Business
Provident Financial Holdings Announces CFO Succession
RIVERSIDE, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company” or “Provident”), NASDAQ GS: PROV, the holding company for
About this update from Provident Financial Holdings, Inc.
[{"type":"text","content":"RIVERSIDE, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company” or “Provident”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank” or “Provident”), today 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 who will become President and Chief Executive Officer on the same date. Ms. Nguyen transitions to the new role from her current position of Vice President, Chief Accounting Officer and Controller of the Bank having served in those roles since September 2022. Prior to that, Ms. Nguyen served the Bank as Vice President and Controller from her first employment date in October 2016 to September 2022. 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. Chairman and Chief Executive Officer Craig G. Blunden commented, “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.” Ms. Nguyen’s professional designations include Certified Public Accountant, Chartered Global Management Accountant, and Certified Management Accountant. 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 both from the University of California, San Diego. Ms. Nguyen is also a member of the American Institute of Certified Public Accountants, the Institute of Management Accountants, and the Financial Managers Society. About Provident With over $1.3 billion in total assets and 13 retail banking centers, Provident is the largest independent commu...