<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>slp366d.txt
<DESCRIPTION>LETTER FROM CHAIRMAN TO MR. JACOBS
<TEXT>

CUSIP No.  743868101                                         Page 33 of 33 Pages


                                                                       EXHIBIT 5


                                 [ON LETTERHEAD]



Via Telecopy

Mr. Seymour Jacobs
Managing Member
JAM Partners, L.P.
One Fifth Avenue
New York, New York  10003

Dear Sy:

This letter is in connection with our conversation earlier today concerning the
proposed timing of our annual meeting of shareholders of Provident Financial
Holdings, Inc. As I indicated to you, in keeping with our past practices, we
certainly do not intend to hold an annual meeting without providing adequate
notice to our shareholders. In this regard, we anticipate announcing the date of
the meeting in a press release as soon as one is selected by our Board of
Directors. The press release also will be filed with the Securities and Exchange
Commission under cover of a Current Report on Form 8-K immediately after it is
issued. We envision that the proxy materials will be mailed to our shareholders
approximately 30 to 45 days after the press release is issued and that 25 to 30
days notice will be given between the mailing date and meeting date. These dates
are obviously approximate, but should give you an idea of the timetable we are
contemplating.

I hope this addresses your concerns regarding the notice and timing of our
annual meeting. I thought that our conversation was very productive and I look
forward to continuing these discussions with you shortly.

Best regards,

/s/ Craig G. Blunden

Craig G. Blunden
Chairman of the Board

CGB/sm

cc:      Phillip M. Goldberg, Esquire

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