Provident Bank’s Community Partnership Program Donates Over $931,000 to Local Non-Profits Since 2006

Rhea-AI Summary

Provident Financial Holdings (NASDAQ: PROV), parent company of Provident Bank, announced its Community Partnership Program has contributed over $931,000 to local non-profits since 2006. In 2024, the bank donated more than $39,000 to various organizations in Riverside and San Bernardino Counties.

The Program enables non-profit organizations to receive annual donations by linking their unique ID number to Provident Bank customer accounts. Organizations can increase their earnings as more members link their accounts. Provident Bank, with approximately $1.3 billion in total assets, is the largest independent community bank headquartered in Riverside County, California.

Positive

• Strong community engagement demonstrated through consistent charitable giving program
• Substantial total assets of $1.3 billion
• Position as largest independent community bank in Riverside County

Negative

• None.

News Market Reaction

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On the day this news was published, PROV declined 0.42%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

RIVERSIDE, Calif., April 15, 2025 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc., NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Provident Bank”) has donated over $931,000 to local non-profits with their Community Partnership Program (“Program”) since the Program’s inception in 2006. For the calendar year 2024, Provident Bank donated more than $39,000 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 back 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, 2024.

Contacts:

Donavon P. Ternes
President and Chief Executive Officer

Haryanto “Lee” Sunarto
Interim Chief Financial Officer

(951) 686-6060

FAQ

How much has Provident Bank (PROV) donated through its Community Partnership Program since 2006?

Provident Bank has donated over $931,000 to local non-profits through its Community Partnership Program since its inception in 2006.

What was PROV's donation amount through the Community Partnership Program in 2024?

In 2024, Provident Bank donated more than $39,000 to local non-profit organizations in Riverside and San Bernardino Counties.

How does Provident Bank's (PROV) Community Partnership Program work?

Non-profit organizations receive annual donations by linking their unique ID number to Provident Bank customer accounts, with potential for increased earnings as more members link their accounts.

What is Provident Bank's (PROV) current total asset value?

Provident Bank currently holds approximately $1.3 billion in total assets.