Management ChangeJul 24, 2026, 10:17 AM
Provident Financial Appoints Donavon Ternes to Boards, Michael Van Stockum SVP
AI Summary
Provident Financial Holdings, Inc. announced the appointment of Donavon P. Ternes to the Boards of Directors of both the Corporation and Provident Savings Bank, F.S.B., effective July 23, 2026. Mr. Ternes, who is currently the President and CEO, will fill vacancies created by a director's passing. Additionally, Michael S. Van Stockum was appointed Senior Vice President and Chief Lending Officer of the Bank, bringing over 40 years of lending experience to the role.
Key Highlights
- Donavon P. Ternes appointed to Boards of Directors of Corporation and Bank, effective July 23, 2026.
- Mr. Ternes fills vacancies resulting from the death of Director William E. Thomas.
- Mr. Ternes will serve until the Corporation’s 2027 Annual Meeting and the Bank’s 2026 Annual Meeting.
- Mr. Ternes has been President and CEO since January 2024 and joined in November 2000.
- Michael S. Van Stockum appointed Senior Vice President and Chief Lending Officer of the Bank, effective July 23, 2026.
- Mr. Van Stockum, age 63, has over 40 years of lending experience.
- Mr. Van Stockum joined the Bank in 2007 and previously served as Vice President, Commercial Real Estate Loan Administrator.
Price Impact
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