NEW YORK (AP) - Provident Financial Holdings Inc., which operates about 13 banks in California, said Friday it has closed its Provident Bank Mortgage loan production office in Vista, Calif., effective today.
In a filing with the Securities and Exchange Commission, the Riverside, Calif.-based company said one-time charges associated with the closure will be immaterial.
Provident estimated future cost savings of about $25,500 per month beginning Oct. 1.
Company officials weren't immediately available to disclose information about potential layoffs.
Provident shares jumped $1.37, or 6.3 percent, to close at $23.24, but fell $1.22, or 5.3 percent, to $22.02 in aftermarket activity.
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