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Provident Bank Gives Back to the Community: Donates Over a Half Million Dollars Through the Community Partnership Program

News Provided by GlobeNewswire2018-06-21

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RIVERSIDE, Calif., June 21, 2018 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc., (NASDAQ GS:PROV), the holding company for Provident Savings Bank, F.S.B.(“the Bank”), announced they have given back over a half million dollars to local non-profits through their Community Partnership Program (“Program”) since the Program’s inception in 2006. In 2017, Provident Bank donated more than $95,000 to local non-profit organizations in Riverside and San Bernardino Counties, bringing the 11 year total to more than $570,000 to various non-profit organizations such as service groups, parent-teacher associations, homeowner’s associations, booster clubs, faith-based groups, foundations and societies, among others.

“We are pleased this Program helps those who help others. We celebrate giving back to local non-profits in the communities we serve,” stated Gwen Wertz, Senior Vice President of Retail Banking.

Provident Bank’s Community Partnership Program allows participating non-profits to receive annual donations by simply linking their unique ID number to their members who bank with Provident Bank. Organizations can earn more as more members link their accounts to their unique ID. Interested non-profits are encouraged to contact us for more information about the Program as some restrictions apply.

With approximately $1.2 billion in total assets, Provident Bank is the largest independent community bank headquartered in Riverside County and has been serving the financial needs of its customers since 1956.

For more information about the Program, please contact Provident Bank at (800) 745-2217 and ask about the Community Partnership Program or visit myprovident.com.

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Safe-Harbor Statement

Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2017.