Provident Financial Holdings in Riverside, Calif., will record a nearly $3 million charge in its fiscal first quarter tied to a legal settlement.

The $1.2 billion-asset company disclosed in a regulatory filing Friday that it recently agreed to settle a lawsuit filed in 2015 that accused its bank of not paying for overtime or reimbursing for business costs, among other things.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.