RIVERSIDE, Calif.--(BUSINESS WIRE)--July 22, 2004--Provident
Financial Holdings Inc. ("Company"), (Nasdaq:PROV), the holding
company for Provident Savings Bank F.S.B., today announced that the
Company's board of directors declared a quarterly cash dividend of
$0.10 per share on the Company's outstanding shares of common stock.
Shareholders of record at the close of business on Aug. 17, 2004 will
be entitled to receive the cash dividend. The cash dividend will be
payable on Sept. 10, 2004.
Safe Harbor Statement
Certain matters in this Press Release constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements 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 due to
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 the Annual Report on Form 10-K for the fiscal
year ended June 30, 2003. Forward-looking statements are effective
only as of the date that they are made and Provident Financial
Holdings Inc. assumes no obligation to update this information.
CONTACT: Provident Financial Holdings Inc.
Craig G. Blunden or Donavon P. Ternes, 909-686-6060
SOURCE: Provident Financial Holdings, Inc.