Provident Financial Holdings Appoints Director; Names Chief Lending Officer

What Happened
Provident Financial Holdings, Inc. (the holding company for Provident Savings Bank, F.S.B.) filed an 8-K (Item 5.02) reporting board and management changes announced July 23, 2026. Donavon P. Ternes was appointed to the Boards of Directors of the Corporation and the Bank to fill the vacancy caused by the death of Director William E. Thomas (April 2026); he will serve until the Corporation’s 2027 Annual Meeting and the Bank’s 2026 Annual Meeting. The Bank also appointed Michael S. Van Stockum (age 63) as Senior Vice President and Chief Lending Officer, effective July 23, 2026.

Key Details

• Donavon P. Ternes: named to both boards effective July 23, 2026; has been President & CEO since January 2024 and has worked at the Corporation/Bank since November 2000 (previous roles include SVP & CFO, COO, Corporate Secretary).
• Michael S. Van Stockum: appointed SVP & Chief Lending Officer effective July 23, 2026; over 40 years of lending, underwriting, loan admin and credit management experience; joined the Bank in 2007 and most recently served as Vice President, Commercial Real Estate Loan Administrator and CRA Officer.
• No family relationships between Mr. Van Stockum and any director or executive officer; no related-party transactions reportable under SEC rules were disclosed.

Why It Matters
These are internal, experienced appointments that fill a board vacancy and place a long-tenured banker in charge of lending oversight. For investors, the board appointment formalizes leadership after Director William Thomas’s passing, and the lending officer appointment may affect credit policy, loan underwriting and growth execution given Van Stockum’s oversight role. The filing notes no related-party conflicts.