Provident Financial: CEO Craig Blunden retiring, Donavon Ternes succeeds Jan 1

Provident Financial Holdings, announced that Craig G. Blunden, Chairman and Chief Executive Officer is retiring from his management positions as CEO of the Company and the Bank effective January 1. Mr. Blunden will transition from serving as CEO and will become non-executive Chairman of the Board of the Company and Bank subsequent to his retirement from executive management duties and responsibilities. In conjunction with Mr. Blunden’s retirement, Donavon P. Ternes will be appointed President and CEO of the Company and Bank effective January 1 . Mr. Ternes will continue to serve in his current role as President, Chief Operating Officer, and Chief Financial Officer until January 1, 2024. The Company and Bank is in the process of identifying the successor to Mr. Ternes for the Chief Financial Officer position and will provide further information in a subsequent announcement once the details have been finalized. The Chief Operating Officer position will remain unfilled subsequent to January 1.