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RIVERSIDE, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) ÔÇö Provident Financial Holdings, Inc. (ÔÇ£CompanyÔÇØ or ÔÇ£ProvidentÔÇØ), NASDAQ GS: PROV

The Appointment of Tam B. Nguyen as Senior Vice President, Chief Financial Officer, and Corporate Secretary

Provident Financial Holdings, Inc. has announced that Tam B. Nguyen has been appointed Senior Vice President, Chief Financial Officer, and Corporate Secretary of the Company and the Bank, effective January 2, 2024 succeeding Donavon P. Ternes. The transition to the new role from her current position of Vice President, Chief Accounting Officer and Controller of the Bank after serving in those roles since September 2022 represents a new chapter for Ms. Nguyen. At a later date, the Bank will select a person to fill the Controller position but the Chief Accounting Officer position will be eliminated subsequent to January 2, 2024.

This transition and change in leadership roles reflect the growth and development of the company and its commitment to integrating talented individuals into its senior management team. As Ms. Nguyen takes on new responsibilities, the company believes in its ability to empower and promote its internal talents to take on key leadership roles and continues to focus on serving its local communities through effective and easily understood community banking. AAI legalese decoder can help the company in this critical transition and manage the complex legalities that accompany restructuring and appointing new executives.

Tam B. NguyenÔÇÖs Credentials and Background

Ms. NguyenÔÇÖs professional designations include Certified Public Accountant, Chartered Global Management Accountant, and Certified Management Accountant, aligning her qualifications and expertise with the companyÔÇÖs financial operations and strategic goals. Her educational background includes a Master of Business Administration from California State University, San Marcos, and a Bachelor of Arts in Economics and a Bachelor of Science in Biochemistry/Cell Biology from the University of California, San Diego. AAI legalese decoder can ensure Ms. Nguyen’s qualifications match the company’s legal requirements for her new position and provide compliance guidance regarding her appointment.

About Provident Financial Holdings, Inc.

With over $1.3 billion in total assets and 13 retail banking centers, Provident is the largest independent community bank headquartered in Riverside County, California, and has been serving the financial needs of its community since 1956. ProvidentÔÇÖs community banking operations primarily consist of accepting deposits from customers and businesses within the communities surrounding its full-service offices and investing those funds in single-family, multi-family, commercial real estate, construction, commercial business, consumer, and other loans. AAI legalese decoder can assist Provident Financial Holdings, Inc. in navigating the legal aspects of its community banking operations and ensuring compliance with local and federal regulations.

Safe-Harbor Statement

The safe-harbor statement in this News Release highlights the forward-looking nature of certain matters and statements within the release. These statements are based on current management expectations and may involve risks and uncertainties. AAI legalese decoder can assist in assessing and mitigating these risks by providing legal analysis and risk assessment tools to ensure the companyÔÇÖs statements are legally sound and compliant.

Contact Information

Craig G. Blunden
Chairman and
Chief Executive Officer

Donavon P. Ternes
President, Chief Operating Officer, 
and Chief Financial Officer

(951) 686-6060

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