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Provident Bank Gives Back to the Community; Donates Over $120,000 Through the Community Partnership Program

09:48 EDT Friday, March 30, 2012

RIVERSIDE, Calif., March 30, 2012 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. ("Company"), (Nasdaq:PROV), the holding company for Provident Savings Bank, F.S.B. ("Bank"), today announced that the Bank has donated over $120,000 to local non-profits and not-for-profits during the past five years through the Community Partnership Program.

"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 Kathryn Gonzales, Senior Vice President of Retail Banking. Through the Bank's Community Partnership Program, established in 2006, participating non-profits and not-for profits can receive donations by having their members bank with Provident, some restrictions apply.

For more information about the program, please contact Provident Bank at (800) 745-2217 and ask about the Community Partnership Program.

Provident Bank is a federally chartered, full-service retail bank with assets of approximately $1.3 billion. Headquartered in Riverside, California, Provident Bank has been serving the Inland Empire for over 55 years and currently operates 14 full-service retail/business banking branches in the Inland Empire along with 14 Provident Bank Mortgage loan production offices throughout California. More information regarding Provident Bank can be found on its website, www.myprovident.com.

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, 2011.

CONTACT: Craig G. Blunden
         Chairman and
         Chief Executive Officer
         
         Donavon P. Ternes
         President, Chief Operating Officer,
         and Chief Financial Officer
         
         3756 Central Avenue
         Riverside, CA 92506
         (951) 686-6060




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