Provident Financial Holdings, Inc.

Ticker:	PROV	3756 Central Avenue
Exchange:	NASDAQ-National Market	Riverside, California 92506
Industry:	Financial	(909) 686-6060

Type of Shares:	Common Shares	Filing Date:	3/11/96
U.S. Shares:	6,745,000	Offer Date:	6/28/96
Non-U.S. Shares:	0	Filing Price:	$10.00
Primary Shares:	6,745,000	Offer Price:	$10.00
Secondary Shares:	0	Gross Spread:	$0.17
Offering Amount:	$67,450,000	Selling:
Expenses:	-	Reallowance:
Shares Out After:	-

Manager	Tier	Phone
Everen Securities, Inc.	Lead Manager	(312) 574-6000

Auditor: Price Waterhouse
		3 Month Ending Financials
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	6/30/95	3/31/96	3/31/95		12/31/95
Revenue:	$37.33	$11.66	$9.04	Assets:	$570.69
Net Income:	-$3.99	$1.42	-$0.59	Liabilities:	$532.51
EPS:				Equity:	$38.19
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The Holding Company is a Delaware corporation organized in January 1996 at the direction of the Savings Bank to acquire all of the capital stock that the Savings Bank will issue upon its conversion from the mutual stock form of ownership. The Holding Company has not engaged in any significant business to date. The Holding Company has received the approval of the OTS to become a savings and loan holding company and to acquire 100% of the capital stock of the Savings Bank. The Savings Bank, founded in 1956, is a federally chartered mutual savings bank headquartered in Riverside, California. The Savings Bank amended its mutual savings bank in 1988 and then to a federally chartered capital stock savings bank and will become a wholly owned subsidiary of the Holding Company. The Savings Bank is regulated by the OTS, its primary federal regulator, and the FDIC, the insurer of its deposits.

Use of Proceeds

The proceeds from the proposed offering will be used to fund the transition from a mutual to a stock bank holding company.

Last updated: 12/22/96