Provident Bank’s Community Partnership Program Donates Over $892,000 to Local Non-Profit Organizations Since 2006

Rhea-AI Summary

Provident Bank's Community Partnership Program has donated over $892,000 to local non-profit organizations since 2006. In 2023 alone, over $49,000 was donated to various groups in Riverside and San Bernardino Counties, emphasizing the importance of giving back to the community. The Program allows non-profits linked to Provident Bank to receive annual donations by connecting their members' accounts, empowering customers to contribute to charitable campaigns. With approximately $1.3 billion in assets, Provident Bank remains committed to supporting local organizations and improving the quality of life in the communities it serves.

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• Provident Bank's Community Partnership Program has donated over $892,000 to local non-profits since 2006, demonstrating a strong commitment to community support.

• In 2023, over $49,000 was donated to local organizations in Riverside and San Bernardino Counties, highlighting the ongoing contributions to improving community welfare.

• The Program enables non-profit organizations linked to Provident Bank to receive annual donations by connecting their members' accounts, fostering community engagement and support.

• With approximately $1.3 billion in total assets, Provident Bank remains the largest independent community bank in Riverside County, emphasizing its strong financial position and commitment to local communities.

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RIVERSIDE, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc., NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Provident Bank”) has donated over $892,000 to local non-profits with their Community Partnership Program (“Program”) since the Program’s inception in 2006. For the year ending 2023, Provident Bank donated more than $49,000 to local non-profit organizations such as service groups, parent teacher associations, homeowner’s associations, booster clubs, foundations, church groups and societies, among others in Riverside and San Bernardino Counties.

“The Bank realizes the importance of giving bank to local, non-profit organizations that improve the quality of life in the communities we serve. By empowering our customers to help direct the Bank’s charitable campaigns, we assist in fulfilling the goals of these admirable organizations,” stated Gwen Wertz, Senior Vice President of Retail Banking.

Provident Bank’s Community Partnership Program allows participating non-profit organizations to receive annual donations by simply linking their unique ID number to their members who are customers of Provident Bank. Organizations can earn more as more of their members link their accounts to their unique ID. Of course, some restrictions apply and interested groups are encouraged to contact Provident Bank for more information about the Program. You can reach Provident Bank at (800) 745-2217 to ask about the Community Partnership Program or by visiting www.myprovident.com.

With approximately $1.3 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.

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, 2023.

Contacts:

Donavon P. Ternes
President and
Chief Executive Officer

Tam B. Nguyen
Senior Vice President and
Chief Financial Officer

(951) 686-6060

FAQ

How much has Provident Bank donated to local non-profits since 2006?

Provident Bank has donated over $892,000 to local non-profit organizations since 2006.

What is the purpose of Provident Bank's Community Partnership Program?

The purpose of the Program is to support local non-profit organizations by allowing them to receive annual donations through their members' accounts at Provident Bank.

How can non-profit organizations participate in Provident Bank's Community Partnership Program?

Non-profit organizations can participate by linking their unique ID number to their members who are customers of Provident Bank, enabling them to receive donations.

How can interested groups learn more about Provident Bank's Community Partnership Program?

Interested groups can contact Provident Bank at (800) 745-2217 or visit www.myprovident.com for more information about the Program.