Provident Community Bancshares (PCBS) SC 13D/A PROVIDENT COMMUNITY BANCSHARES / GENDELL JEFFREY L ET AL ownership change

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

SCHEDULE 13D/A*

(Rule 13d-101)

(Amendment No. 3)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

Provident Community Bancshares, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

74386S107

(CUSIP Number)

Jeffrey L. Gendell

55 Railroad Avenue, Suite 103,

Greenwich, Connecticut 06830

(203) 769-2000

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

April 15, 2009

(Date of Event which Requires

Filing of this Schedule)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D/A, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ]

NOTE:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

(Continued on following pages)

(Page 1 of 8 Pages)

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* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No.  74386S107   SCHEDULE 13D/A Page 2 of 8 Pages

1	NAME OF REPORTING PERSON I.R.S. INDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tontine Financial Partners, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*		(a) x (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS* WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)		¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER -0-
	8	SHARED VOTING POWER 34,273
	9	SOLE DISPOSITIVE POWER -0-
	10	SHARED DISPOSITIVE POWER 34,273
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 34,273
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*			¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) 1.91%
14	TYPE OF REPORTING PERSON* PN

CUSIP No.  74386S107   SCHEDULE 13D/A Page 3 of 8 Pages

1	NAME OF REPORTING PERSON I.R.S. INDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tontine Management, L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*		(a) x (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS* WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)		¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER -0-
	8	SHARED VOTING POWER 34,273
	9	SOLE DISPOSITIVE POWER -0-
	10	SHARED DISPOSITIVE POWER 34,273
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 34,273
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*			¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) 1.91%
14	TYPE OF REPORTING PERSON* OO

CUSIP No.  74386S107   SCHEDULE 13D/A Page 4 of 8 Pages

1	NAME OF REPORTING PERSON I.R.S. INDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jeffrey L. Gendell
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*		(a) x (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS** OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)		¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER -0-
	8	SHARED VOTING POWER 34,273
	9	SOLE DISPOSITIVE POWER -0-
	10	SHARED DISPOSITIVE POWER 34,273
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 34,273
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*			¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) 1.91%
14	TYPE OF REPORTING PERSON* IN

CUSIP No.  74386S107   SCHEDULE 13D/A Page 5 of 8 Pages

Item 1. SECURITY AND ISSUER.

This Schedule 13D/A (this “Amendment No. 3”) amends the Schedule 13D originally filed on February 25, 2002 relating to the shares of common stock, par value $0.01 (the "Common Stock") of Provident Community Bancshares, Inc. (the "Company") (the “Original Schedule 13D”) as previously amended by Amendment No. 1, filed on January 13, 2003 and by Amendment No. 2, filed on January 9, 2004. The Company’s principal executive offices are located at 2700 Celanese Road, Rock Hill, South Carolina 29732. The Original Schedule 13D, as further amended by Amendment No. 1, Amendment No. 2 and this Amendment No. 3, is hereinafter referred to as the "Schedule 13D".  Capitalized terms used herein and not otherwise defined in this Amendment No. 3 have the meanings set forth in the Original Schedule 13D, Amendment No. 1 or Amendment No. 2.  This Amendment No. 3 amends Item 5 of the Schedule 13D as set forth below.  This is the final amendment to the Schedule 13D and constitutes an “exit filing” for the Reporting Persons.

Item 5. INTEREST IN SECURITIES OF THE ISSUER.

A.	Tontine Financial Partners, L.P.
	(a)	Aggregate number of shares beneficially owned: 34,273
		Percentage:  1.91%   The percentages used herein and in the rest of Item 5 are calculated based upon the 1,790,599 shares of Common Stock issued and outstanding as of May 2, 2011, as reflected in the Company's Form 10-Q for the fiscal year ended March 31, 2011.
	(b)	1.	Sole power to vote or direct the vote:  -0-
		2.	Shared power to vote or direct the vote:  34,273
		3.	Sole power to dispose or direct the disposition:  -0-
		4.	Shared power to dispose or direct the disposition of:  34,273
	(c)	The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by TFP in the Common Stock within the last sixty days, which were all in the open market, are set forth in Schedule A and are incorporated by reference.
	(d)	TM, the general partner of TFP, has the power to direct the affairs of TFP, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares. Mr. Gendell is the managing member of TM and in that capacity directs its operations.
	(e)	November 30, 2010.

CUSIP No.  74386S107   SCHEDULE 13D/A Page 6 of 8 Pages

B.	Tontine Management, L.L.C.
	(a)	Aggregate number of shares beneficially owned: 34,273
		Percentage:  1.91%
	(b)	1.	Sole power to vote or direct the vote:  -0-
		2.	Shared power to vote or direct the vote:  34,273
		3.	Sole power to dispose or direct the disposition:  -0-
		4.	Shared power to dispose or direct the disposition of:  34,273
	(c)	TM did not enter into any transactions in the Common Stock of the Company within the last sixty days. The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions in the Common Stock within the last sixty days on behalf of TFP, which were all in the open market, are set forth in Schedule A, and are incorporated by reference.
	(d)	Mr. Gendell is the managing member of TM and in that capacity directs its operations.
	(e)	November 30, 2010.

C.	Jeffrey L. Gendell
	(a)	Aggregate number of shares beneficially owned: 34,273
		Percentage:   1.91%
	(b)	1.	Sole power to vote or direct the vote:  -0-
		2.	Shared power to vote or direct the vote:  34,273
		3.	Sole power to dispose or direct the disposition:  -0-
		4.	Shared power to dispose or direct the disposition of:  34,273
	(c)	Mr. Gendell did not enter into any transactions in the Common Stock of the Company within the last sixty days. The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions in the Common Stock within the last sixty days on behalf of TFP, which were all in the open market, are set forth in Schedule A, and are incorporated by reference.
	(d)	Not applicable.
	(e)	November 30, 2010.

CUSIP No.  74386S107   SCHEDULE 13D/A Page 7 of 8 Pages

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated:  July 1, 2011

JEFFREY L. GENDELL
/s/ Jeffrey L. Gendell
TONTINE MANAGEMENT, L.L.C.
By:	Jeffrey L. Gendell, its managing member
/s/ Jeffrey L. Gendell
TONTINE FINANCIAL PARTNERS, L.P.
By:	Tontine Management, L.L.C., its general partner
By:	Jeffrey L. Gendell, its managing member
/s/ Jeffrey L. Gendell

CUSIP No.  74386S107   SCHEDULE 13D/A Page 8 of 8 Pages

Schedule A

Tontine Financial Partners, L.P.

		Price Per Share
Date of	Number of Shares	(including commissions,
Transaction	Purchased/(Sold)	if any)
05/04/2011	(5,435)	$0.69
05/05/2011	(2,500)	$0.97
05/20/2011	(5,900)	$0.85
05/24/2011	(6,653)	$0.67
06/03/2011	(3,300)	$0.65
06/07/2011	(6,104)	$0.55
06/08/2011	(4,800)	$0.50
06/09/2011	(2,000)	$0.52
06/14/2011	(1,500)	$0.54
06/24/2011	(4,000)	$0.50