The Provident Bank of Amesbury has reported "strong earnings, record growth and continued community support and leadership" for fiscal 2009, bank president and CEO Charles R. Cullen said.

The Provident Bank ended fiscal year 2009 with total assets exceeding $495 million, a 9 percent increase from the same period in 2008. Earnings reflected a 19 percent gain over the prior year. Deposits increased by 19 percent, compared to fiscal year 2008, and loans increased by 8 percent, according to a statement.

Expanding its New Hampshire footprint in 2009, the bank opened a new branch in Exeter, secured a location in Hampton, which opened in February and purchased the site for a new full-service branch in the Exeter market, currently under construction.

"The bank had a terrific year in 2009 during a very difficult and challenging economic and regulatory environment," said Cullen. "Our financial performance speaks for itself, but I continue to be most proud of our Board and staff as we see the impact The Provident continues to have in the markets we serve through our philanthropy and exceptional volunteerism."