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NewsMacro · PROV

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…

By Grant HalloranMacro DeskJuly 24, 20262 min readPROV
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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.
About this story

Filed by the macro desk of MarketPR on July 24, 2026. Source: sec.gov. Indicative figures are not investment advice.

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Frequently asked

Who is replacing William E. Thomas on the PROV board?

Donavon P. Ternes was named to the boards of both Provident Financial Holdings and Provident Savings Bank to fill the vacancy created by Director William E. Thomas's death in April 2026.

Who is the new chief lending officer at Provident Savings Bank?

Michael S. Van Stockum, 63, was named Senior Vice President and Chief Lending Officer, effective July 23, 2026, as an internal promotion.

What is Donavon Ternes's history with the company?

Ternes joined in November 2000 as Senior Vice President and Chief Financial Officer, moved through Chief Operating Officer and Corporate Secretary roles, and has been President and CEO of the Corporation and Bank since January 2024.

What are the next governance milestones for PROV?

The Bank's 2026 Annual Meeting of Stockholders is the nearer milestone, followed by the Corporation's 2027 Annual Meeting, with proxy filings ahead of each being the next definitive documents.

Where is Provident Financial Holdings based and where does it trade?

It is a Delaware-incorporated thrift holding company based in Riverside, California, and trades on the NASDAQ under the ticker PROV.