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United States

Provident Financial Holdings Inc (PROV.OQ)

PROV.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Craig Blunden

68 2011 Chairman of the Board, Chief Executive Officer of the Company and the Bank

Donavon Ternes

56 2011 President, Chief Operating Officer, Chief Financial Officer, Corporate Secretary,

Robert Ritter

2016 Senior Vice President - Mortgage Banking for the Bank

David Weiant

57 2007 Senior Vice President, Chief Lending Officer

Gwendolyn Wertz

50 2014 Senior Vice President - Retail Banking of the Bank

Joseph Barr

70 2001 Independent Director

Bruce Bennett

67 1993 Independent Director

Judy Carpenter

59 2012 Independent Director

Debbi Guthrie

65 1994 Independent Director

Roy Taylor

65 1990 Independent Director

William Thomas

67 1997 Independent Director

Biographies

Name Description

Craig Blunden

Mr. Craig G. Blunden is a Chairman of the Board, Chief Executive Officer of the Company and the Bank. Mr. Blunden has been associated with Provident Savings Bank since 1974, currently serving as Chairman and Chief Executive Officer of the Bank and Provident, positions he has held since 1991 and 1996, respectively. He served as President of the Bank from 1991 until June 2011 and as President of Provident from its formation in 1996 until June 2011. Mr. Blunden also serves on the Board of Directors of the California Bankers Association and the Federal Home Loan Bank of San Francisco. Mr. Blunden has gained invaluable banking expertise in all areas of banking from his years of service in the financial services industry.

Donavon Ternes

Mr. Donavon P. Ternes is a President, Chief Operating Officer, Chief Financial Officer, Corporate Secretary, IR Contact Officer. of the Company. Mr. Ternes joined the Bank and the Corporation as Senior Vice President and Chief Financial Officer on November 1, 2000 and was appointed Secretary of the Corporation and the Bank in April 2003. Effective January 1, 2008, Mr. Ternes was appointed Executive Vice President and Chief Operating Officer, while continuing to serve as the Chief Financial Officer and Corporate Secretary of the Bank and the Corporation. Effective June 27, 2011, the Board of Directors of the Bank and the Corporation promoted Mr. Ternes to serve as President of the Bank and the Corporation, while continuing to serve as Chief Operating Officer, Chief Financial Officer and Corporate Secretary. Prior to joining the Bank, Mr. Ternes was the President, Chief Executive Officer, Chief Financial Officer and Director of Mission Savings and Loan Association, located in Riverside, California, holding those positions for over 11 years.

Robert Ritter

Mr. Robert "Scott" Ritter has been appointed as Senior Vice President - Mortgage Banking for the Bank of the Company, with effect from September 26, 2016. Mr. Ritter joins the Bank from California Mortgage Advisors, he has served as their Chief Operating Officer since November 2011. In his role as Chief Operating Officer, he has been responsible for overseeing all of California Mortgage Advisors' operations, including product development, underwriting, loan processing, and information technology. Prior to that, he has held positions with increasing responsibilities at such notable mortgage banking firms as Green Point Financial and its predecessor Headlands Mortgage Company, among others.

David Weiant

Mr. David S. Weiant is Senior Vice President, Chief Lending Officer of the Bank. Prior to joining the Bank, Mr. Weiant was a Senior Vice President of Professional Business Bank (June 2006 to June 2007) where he was responsible for commercial lending in the Los Angeles and Inland Empire regions of Southern California.

Gwendolyn Wertz

Ms. Gwendolyn L. Wertz is the Senior Vice President - Retail Banking of the Bank. Ms. Wertz joined the Bank as Senior Vice President of Retail Banking on February 3, 2014. Prior to joining the Bank, Ms. Wertz was with CommerceWest Bank where she was responsible for the management of commercial banking activities, treasury management and specialty banking. Prior to that she was with Opportunity Bank, N.A. where she was responsible for the commercial treasury sales and service team. Ms. Wertz has more than 25 years of experience with financial institutions including the last 10 years in senior management roles. Her experience includes depository growth initiatives, operations, compliance, and deposit acquisition management.

Joseph Barr

Mr. Joseph P. Barr is an Independent Director of the Company. He is Certified Public Accountant in California and Ohio and has been in public accounting for more than 40 years. He is a retired partner of the accounting firms of Ernst & Young and most recently Swenson Accountancy Corporation after 46 years in public accounting. He also serves or has served on the Board of Directors of the Jesuit Volunteer Corporation Northwest, the Riverside Art Museum, the Finance and Investment Committee of the Riverside Community Health Foundation and the A. Gary Anderson Graduate School of Management Advisory Committee at the University of California at Riverside. Mr. Barr currently serves as Chairman of our Audit Committee and serves on our Nominating and Corporate Governance Committee. As a certified public accountant, Mr. Barr brings a wealth of financial and risk management expertise to the Board and he possesses practical business experience from his many years of advising clients on business opportunities and best practices.

Bruce Bennett

Mr. Bruce W. Bennett is Independent Director of the Company. Mr. Bennett provides consulting services to the healthcare industry primarily related to quality assurance, risk management, marketing and business development. Previously, he was the President and owner of Community Care and Rehabilitation Center, a skilled nursing facility, with which he had been associated since 1973, until he sold the company in 2010. He currently serves on the National Down Syndrome Congress, previously served on the Board of Directors of Riverside Community Hospital, and is Chairman Emeritus of Riverside Community Health Foundation. Mr. Bennett currently serves on our Personnel/Compensation Committee and Nominating and Corporate Governance Committee. Mr. Bennett brings entrepreneurial knowledge and business management experience to the Board through his experience owning and operating a business in the highly regulated health care industry.

Judy Carpenter

Ms. Judy Carpenter is an Independent Director of the Company. Ms. Carpenter is the President and Chief Operating Officer of Riverside Medical Clinic, the largest physician owned multi-specialty medical group in the Inland Empire. Riverside Medical Clinic is comprised of approximately 161 physicians and 750 employees, with seven clinics and an outpatient surgery center. Ms. Carpenter is a graduate of California State Polytechnic University - Pomona in Business Administration with a major in Accounting, and is a Certified Public Accountant. Ms. Carpenter has over 30 years of healthcare industry experience, beginning her career in public accounting and joining Riverside Medical Clinic in 1988. Active in the community, she is a member of the Monday Morning Group and the Raincross Group. In addition, she is Past Chairman for the Greater Riverside Chambers of Commerce. She currently serves on the boards for the Janet Goeske Senior Center and Foundation, Riverside University Health Foundation, and Riverside Community Health Foundation. Ms. Carpenter currently serves on our Audit Committee. Ms. Carpenter is uniquely qualified to serve on our Board of Directors with extensive business knowledge, financial expertise and unparalleled familiarity with our local markets and communities.

Debbi Guthrie

Ms. Debbi H. Guthrie is Independent Director of the Company. Ms. Guthrie is the Executive Vice President and Chief Communications Officer of Raincross Hospitality Corporation, a company contracted by the City of Riverside to manage and operate the Riverside Convention Center, Riverside Convention & Visitors Bureau and the Riverside Sports Commission. Prior to her current position, she was the President/Chief Financial Officer and Responsible Managing Officer of Roy O. Huffman Roof Company with which she was associated from 1971 until she sold the company in 2004. Ms. Guthrie is active in multiple community organizations. Ms. Guthrie serves on our Audit Committee and Nominating and Corporate Governance Committee. As a successful business owner that provided construction services to the real estate community, public agencies, locally owned businesses and homeowners, Ms. Guthrie provides unique knowledge of the financial needs of businesses in the markets and communities we serve.

Roy Taylor

Mr. Roy H. Taylor is an Independent Director of Company. Mr. Taylor is the President, West Region, Hub International Limited, and the Chief Executive Officer of Hub International of California, Inc. (“Hub International”), with which he has been associated since 2004. Prior to that, Mr. Taylor was President of Talbot Agency, Inc. an insurance brokerage firm, with which he had been associated since 1972 and which was acquired by Hub International in 2004. Mr. Taylor currently serves as Chairman of our Personnel/Compensation Committee and serves on our Long Range Planning Committee and Nominating and Corporate Governance Committee. Mr. Taylor brings extensive knowledge of the financial services industry with a specialty in insurance and particular knowledge regarding strategic planning, risk management and mergers and acquisitions.

William Thomas

Mr. William E. Thomas is an Independent Director of the Company. Mr. Thomas, a principal of William E. Thomas, Inc., a Professional Law Corporation since 2001, is general counsel to a diversified assortment of medical groups and medical management companies in Southern California. From 1998 to the present, Mr. Thomas has served as Executive Vice President and General Counsel of Strategic Global Management, Inc., a medical ventures firm based in Riverside, California. Prior to that, Mr. Thomas was the founding and managing partner of a private law firm in Riverside, California. He currently serves as Chairman of our Long Range Planning Committee and Nominating and Corporate Governance Committee, and serves on our Personnel/Compensation Committee. As a practicing attorney, Mr. Thomas has advised boards of directors on corporate.

Basic Compensation