RIVERSIDE, Calif., May 1, 2008 (PRIME NEWSWIRE) -- Provident Savings Bank, FSB ("Bank"), a subsidiary of Provident Financial Holdings, Inc. ("Company"), (Nasdaq:PROV), today announced that ten non-profit organizations located throughout Riverside County received checks for the funds raised through the Bank's recently established Community Partnership Program.
"The Community Partnership Program is relatively new and I am excited that so many non-profit organizations in our community received checks," stated Kathryn Gonzales, Senior Vice President of Retail Banking. "I hope the word gets out and we sign up more participants in the program. It is such an easy way to raise funds for your favorite charity or non-profit organization."
A formal check presentation to the Friends of the Riverside Library will be held at their Annual Meeting on Thursday, May 15, 2008 at the newly restored and enlarged Arlington Library at 6:00 pm. The check presentation will take place at 6:15 pm.
Following the meeting and presentation, author Sheila Lowe, creator of the mystery-series heroine: Claudia Rose, Forensic Graphologist will read and discuss her new book Poison Pen. The meeting and program is open to the public, free of charge.
"This check comes at a much needed time with all the budget restraints. We are pleased to establish another partnership with Provident Bank and look forward to a long term relationship," stated Doris Illes, President of the Friends of the Riverside Library. "These funds will be allocated to the Riverside Library special programs area. Ten years ago, Provident Bank stepped up and saved the Buzz Bee's Summer Reading Program when the library was informed the traditional funding source for the summer reading program would no longer be available. We sincerely appreciate their loyalty and continued generosity."
For more information about how your favorite Inland Empire non-profit can earn money through the Provident Bank Community Partnership Program, contact your local Provident Branch Manager, call Ms. Alex Ramos at (951) 786-8935 or email Ms. Ramos at aramos@myprovident.com.
Provident Savings Bank, FSB is a community-oriented, federally chartered, full-service retail bank with assets of approximately $1.6 billion. Headquartered in Riverside, California, the Bank currently operates 13 retail/business banking offices and four Provident Bank Mortgage loan production offices. Additional information about the Bank can be found on the Internet at www.myprovident.com, through our Corporate Call Center at 1-800-442-5201 or by visiting one of our branches.
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Certain matters in this Press Release constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements 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 due to 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 fraud, and other risks detailed in the Company's reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended June 30, 2007. Forward looking statements are effective only as of the date that they are made and Provident Financial Holdings, Inc. assumes no obligation to update this information.