Lodgen’s Real Estate Department. She represents institutions, developers, retailers, individual investors, hospitals, medical professionals, hotels, state agencies, municipalities, and lenders in all aspects of commercial real estate transactions, including negotiating and drafting letters of intent; term sheets for financing; purchase and sale agreements; land disposition agreements; development agreements; building and ground/air rights leases for multi-family, hotel, retail, office or industrial landlords or tenants; architectural and construction contracts; and CMBS/CRE loan documents.

The Upper Collinsville Dam was constructed in 1867 by The Collins Company to power its manufacturing facilities. After the Collins Company closed in 1966, the Upper and Lower Dams as well as structures on site were donated to the State of Connecticut. You can learn more about the project here.

About The Provident Bank

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

About Sherin and Lodgen LLP

Sherin and Lodgen is a mid-sized Boston law firm specializing in real estate, litigation, business law, and employment. With over 40 attorneys, the firm handles complex matters, while providing responsive, senior-level attention to every matter.  Known for its effective, efficient and focused representation, Sherin and Lodgen delivers sophisticated analysis and a high touch service by developing an in-depth understanding of clients' business goals, issues, concerns and emerging industry trends.

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