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<SEC-DOCUMENT>0000939057-07-000351.txt : 20071015
<SEC-HEADER>0000939057-07-000351.hdr.sgml : 20071015
<ACCEPTANCE-DATETIME>20071015170946
ACCESSION NUMBER:		0000939057-07-000351
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071015
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20071015
DATE AS OF CHANGE:		20071015

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:		071172459

	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>k8reorg.htm
<DESCRIPTION>PROVIDENT FINANCIAL HOLDINGS, INC. FORM 8-K
<TEXT>
<HTML>
<BODY>

<P align="center"><FONT FACE="Times New Roman"><STRONG>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</STRONG></FONT></P>

<P align="center"><FONT FACE="Times New Roman" SIZE="+2"><STRONG>FORM 8-K</STRONG></FONT></P>

<p align="center"><font face="Times New Roman"><STRONG>CURRENT REPORT</STRONG><BR>
<STRONG>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</STRONG></font></p>

<P align="center"><FONT FACE="Times New Roman">Date of Report (Date of earliest event reported): <STRONG>October 15, 2007</STRONG></FONT></P>

<p align="center">

<font face="Times New Roman">

<BR WP="BR1"></font><FONT FACE="Times New Roman" SIZE="+2"><STRONG>PROVIDENT FINANCIAL HOLDINGS, INC.</STRONG></FONT><font face="Times New Roman"><BR>
(Exact name of registrant as specified in its charter)</font></P>

&nbsp;<center>
<TABLE WIDTH="100%" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111" ALIGN=CENTER>
<TR VALIGN="TOP"><TD width="360" align="center"><FONT FACE="Times New Roman"><STRONG>Delaware</STRONG></FONT></TD>
<TD ALIGN="CENTER" width="172"><FONT FACE="Times New Roman"><STRONG>000-28304</STRONG></FONT></TD>
<TD ALIGN="CENTER" width="367"><FONT FACE="Times New Roman"><STRONG>33-0704889</STRONG></FONT></TD></TR>

<TR VALIGN="TOP"><TD ALIGN="CENTER" width="360">
<FONT FACE="Times New Roman">(State or other jurisdiction
<BR>
of incorporation)</FONT></TD>

<TD ALIGN="CENTER" width="172"><FONT FACE="Times New Roman">(Commission<BR>
File Number)</FONT></TD>

<TD ALIGN="CENTER" width="367"><FONT FACE="Times New Roman">(I.R.S. Employer<BR>
Identification No.)</FONT></TD></TR></TABLE>

  </center>


&nbsp;<TABLE WIDTH="100%" cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111" ALIGN=CENTER>
<TR VALIGN="TOP"><TD width="454" align="center"><FONT FACE="Times New Roman"><STRONG>3756 Central Avenue, Riverside, California</STRONG></FONT></TD>
<TD ALIGN="CENTER" width="435"><FONT FACE="Times New Roman"><STRONG>92506</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="454">
  <p><FONT FACE="Times New Roman">(Address of principal executive offices)</FONT></TD>
<TD ALIGN="CENTER" width="435"><FONT FACE="Times New Roman">(Zip Code)</FONT></TD></TR></TABLE>

<P ALIGN="CENTER"><FONT FACE="Times New Roman">Registrant's telephone number, including area code:  <STRONG>(951) 686-6060</STRONG></FONT></P>

<P ALIGN="CENTER">&nbsp;</P>

<TABLE WIDTH="100%" ALIGN=CENTER>
<TR VALIGN="TOP"><TD><font face="Times New Roman">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.</font></TD></TR>
<TR VALIGN="TOP"><TD>&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD><font face="Times New Roman">[&nbsp; ]</font>&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></TD></TR>
<TR VALIGN="TOP"><TD>&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD><font face="Times New Roman">[&nbsp; ]&nbsp;&nbsp;&nbsp; </font>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></TD></TR>
<TR VALIGN="TOP"><TD>&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD><font face="Times New Roman">[&nbsp; ]</font>&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17 CFR 240.14d-2(b))</font></TD></TR>
<TR VALIGN="TOP"><TD>&nbsp; </TD></TR>
<TR VALIGN="TOP"><TD><font face="Times New Roman">[&nbsp; ]&nbsp;&nbsp;&nbsp; </font>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17 CFR 240.13e-4(c))</font></TD></TR></TABLE>

<font face="Times New Roman">

<BR WP="BR1"><BR WP="BR2">
<font size="2">&lt;PAGE&gt;</font><BR WP="BR1"><BR WP="BR2">
<BR WP="BR1"><STRONG>Item 8.01 Other Events</STRONG></font><P align="justify">
<FONT FACE="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provident Financial Holdings, Inc. ("Company"), the holding company for Provident
Savings Bank, F.S.B. completed a reduction in workforce at Provident Bank Mortgage ("PBM")
and intends to close its loan production offices in Diamond Bar, La Quinta, San Diego, Temecula
and Torrance, California by December 31, 2007.  Operations will be conducted from PBM's four
remaining loan production offices located in Glendora, Pleasanton, Rancho Cucamonga and
Riverside, California.  The Company estimates that the one-time charges associated with the
reduction in workforce will be approximately $44,000 and primarily the result of employee
severance payments.  The charges will be recognized in the quarter ending December 31, 2007.
The future estimated cost savings expected as a result of the reduction in workforce is
approximately $47,500 per month beginning on November 1, 2007.  The Company has not
estimated the one-time charges associated with the intended office closures because lease
buyouts and/or subleasing agreements have not been finalized.</FONT></P>

<P><FONT FACE="Times New Roman" size="2">&lt;PAGE&gt;</FONT></P>

<P>&nbsp;</P>

<P><FONT FACE="Times New Roman"><STRONG>SIGNATURES</STRONG></FONT></P>

<P><FONT FACE="Times New Roman">	&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.</FONT></P>

<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%">
  <tr>
    <td width="50%"><FONT FACE="Times New Roman">Date: October 15, 2007</FONT></td>
    <td width="50%"><FONT FACE="Times New Roman">&nbsp;PROVIDENT FINANCIAL
    HOLDINGS, INC.</FONT></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%"><FONT FACE="Times New Roman"><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;&nbsp;				</U></FONT>
    </td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%"><FONT FACE="Times New Roman">				Donavon P. Ternes</FONT></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%"><FONT FACE="Times New Roman">						Chief Financial Officer</FONT></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;</td>
    <td width="50%"><FONT FACE="Times New Roman">						(Principal Financial and Accounting Officer) </FONT>
    </td>
  </tr>
</table>
<font face="Times New Roman">

<BR WP="BR1"><BR WP="BR2">
<BR WP="BR1"></font><font size="2" face="Times New Roman">&lt;PAGE&gt;</font><P>&nbsp;</P>

<P>&nbsp;</P>

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</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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