PROV board fills Thomas vacancy, names Van Stockum chief lending officer
An 8-K filed July 23 puts PROV in focus: Provident Financial Holdings, Inc. moved to close a governance gap at its Riverside, California thrift, naming Donavon P. Ternes to the boards of both the holding company and Provident Savings Bank, F.S.B., filling the seat left open by the death of Director William E. Thomas in April 2026. The same filing names a new senior lending officer. The Corporation's 2027 Annual Meeting of Stockholders is the next fixed checkpoint on the governance calendar.
Key takeaways
- Provident Financial Holdings (NASDAQ: PROV) named Donavon P. Ternes to the boards of both the holding company and Provident Savings Bank, filling the seat left vacant by Director William E. Thomas, who died in April 2026, per an 8-K filed July 23.
- The Bank named Michael S. Van Stockum, 63, as Senior Vice President and Chief Lending Officer, effective July 23, 2026, in an internal appointment.
- Ternes has been President and CEO of both the Corporation and the Bank since January 2024, and his board appointment runs through the Bank's 2026 Annual Meeting and the Corporation's 2027 Annual Meeting.
- Van Stockum, who joined the Bank in 2007, brings more than 40 years of experience across commercial, multifamily, construction and SBA lending and credit management.
- The 8-K confirmed no family relationships between Van Stockum and any director or executive officer and no related-party transactions requiring SEC disclosure.
An 8-K filed July 23 puts PROV in focus: Provident Financial Holdings, Inc. moved to close a governance gap at its Riverside, California thrift, naming Donavon P. Ternes to the boards of both the holding company and Provident Savings Bank, F.S.B., filling the seat left open by the death of Director William E. Thomas in April 2026. The same filing names a new senior lending officer. The Corporation's 2027 Annual Meeting of Stockholders is the next fixed checkpoint on the governance calendar.
Ternes adds board seat to the CEO title he already holds
Ternes has served as President and Chief Executive Officer of both the Corporation and the Bank since January 2024. His history with the organization runs to November 2000, when he joined as Senior Vice President and Chief Financial Officer. Over the intervening years he moved through Chief Operating Officer and Corporate Secretary before reaching the top post. The board appointment carries through to the Corporation's 2027 Annual Meeting and to the Bank's 2026 Annual Meeting, the earlier of the two dates. Provident Financial Holdings is incorporated in Delaware and trades on the NASDAQ under the ticker PROV.
Van Stockum steps into the lending chair
The Bank separately named Michael S. Van Stockum, 63, as Senior Vice President and Chief Lending Officer, effective July 23, 2026. Van Stockum brings more than 40 years of experience across commercial, multifamily, construction and SBA lending, loan administration, underwriting, regulatory compliance and enterprise-level credit management. He is an internal appointment. Van Stockum joined the Bank in 2007 and held the title of Vice President, Commercial Real Estate Loan Administrator and Community Reinvestment Act Officer in his most recent role. The 8-K confirms no family relationships between Van Stockum and any director or executive officer, and no related-party transactions requiring SEC disclosure.
What to watch
The Bank's 2026 Annual Meeting of Stockholders is the nearer governance milestone, where Ternes's Bank board seat comes up first. The Corporation's 2027 Annual Meeting follows. Proxy filings ahead of each meeting are the next definitive documents in the setup for PROV governance watchers.
Related reading
Filed by the macro desk of MarketPR on July 24, 2026. Source: MarketPR. Indicative figures are not investment advice.