8-K

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): June 30, 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 5.02  Appointment of Certain Officers

Provident Financial Holdings, Inc. (“Company”), the holding company for Provident Savings Bank, F.S.B. (“Bank”), announced that the Company’s Board of Directors promoted Donavon P. Ternes to President of the Company and the Bank effective June 27, 2011.  Mr. Ternes will remain Chief Operating Officer and Chief Financial Officer of both companies.

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 Company’s promotion of an executive dated June 30, 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:  July 5, 2011	PROVIDENT FINANCIAL HOLDINGS, INC.
	/s/ Donavon P. Ternes
	Donavon P. Ternes
	President, Chief Operating Officer and
	Chief Financial Officer (Principal Financial and Accounting Officer)

EX-99.1

3756 Central Avenue Riverside, CA 92506 (951) 686-6060	NEWS RELEASE

PROVIDENT FINANCIAL HOLDINGS

ANNOUNCES THE PROMOTION OF AN EXECUTIVE

Riverside, Calif. – June 30, 2011 – Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank”), today announced that the Company’s Board of Directors promoted Donavon P. Ternes to President of the Company and the Bank.  Mr. Ternes will remain Chief Operating Officer and Chief Financial Officer of both companies.

Craig G. Blunden, Chairman and CEO said, “Donavon is an extremely capable executive.  He has served this Company with distinction for more than 10 years and is well suited for this expanded role.  The Board of Directors and I are confident that his broad expertise and leadership will continue to serve us well.”

Mr. Ternes noted, “I am looking forward to my additional responsibilities and feel fortunate to work with so many highly regarded banking professionals.  I understand that Provident’s long-term success is the result of these dedicated individuals and I am honored to be affiliated with one of Southern California’s leading community banks.”

As a result of Mr. Ternes’ promotion, certain divisions of the Bank will now report to him and certain departments of the Bank will now report to Mr. Blunden.  Specifically, the Finance Division, Retail Banking Division and Real Estate Finance Division will report to Mr. Ternes.  Additionally, the following departments will now be

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managed by Mr. Blunden:  Human Resources, Payroll, General Services, Training and Physical Security.

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, 2010.

Contacts:	Craig G. Blunden	Donavon P. Ternes
	Chairman and	President, Chief Operating Officer,
	Chief Executive Officer	and Chief Financial Officer

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