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<SEC-DOCUMENT>0001062993-11-000647.txt : 20110217
<SEC-HEADER>0001062993-11-000647.hdr.sgml : 20110217
<ACCEPTANCE-DATETIME>20110217154627
ACCESSION NUMBER:		0001062993-11-000647
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110217
DATE AS OF CHANGE:		20110217

SUBJECT COMPANY:	

	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:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-48569
		FILM NUMBER:		11620880

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAFFLES ASSOCIATES LP
		CENTRAL INDEX KEY:			0001169581
		IRS NUMBER:				043272997
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		2 PENN PLAZA
		STREET 2:		SUITE 1920A
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10121
		BUSINESS PHONE:		212-760-2322

	MAIL ADDRESS:	
		STREET 1:		2 PENN PLAZA
		STREET 2:		SUITE 1920A
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10121
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>sched13g.htm
<DESCRIPTION>SCHEDULE 13G
<TEXT>


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   <TITLE>Raffles Associates, L.P.: Schedule 13G - Filed by newsfilecorp.com</TITLE>
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<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><B> </B><BR>Washington, D.C.
20549<B> </B></P>
<P align=center><B><FONT size=5>SCHEDULE 13G </FONT></B></P>
<P align=center>Under the Securities Exchange Act of 1934 </P>
<P align=center><B><U><FONT size=5>PROVIDENT FINANCIAL HOLDINGS.
INC.</FONT></U></B><B> </B><BR>(Name of Issuer) </P>
<P align=center><B><U>Common Stock</U></B><B> </B><BR>(Title of Class of
Securities) </P>
<P align=center><B><U>743868101</U></B><B> </B><BR>(CUSIP Number) </P>
<P align=center><B><U>December 10, 2009</U></B><B> </B><BR>(Date of Event which
Requires Filing of this Statement) </P>
<P align=center>Check the appropriate box to designate the rule pursuant to
which this Schedule is filed: </P>
<P align=center>[_] Rule 13d-1(b) <BR>[x] Rule 13d-1(c) <BR>
  [_] Rule 13d-1(d) </P>
<P align=justify>*The remainder of this cover page shall be filled out for a
reporting person&#146;s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page. </P>
<P align=justify>The information required in the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the <I>Notes</I>). </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=center><B>SCHEDULE 13G </B></P>

<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="30%" border=1>

  <TR vAlign=top>
    <TD align=left><B>CUSIP No.</B> <BR><BR>743868101
</TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD width="5%"
    align=left><B>1</B>  </TD>
    <TD
    align=left colspan="3"><B>Names of Reporting Persons</B> <br>
      <br>
    Raffles Associates, L.P. </TD></TR>

  <TR vAlign=top>
    <TD
    align=left><B>2</B>   </TD>
    <TD
    align=left colspan="3"><B>Check the appropriate box if a member of a Group
      (see instructions)</B> &nbsp; &nbsp; &nbsp; &nbsp;<br>
      (a) [&nbsp; ] &nbsp; &nbsp; &nbsp; &nbsp;<br>
      (b) [x] </TD></TR>

  <TR vAlign=top>
    <TD
    align=left><B>3</B>     </TD>
    <TD
    align=left colspan="3"><B>Sec Use Only</B> <br>
  &nbsp; </TD></TR>

  <TR vAlign=top>
    <TD
    align=left><B>4</B>  </TD>
    <TD
    align=left colspan="3"><B>Citizenship or Place of Organization</B> <br>
      <br>
    Delaware </TD></TR>


  <TR vAlign=top>
    <TD colspan="2" rowspan="4"
    align=center valign="middle">     <B>Number of</B> <B>Shares</B> <B>Beneficially</B> <B>Owned by Each</B> <B>Reporting Person</B> <B>With:</B>       </TD>
    <TD width="5%"
    align=left><B>5</B>   </TD>
  <TD width="80%"
    align=left><B>Sole Voting Power</B>  <br>
  &nbsp; <br>
  670,579 </TD>
  </TR>

  <TR vAlign=top>
    <TD
    align=left><B>6</B>   </TD>
    <TD
    align=left><B>Shared Voting Power</B><br>
    <br></TD>
  </TR>

  <TR vAlign=top>
    <TD
    align=left><B>7</B>  </TD>
  <TD
    align=left><B>Sole Dispositive Power</B> <br>
  &nbsp; <br>
  670,579 </TD>
  </TR>

  <TR vAlign=top>
    <TD
    align=left><B>8</B>  </TD>
    <TD
    align=left><B>Shared Dispositive Power</B> <br>
    <br></TD>
  </TR>


  <TR>
    <TD
    vAlign=top><B>9</B> </TD>
    <TD colspan="3"><P
      align=justify><B>Aggregate Amount Beneficially Owned by Each Reporting
      Person</B><br>
      <br>
      670,579 <br>
    </P></TD></TR>

  <TR>
    <TD valign="top"><B>10</B> </TD>
    <TD colspan="3"><P
      align=justify><B>Check box if the aggregate amount in row (9) excludes
    certain shares (See Instructions)</B></P>
    <P align=justify>[ ]</P></TD></TR>

  <TR>
    <TD valign="top"><B>11</B> </TD>
    <TD colspan="3"><P
      align=justify><B>Percent of class represented by amount in row
    (9)</B></P>
    <P align=justify>5.8%</P></TD></TR>

  <TR>
    <TD valign="top"><B>12</B> </TD>
    <TD colspan="3"><P
      align=justify><B>Type of Reporting Person (See Instructions)</B></P>
    <P align=justify>PN</P></TD></TR>
</TABLE>
<P align=center>Page 2 of 5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify><B>Item 1. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a)</B> </TD>
    <TD>
      <P align=justify><B>Name of Issuer: Provident Financial Holdings,
      Inc</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(b)</B> </TD>
    <TD>
      <P align=justify><B>Address of Issuer&#146;s Principal Executive
      Offices:</B></P></TD></TR></TABLE>
<P align=justify><B>3756 Central Avenue, Riverside, California 92506 </B></P>
<P align=justify><B>Item 2. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a)</B> </TD>
    <TD>
      <P align=justify><B>Name of Person Filing: Raffles Associates,
    L.P.</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(b)</B> </TD>
    <TD>
      <P align=justify><B>Address of Principal Business Office or, if None,
      Residence: </B></P></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD><b>2 Penn Plaza, Suite 1920A, New York NY 10121</b></TD>
  </TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(c)</B> </TD>
    <TD>
      <P align=justify><B>Citizenship:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not
      applicable</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(d)</B> </TD>
    <TD>
      <P align=justify><B>Title and Class of Securities: Common
  Stock</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(e)</B> </TD>
    <TD>
      <P align=justify><B>CUSIP No.:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </B>743868101</P></TD></TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>
      <P align=justify><B>Item 3.</B> </P></TD>
    <TD align=left width="90%" >
      <P align=justify><B>If this statement is filed pursuant to &#167;&#167; 240.13d-1(b)
      or 240.13d-2(b) or (c), check whether the</B> <B>person filing is a:</B>
      </P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="10%"  >&nbsp;</TD>
    <TD align=left>(a) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>Broker or dealer registered under Section 15 of the Act;
      </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(b) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>Bank as defined in Section 3(a)(6) of the Act; </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(c) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>Insurance company as defined in Section 3(a)(19) of the
      Act; </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(d) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>Investment company registered under Section 8 of the
      Investment Company Act of 1940; </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(e) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>An investment adviser in accordance with Rule
      13d-1(b)(1)(ii)(E); </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(f) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>An employee benefit plan or endowment fund in accordance
      with Rule 13d-1(b)(1)(ii)(F); </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(g) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>A parent holding company or control person in accordance
      with Rule 13d-1(b)(1)(ii)(G); </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(h) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>A savings associations as defined in Section 3(b) of the
      Federal Deposit Insurance Act (12 U.S.C. 1813); </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(i) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>A church plan that is excluded from the definition of an
      investment company under section 3(c)(14) of the Investment Company Act of
      1940; </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(j) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>A non-U.S. institution in accordance with Rule
      240.13d-1(b)(1)(ii)(J); </P></TD></TR>
  <TR vAlign=top>
    <TD width="10%" >&nbsp;</TD>
    <TD align=left>(k) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="80%" >
      <P align=justify>Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If
      filing as a non-U.S. institution in accordance with Rule
      240.13d-1(b)(1)(ii)(J), please specify the type of institution:
  </P></TD></TR></TABLE>
<P align=center>Page 3 of 5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<A name=page_4></A>
<P align=justify><B>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ownership </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a)</B> </TD>
    <TD colSpan=2>
      <P align=justify><B>Amount Beneficially Owned: 670,579</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(b)</B> </TD>
    <TD colSpan=2>
      <P align=justify><B>Percent of Class: 5.8%</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(c)</B> </TD>
    <TD colSpan=2>
      <P align=justify><B>Number of shares as to which such person has:
    </B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%"><B>(i)</B> </TD>
    <TD>
      <P align=justify><B>Sole power to vote or to direct the
vote:</B> <B>670,579</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%"><B>(ii)</B> </TD>
    <TD>
      <P align=justify><B>Shared power to vote or to direct the vote:
    0</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%"><B>(iii)</B> </TD>
    <TD>
      <P align=justify><B>Sole power to dispose or to direct the disposition of:
      670,579</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD vAlign=top width="5%"><B>(iv)</B> </TD>
    <TD>
      <P align=justify><B>Shared power to dispose or to direct the disposition
      of: 0</B></P></TD></TR></TABLE>
<BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>5.</B> </TD>
    <TD align=left width="90%"><B>Ownership of Five Percent or Less of a
      Class.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="90%">
      <P align=justify>If this statement is being filed to report the fact that
      as of the date hereof the reporting person has ceased to be the beneficial
      owner of more than five percent of the class of securities, check the
      following [ ]. </P></TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>6.</B> </TD>
    <TD align=left width="90%"><B>Ownership of more than Five Percent on
      Behalf of Another Person.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>
      <P align=justify><B>Item</B> <B>7.</B> </P></TD>
    <TD align=left width="90%">
      <P align=justify><B>Identification and classification of the subsidiary
      which acquired the security being reported on</B> <B>by the parent holding
      company or control person.</B> </P></TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>8.</B> </TD>
    <TD align=left width="90%"><B>Identification and classification of members
      of the group.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>9.</B> </TD>
    <TD align=left width="90%"><B>Notice of Dissolution of Group.</B> </TD></TR>
  <TR>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>10.</B> </TD>
    <TD align=left width="90%"><B>Certifications.</B> </TD></TR></TABLE>
<P align=center>Page 4 of 5 </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<A name=page_5></A>
<P align=justify><B>SIGNATURE </B></P>
<P align=justify>After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct. </P>
<P align=justify>Dated: February 17, 2011</P>
<P style="MARGIN-LEFT: 45%" align=justify>RAFFLES ASSOCIATES, L.P. <BR>By:
RAFFLES CAPITAL ADVISORS, LLC, <BR>General Partner </P>
<P style="MARGIN-LEFT: 45%" align=justify>By: /s/ Paul H. O&#146;Leary <BR>Name: Paul
H. O&#146;Leary </P>
<P style="MARGIN-LEFT: 45%" align=justify>Title: Managing Member </P>
<P align=justify>The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If the statement
is signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature. </P>
<P align=justify><B>Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001). </B></P>
<P align=center>Page 5 of 5 </P>
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