-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000939057-04-000416.txt : 20041109
<SEC-HEADER>0000939057-04-000416.hdr.sgml : 20041109
<ACCEPTANCE-DATETIME>20041109121215
ACCESSION NUMBER:		0000939057-04-000416
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041108
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041109
DATE AS OF CHANGE:		20041109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROVIDENT FINANCIAL HOLDINGS INC
		CENTRAL INDEX KEY:			0001010470
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				330704889
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28304
		FILM NUMBER:		041128232

	BUSINESS ADDRESS:	
		STREET 1:		3756 CENTRAL AVE
		CITY:			RIVERSIDE
		STATE:			CA
		ZIP:			92506
		BUSINESS PHONE:		9096866060

	MAIL ADDRESS:	
		STREET 1:		3756 CENTRAL AVENUE
		CITY:			RIVERSIDE
		STATE:			CA
		ZIP:			92506
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k8110904.htm
<DESCRIPTION>PROVIDENT FORM 8-K
<TEXT>
<HTML>

<TABLE BORDER="0" WIDTH="100%" cellspacing="0" cellpadding="0" style="border-collapse: collapse" bordercolor="#111111">
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER"><STRONG>UNITED STATES</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER"><STRONG>SECURITIES AND EXCHANGE COMMISSION</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER"><STRONG>Washington, D.C. 20549</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER"></STRONG><FONT SIZE="+2"><STRONG>FORM 8-K</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER"></STRONG><STRONG>CURRENT REPORT</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER"><STRONG>Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">Date of Report (Date of earliest event reported):  <STRONG>
  November 8, 2004</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER"><FONT SIZE="+2"><STRONG>
  PROVIDENT FINANCIAL HOLDINGS, INC.</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">(Exact name of registrant as specified in its charter)</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER"><STRONG>Delaware</STRONG></TD>
<TD ALIGN="CENTER"><STRONG>000-28304</STRONG></TD>
<TD ALIGN="CENTER"><STRONG>33-0704889</STRONG></TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER">(State or other jurisdiction</TD>
<TD ALIGN="CENTER">(Commission</TD>
<TD ALIGN="CENTER">(IRS Employer</TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER">of incorporation)</TD>
<TD ALIGN="CENTER"> File Number)</TD>
<TD ALIGN="CENTER">Identification No.)</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="2">
<P ALIGN="CENTER"><STRONG>3756 Central Avenue, Riverside, California</STRONG></TD>
<TD ALIGN="CENTER"><strong>92506</strong></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="2">
<P ALIGN="CENTER">(Address of principal executive offices)</TD>
<TD ALIGN="CENTER">(Zip Code)</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">Registrant's telephone number (including area code):  <STRONG>(951)
  686-6060</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions.</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">	[&nbsp;&nbsp; ]&nbsp;	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">	[&nbsp;&nbsp; ]&nbsp;	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">	[&nbsp;&nbsp; ]&nbsp;	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
240.14d-2(b))</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3">	[&nbsp;&nbsp; ]&nbsp;	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
240.13e-4(c))</TD></TR></TABLE>



<FONT FACE="Times">
<P>&lt;PAGE&gt;</P>
<P>&nbsp;</P>
<B><P>Item 5.02  Departure of Directors</P>
</B>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On November 8, 2004 Provident Financial Holdings, Inc. (&quot;Corporation&quot;), the holding company for Provident Savings Bank, F.S.B. (&quot;Bank&quot;), announced that Mr. Seymour M. Jacobs has resigned from the Boards of Directors of the Corporation and the Bank effective at the close of business on November 18, 2004.  The news release announcing the resignation of Mr. Jacobs and his resignation letter are attached as Exhibit 99.1 and Exhibit 99.2, respectively, and incorporated by reference herein.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P>Item 9.01  Financial Statements and Exhibits</P>
</B></FONT><FONT FACE="Times" SIZE=2>
</FONT><FONT FACE="Times"><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp; Exhibits</P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
99.1&nbsp;&nbsp;&nbsp; News release of Provident Financial Holdings, Inc. dated November 8, 2004.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
99.2&nbsp;&nbsp;&nbsp; Resignation letter from Seymour M. Jacobs dated November 5, 2004. </P>


<P>&lt;PAGE&gt;</P>
<P>&nbsp;</P>
</FONT>
<FONT FACE="Times">
<B><P ALIGN="CENTER">SIGNATURES</P>
</B>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P>&nbsp;</P>
<P>Date:  November 9, 2004&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROVIDENT FINANCIAL HOLDINGS, INC.</P>

<P>&nbsp;</P>












<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;












<U>/s/ Craig G. Blunden&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Craig G. Blunden<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chairman, President and Chief Executive Officer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Principal Executive Officer)</P>

<BR><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<U>/s/ Donavon P. Ternes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Donavon P. Ternes<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chief Financial Officer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Principal Financial and Accounting Officer) </P>

<P>&lt;PAGE&gt;</P>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">EXHIBIT 99.1</P>
</B>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&lt;PAGE&gt;</P>
<P>&nbsp;</P>
<B>
<P>3756 Central Avenue<FONT SIZE=6>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>
<FONT SIZE=5>NEWS RELEASE</FONT><FONT SIZE=6><br></FONT>
Riverside, CA 92506<br>
(951) 686-6060</P>
</B>
<P>&nbsp;</P>

<B><P ALIGN="CENTER">PROVIDENT FINANCIAL HOLDINGS, INC.<br>
ANNOUNCES DIRECTOR RESIGNATION </P>

</B><P ALIGN="JUSTIFY" style="line-height: 200%">Riverside, Calif. - November 8, 2004
- - Provident Financial Holdings, Inc. (&quot;Company&quot;), Nasdaq: PROV, the holding company for Provident Savings Bank, F.S.B. (&quot;Bank&quot;), today announced that Mr. Seymour M. Jacobs has resigned from the Boards of Directors of the Company and the Bank effective at the close of business on November 18, 2004.</P>
<P ALIGN="JUSTIFY" style="line-height: 200%"></P>
<P ALIGN="JUSTIFY" style="line-height: 200%">&quot;My decision has evolved over time for the best of reasons,&quot; Mr. Jacobs said in his letter of resignation to the Board of Directors.  &quot;I feel like my advice to be more aggressive managing capital, cutting expenses and managing interest rate exposure was heard and well executed.  Complaining and suggesting was the easy part.  I appreciate that the execution was far harder and admire your collective dedication and success in carrying it through.&quot;</P>
<P ALIGN="JUSTIFY" style="line-height: 200%"></P>
<P ALIGN="JUSTIFY" style="line-height: 200%">Craig G. Blunden, Chairman, President and Chief Executive Officer of the Company said, &quot;I would like to thank Sy for his valued contributions to the Board of Directors during the period he was with us.  He brought a great deal of experience to the Board and we appreciated his insight and perspective.  We wish him continued success in his future endeavors.&quot; </P>
<hr noshade><center>
1 of 2</center></P>
<P ALIGN="CENTER"></P>








<P>     &lt;PAGE&gt;</P>








<P>     &nbsp;</P>








<P align="center">     Safe-Harbor Statement</P>
<FONT SIZE=2>








<I><P ALIGN="JUSTIFY">Certain matters in this Press Release constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward looking statements 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 due to 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 r
isks detailed in the Company's reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended June 30, 2004.  Forward looking statements are effective only as of the date that they are made and Provident Financial Holdings, Inc. assumes no obligation to update this information.</P>
</I></FONT><B>
</B><P>&nbsp;</P>
<P>Contacts:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Craig G. Blunden&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Donavon P. Ternes<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chairman, President &amp; CEO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer</P>
<hr noshade><center>
2 of 2</center>
<p></p>
<P>&nbsp;</P>
<P>&lt;PAGE&gt;</P>
<P></P>

<B><P ALIGN="CENTER">EXHIBIT 99.2</P></B><P ALIGN="left">&nbsp;</P>
<P ALIGN="left">&nbsp;</P><P ALIGN="left">&lt;PAGE&gt;</P>

<P>&nbsp;<P>Nov 5, 2004<br><br>

<P>The Board of Directors<br>
c/o Craig G. Blunden<br>
Chairman of the Board<br>
Provident Financial Holdings, Inc.<br>
3756 Central Avenue<br>
Riverside, CA 92506<br><Br>

Dear Craig and Members of the Board of Directors,</P>

<P>I want to tell you that after enjoying the experience and fruits of my board membership for these
last two years I've decided to resign from the board of Provident Financial Holdings, Inc and
Provident Savings Bank, FSB.  This decision has evolved over time for the best of reasons: I feel
that I have accomplished what I set out to do.  I don't want to sound like I am taking much
credit for Provident's success these last couple of years- most of that lies with your work along with
the rest of the board, Provident employees and a little tail wind from the markets.  My former
frustration with Provident's low returns and low valuation has been worn away by higher returns
and higher valuations.  I feel like my advice to be more aggressive managing capital, cutting
expenses and interest rate exposure was heard and well executed.  Complaining and suggesting
was the easy part.  I appreciate that the execution was far harder and admire your collective
dedication and success in carrying it through.</P>

<P>With my original agenda accomplished and Provident stock being a smaller percentage of my
fund's holdings (We've grown a lot this year.  Assets under management are now over $100
million from $40 million when I first requested a board seat) I feel less of a need to undertake the
monthly treks out to California for board meetings.</P>

<P>Please advise as to what would be best for you as far as timing and means of making this
announcement.</P>

<P>Sincerely,</P>
/s/ Sy Jacobs<br><Br>
Sy Jacobs<br>
Managing Member<br>
JAM Managers, L.L.C.<br>
As General Partner for<br>
JAM Partners, L.P.</P>

<P>&lt;PAGE&gt;</P>

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