Provident Bank Celebrates 10th Year of Community Partnership Program - Donating Over $480,000 to Local Non-Profit Organizations Participating in the Program

RIVERSIDE, Calif., April 13, 2017 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc., (NASDAQ:PROV), the holding company for Provident Savings Bank, F.S.B. (“the Bank”), today announced that the Bank is celebrating their 10th year of giving back to the local communities they serve with their Community Partnership Program (“Program”). In 2017, the Bank donated more than $80,000 to local non-profit organizations in Riverside and San Bernardino Counties. Since its inception in 2006, the Community Partnership Program has contributed more than $480,000 to various non-profit organizations such as service groups, parent-teacher associations, homeowner’s associations, church groups, booster clubs, foundations and societies, among others.

“The Bank realizes the importance of giving back to groups and organizations in our local communities that continue to improve our quality of life,” stated Gwen Wertz, Senior Vice President of Retail Banking. Ms. Wertz added, “We are pleased that this Program helps those that help others. Through the Bank’s Community Partnership Program, participating non-profits can receive donations simply by having their members bank with Provident Bank. We encourage interested groups to contact us for more information about the Program.”

With approximately $1.2 billion in total assets, Provident Bank is the largest independent community bank headquartered in Riverside County, California, 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 www.myprovident.com, some restrictions apply.

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, 2016.

Contacts: Craig G. Blunden Chairman and Chief Executive Officer Donavon P. Ternes President, Chief Operating Officer, and Chief Financial Officer (951) 686-6060

Source:Provident Financial Holdings, Inc.