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EX-99.1 - EXHIBIT 99.1 - PROVIDENT FINANCIAL HOLDINGS INCex99121411.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): February 14, 2011

PROVIDENT FINANCIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)

Delaware
000-28304
33-0704889
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

3756 Central Avenue, Riverside, California
92506
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code:  (951) 686-6060


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
 
[ ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






 
 

 
Item 8.01  Other Events
 
    On February 14, 2011, Provident Financial Holdings, Inc. (the “Corporation”) announced that the Corporation will relocate its Temecula Retail Branch to a newly leased location at 40705 Winchester Road, Suites A106 and A107, Temecula, California.  The relocation is expected to occur in May 2011. Additionally, the Corporation has agreed to sell its existing branch facility located at 40325 Winchester Road, Temecula, California to an unaffiliated third party.  The sale will result in a pre-tax gain on sale of real estate of approximately $1.1 million.  The relocation to the newly leased space and the sale transaction are subject to customary contingencies, contractual requirements and regulatory approvals.  The news release announcing the branch relocation and the sale of the existing property is attached as Exhibit 99.1 and incorporated by reference herein.
 

Item 9.01  Financial Statements and Exhibits

(d)Exhibits

The following exhibit is being filed herewith and this list shall constitute the exhibit index:

                99.1
News Release regarding the branch relocation and the sale of an existing branch facility of Provident Financial Holdings, Inc. dated February 14, 2011.






 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Date:  February 14, 2011  PROVIDENT FINANCIAL HOLDINGS, INC. 
   
   
  /s/ Donavon P. Ternes                                                
  Donavon P. Ternes 
  Chief Operating Officer and Chief Financial Officer 
  (Principal Financial and Accounting Officer)