RIVERSIDE, Calif., Dec. 15, 2015 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc., (NASDAQ:PROV), the holding company for Provident Savings Bank, F.S.B., today announced that Craig G. Blunden, Chairman and Chief Executive Officer, has been re-elected to the Board of Directors of the Federal Home Loan Bank of San Francisco (“FHLB - SF”). Mr. Blunden will serve a four-year term beginning January 1, 2016 and ending December 31, 2019. Directors are elected by the member financial institutions of the FHLB - SF.
The FHLB - SF is a cooperative, wholesale bank that helps meet community credit needs by providing readily available, competitively priced credit products and services to member financial institutions. Members include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies and community development financial institutions headquartered in Arizona, California, and Nevada. Congress established the Federal Home Loan Bank System in 1932 to promote residential housing finance nationwide and is regulated by the Federal Housing Finance Agency, an independent federal agency in the executive branch of the U.S. government.