Market Overview

Provident Bank Announces the Grand Opening of the Corporate Branch Relocation and Its 60 Year Anniversary


RIVERSIDE, Calif., July 13, 2016 (GLOBE NEWSWIRE) -- Provident Bank held the grand opening of its newly relocated Corporate Branch on Monday, July 11, 2016 at 11:00 a.m.

The opening celebration was held in the new Corporate Branch at 6570 Magnolia Boulevard, Riverside, California.  Riverside business leaders and local government officials attended the grand opening event.

"After 60 years we are so pleased to still be here in Riverside. When you think about the banks that were in Riverside when we opened our doors in 1956 and all the new banks that formed after we were founded; it seems like they are all gone now and we are the only bank still headquartered in Riverside," stated Craig Blunden, Chairman and Chief Executive Officer.

In celebration of 60 years in business, Provident Bank has kicked off their diamond anniversary event that will go through the month of July. Provident Bank officially opened the doors of the newly relocated Corporate Branch on June 13, 2016.  Provident has 13 branches in Riverside County, one branch in San Bernardino County and 16 mortgage offices in California from Escondido to Roseville. 

Safe-Harbor Statement

Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements may 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 as a result of 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 its Annual Report on Form 10-K for the fiscal year ended June 30, 2015.

Contacts: Craig G. Blunden Chairman and Chief Executive Officer Donavon P. Ternes President, Chief Operating Officer, and Chief Financial Officer (951) 686-6060
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