Changes in the Leadership Team of Provident Financial Holdings

Provident Financial Holdings, Inc., listed on NASDAQ GS as PROV, serving as the holding entity for Provident Savings Bank, F.S.B., has announced the appointment of Tam B. Nguyen as Senior Vice President, Chief Financial Officer, and Corporate Secretary of both the Company and the Bank, effective January 2, 2024.

This transition follows the tenure of Donavon P. Ternes, who will assume the role of President and Chief Executive Officer on the same date. Ms. Nguyen will step into this new position from her current role as Vice President, Chief Accounting Officer, and Controller at the Bank, which she has held since September 2022. Previously, Ms. Nguyen served as Vice President and Controller from October 2016 to September 2022. Following January 2, 2024, the Bank plans to appoint an individual to the Controller position while eliminating the Chief Accounting Officer role.

As the largest independent community bank headquartered in Riverside County, California, Provident manages over $1.3 billion in total assets and operates through 13 retail banking centers. Since its establishment in 1956, Provident has been dedicated to fulfilling the financial needs of its community.

Ms. Nguyen holds professional certifications as a Certified Public Accountant, Chartered Global Management Accountant, and Certified Management Accountant. Her academic background includes a Master of Business Administration from California State University, San Marcos, along with a Bachelor of Arts in Economics and a Bachelor of Science in Biochemistry/Cell Biology from the University of California, San Diego. Additionally, Ms. Nguyen is a member of the American Institute of Certified Public Accountants, the Institute of Management Accountants, and the Financial Managers Society.

Expressing his satisfaction with the decision, Chairman and Chief Executive Officer Craig G. Blunden remarked, “I am pleased to announce Tam’s promotion today and have been monitoring her performance through the years as she has assumed ever-increasing duties and responsibilities. The Board of Directors and I are convinced that she is ready to take the next step and join the senior management team at Provident.   We take great pride in the fact that we are developing the future leaders of the Company from within. Tam, together with her colleagues, will continue our community banking focus, which is conservative and easily understood and has served our local customers and communities very well for many years.”

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