**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**FORM      10-QSB**

**For      the quarterly period ended September 30, 2007**

**Commission      file number **
**333-141191      **

**PRO      FINANCIAL HOLDINGS, INC.**

**(Exact      Name of Small Business Issuer as Specified in Its      Charter)**

| Florida                                                      |       | 20-4625845                                                                  |
|--------------------------------------------------------------|------------|-----------------------------------------------------------------------------|
| **(State                or Other Jurisdiction**              | ** ** | **(I.R.S.                Employer Identification                No.)** |
| **of                Incorporation or Organization)**         | ** ** | ** **                                                                  |
|                                                         |       |                                                                        |
| 536                North Monroe Street, Tallahassee, Florida |       | 32301                                                                       |
| **(Address                of Principal Executive Offices)**  | ** ** | **(Zip                Code)**                                               |

**Registrant's      Telephone Number, Including Area Code**

**Former      Name, Former Address and Former Fiscal Year, if Changed Since Last      Report.**

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**PRO      FINANCIAL HOLDINGS, INC. **

|                                                                                                                                                                                | **Page** |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
| **Part                I. FINANCIAL INFORMATION**                                                                                                                               |     |
|                                                                                                                                                                                |     |
| **Item                1. Financial Statements**                                                                                                                                |     |
|                                                                                                                                                                                |     |
| Balance                Sheets at September 30, 2007 (Unaudited) and at December 31,                2006                                                                             | 3        |
|                                                                                                                                                                                |     |
| Statements                of Operations (Unaudited) Three months ended September 30, 2007 and                2006                                                                   | 4        |
|                                                                                                                                                                                |     |
| Statements                of Stockholders' Equity (Unaudited) -                                                                                                                     |     |
| Three                months ended September 30, 2007 and 2006                                                                                                                       | 5        |
|                                                                                                                                                                                |     |
| Statements                of Cash Flows (Unaudited) Three months ended September 30, 2007 and                2006                                                                   | 6        |
|                                                                                                                                                                                |     |
| Notes                to Condensed Consolidated Financial Statements (Unaudited)                                                                                                     | 7-8      |
|                                                                                                                                                                                |     |
| Review                by Independent Registered Public Accounting Firm                                                                                                              | 9        |
|                                                                                                                                                                                |     |
| Report                of Independent Registered Public Accounting Firm                                                                                                              | 10       |
|                                                                                                                                                                                |     |
| **Item                2. Management's Discussion and Analysis**                                                                                                                | 12       |
|                                                                                                                                                                                |     |
| **Item                3. Controls and Procedures**                                                                                                                                  | 14       |
|                                                                                                                                                                                |     |
| **Part                II. OTHER INFORMATION**                                                                                                                                  |     |
|                                                                                                                                                                                |     |
| **Item                1.** **Legal                Proceedings**                                                                                                                | 14       |
|                                                                                                                                                                                |     |
| **Item                2.** **Unregistered                Sales of Equity Securities, Use of Proceeds and Issuer Purchases                of Equity                Securities** | 14       |
|                                                                                                                                                                                |     |
| **Item                3.** **Defaults                upon Senior Securities**                                                                                                  | 14       |
|                                                                                                                                                                                |     |
| **Item                4.** **Submission                of Matters to a Vote of Security Holders**                                                                              | 14       |
|                                                                                                                                                                                |     |
| **Item                5.** **Other                Information**                                                                                                                | 14       |
|                                                                                                                                                                                |     |
| **Item                6. Exhibits**                                                                                                                                                 | 15       |
|                                                                                                                                                                                |     |
| **SIGNATURES**                                                                                                                                                                      | 15       |

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**Part      I. FINANCIAL INFORMATION**

**PRO      FINANCIAL HOLDINGS, INC.**

|                                                    |   | At                 |       | At                |   |
|---------------------------------------------------------|--------|--------------------|------------|-------------------|--------|
|                                                    |   | September 30, |       | December 31, |   |
|                                                    |   | 2007               |       | 2006              |   |
|                                                    |   | (Unaudited)        |       |              |   |
|                                                    |   |               |       |              |   |
| Assets:                                                 |   |               |       |              |   |
| Cash                and due from banks                  |   | $                  | 2,785,434  |              | $      | 31,138 |   |
| Federal                funds sold                       |   |               |       |              |   | 11,013,600 |   |
| Investments                                             |   |               | 1,633,912  |              |   | 325,000 |   |
| Loans                                                   |   |               | 74,028     |              |   |   |   |
| Furniture                and equipment                  |   |               | 827,414    |              |   | 17,626 |   |
| Other                assets                             |   |               | 471,076    |              |   | 8,839 |   |
|                                                    |   | $                  | 16,805,464 |              | $      | 382,603 |   |
|                                                    |   |               |       |              |   |   |   |
| Liabilities:                                            |   |               |       |              |   |   |   |
| Deposits                                                |   | $                  | 4,759,825  |              | $      |  |   |
| Accrued                expenses and other liabilities   |   |               | 37,274     |              |   | 11,507 |   |
| Notes                payable                            |   |               |       |              |   | 508,208 |   |
|                                                    |   |               | 4,797,099  |              |   | 519,715 |   |
|                                                    |   |               |       |              |   |   |   |
| Stockholders’                equity/deficit:      |   |               |       |              |   |   |   |
| Preferred                stock; no par value:           |   |               |       |              |   |   |   |
| Authorized:                1,000,000 shares             |   |               |       |              |   | 100,000 |   |
| Common                stock; $.01 par value:            |   |               |       |              |   |   |   |
| Authorized:                9,000,000 shares             |   |               |       |              |   |   |   |
| Issued                and outstanding: 1,267,500 shares |   |               |       |              |   | 12,675 |   |
| Additional                paid-in capital               |   |               | 12,620,632 |              |   |   |   |
| Accumulated                deficit                      |   |               | (624,942   | )                 |   | (237,112 | ) |
| Total                equity                             |   |               | 12,008,365 |              |   | (137,112 | ) |
| Total                liabilities & Equity           |   | $                  | 16,805,464 |              | $      | 382,603 |   |

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**PRO      FINANCIAL HOLDINGS, INC.**

**Statements      of Operations (Unaudited)**

|                                                   |   | Three Months Ended |     | Nine Months Ended |   |
|--------------------------------------------------------|--------|------------------------------|----------|-----------------------------|--------|
|                                                   |   | September 30,           |     | September 30,          |   |
|                                                   |   | 2007                         |     | 2006                        |   | 2007 |   | 2006 |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |
| Interest                income:                        |   |                         |     |                        |   |   |   |   |   |
| Loans                                                  |   | $                            | 161      |                        | $      |   |   | $ | 161 |   | $ |  |   |
| Federal                funds sold                      |   |                         | 131,517  |                        |   |   |   |   | 131,517 |   |   |   |   |
|                                                   |   |                         | 131,678  |                        |   |   |   |   | 131,678 |   |   |   |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Interest                expense:                       |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Interest                on deposits                    |   |                         | 7,371    |                        |   |   |   |   | 7,371 |   |   |   |   |
| Interest                on other borrowed funds        |   |                         | 22,412   |                        |   |   |   |   | 33,021 |   |   |   |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Total                interest expense                  |   |                         | 29,783   |                        |   |   |   |   | 40,392 |   |   |   |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Net                interest income                     |   |                         | 101,895  |                        |   |   |   |   | 91,286 |   |   |   |   |
| Provision                for loan losses               |   |                         | 940      |                        |   |   |   |   | 940 |   |   |   |   |
| Net                interest income after loan losses   |   |                         | 100,955  |                        |   |   |   |   | 90,346 |   |   |   |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Other                income                            |   |                         | 67       |                        |   |   |   |   | 6,478 |   |   |   |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Other                expenses:                         |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Salaries                and employee benefits          |   |                         | 220,605  |                        |   |   |   |   | 517,140 |   |   |   |   |
| Occupancy                expense                       |   |                         | 48,364   |                        |   |   |   |   | 120,244 |   |   |   |   |
| Other                                                  |   |                         | 99,601   |                        |   | 92,479 |   |   | 214,300 |   |   | 141,084 |   |
| Total                other expenses                    |   |                         | 368,570  |                        |   | 92,479 |   |   | 851,684 |   |   | 141,084 |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Loss                before income taxes                |   |                         | (267,548 | )                           |   |   |   |   | (754,860 | ) |   |   |   |
| Income                taxes (benefit)                  |   |                         | (367,030 | )                           |   |   |   |   | (367,030 | ) |   |   |   |
| Net                income                              |   | $                            | 99,482   |                        | $      | (92,479 | ) | $ | (387,830 | ) | $ | (141,084 | ) |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
|                                                   |   |                         |     |                        |   |   |   |   |   |   |   |   |   |
| Basic                net loss per share                |   |                         |     |                        |   |   |   | $ | (.31 | ) |   |   |   |
| Basic                average common shares outstanding |   |                         |     |                        |   |   |   |   | 93,888* |   |   |   |   |

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**PRO      FINANCIAL HOLDINGS, INC.**

**Statements      of Changes in Stockholders’ Equity (Unaudited)**

**Nine      Months Ended September 30, 2007 and Period from**

**March      29, 2006 (Date of Incorporation) to December 31, 2006**

|                                         |   |   |   | Additional |   |       |   |        |     | Total               |   |
|----------------------------------------------|--------|--------|--------|------------|--------|------------|--------|-------------|----------|---------------------|--------|
|                                         |   | Common |   | Paid-in    |   | Preferred  |   | Accumulated |     | Stockholders’ |   |
|                                         |   | Stock  |   | Capital    |   | Stock      |   | Deficit     |     | Equity              |   |
|                                         |   |   |   |       |   |       |   |        |     |                |   |
| Issuance                of preferred stock   |   | $      |   |       | $      |       |   | $           | 100,000  |                | $      |   |   | $ | 100,000 |   |
| Net                loss                      |   |   |   |       |   |       |   |        |     |                |   | (237,112 | ) |   | (237,112 | ) |
| Balance,                December 31, 2006    |   |   |   |       |   |       |   |        | 100,000  |                |   | (237,112 | ) |   | (137,112 | ) |
| Net                loss                      |   |   |   |       |   |       |   |        |     |                |   | (387,830 | ) |   | (387,830 | ) |
| Issuance                of preferred stock   |   |   |   |       |   |       |   |        | 350,000  |                |   |   |   |   | 350,000 |   |
| Issuance                of common stock      |   |   | 12,675 |       |   | 12,620,632 |   |        |     |                |   |   |   |   | 12,633,307 |   |
| Retirement                of preferred stock |   |   |   |       |   |       |   |        | (450,000 | )                   |   |   |   |   | (450,000 | ) |
| Balance,                September 30, 2007   |   | $      | 12,675 |       | $      | 12,620,632 |   | $           | -        |                | $      | (624,942 | ) | $ | 12,008,365 |   |

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**PRO      FINANCIAL HOLDINGS, INC.**

|                                                                                                                                             |   | Nine Months Ended |       |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|------------|
|                                                                                                                                             |   | September 30,          |       |
|                                                                                                                                             |   | 2007                        |       | 2006 |   |
|                                                                                                                                             |   |                        |       |   |   |
| Cash                flows used in organizational activities during the development stage                and                operating activities: |   |                        |       |   |   |
| Net                loss                                                                                                                          |   | $                           | (387,830   | ) | $ | (141,084 | ) |
| Changes                in:                                                                                                                       |   |                        |       |   |   |   |   |
| Other                assets                                                                                                                      |   |                        | (462,237   | ) |   | (8,306 | ) |
| Accrued                expenses                                                                                                                  |   |                        | 25,767     |   |   | 10,554 |   |
| Cash                flows used in organizational and operating activities                                                                        |   |                        | (824,300   | ) |   | (138,836 | ) |
|                                                                                                                                             |   |                        |       |   |   |   |   |
| Cash                flows used in investing activities:                                                                                          |   |                        |       |   |   |   |   |
| Purchase                of furniture and equipment                                                                                               |   |                        | (809,788   | ) |   | (12,485 | ) |
| Purchase                of securities                                                                                                            |   |                        | (1,308,912 | ) |   |   |   |
| Loans                made to customers net of principal collections                                                                              |   |                        | (74,029    | ) |   |    |   |
| Cash                flows used in investing activities                                                                                           |   |                        | (2,192,728 | ) |   | (12,485 | ) |
|                                                                                                                                             |   |                        |       |   |   |   |   |
| Cash                flows from financing activities:                                                                                             |   |                        |       |   |   |   |   |
| Net                increase in deposits                                                                                                          |   |                        | 4,759,825  |   |   |   |   |
| Note                payable                                                                                                                      |   |                        | 1,032,812  |   |   | 58,278 |   |
| Principal                reduction of notes payable                                                                                              |   |                        |       |   |   | (1,541,020 | ) |
| Issuance                of preferred stock                                                                                                       |   |                        | 350,000    |   |   | 120,000 |   |
| Retirement                of preferred stock                                                                                                     |   |                        |       |   |   | (450,000 | ) |
| Issuance                of common stock                                                                                                          |   |                        | 12,633,307 |   |   |   |   |
| Cash                provided by financing activities                                                                                             |   |                        | 16,784,924 |   |   | 178,278 |   |
| Net                increase in cash and cash equivalents                                                                                         |   |                        | 13,767,896 |   |   | 26,957 |   |
| Cash                and cash equivalents at beginning of period                                                                                  |   |                        | 31,138     |   |   | - |   |
| Cash                and cash equivalents at end of period                                                                                        |   | $                           | 13,799,034 |   | $ | 26,957 |   |

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**PRO      FINANCIAL HOLDINGS, INC.**

**Notes      to Condensed Financial Statements (Unaudited)**

**BASIS      OF PRESENTATION**

**INVESTMENTS**

**NOTES      PAYABLE**

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**PRO        FINANCIAL HOLDINGS, INC.**

**Notes        to Condensed Consolidated Financial Statements (Unaudited)**

**CAPITAL      STOCK**

*Preferred      Stock*

**INCOME      TAXES**

**DEVELOPMENT      STAGE OPERATIONS**

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**PRO      FINANCIAL HOLDINGS, INC.**

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**Report      of Independent Registered Public Accounting Firm**

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**PRO      FINANCIAL HOLDINGS, INC.**

**Item      3. Controls and Procedures**

|   | a. | Evaluation                of disclosure controls and procedures.                The Company maintains controls and procedures designed to ensure                that                information required to be disclosed in the reports that the Company                files                or submits under the Securities Exchange Act of 1934 is recorded,                processed, summarized and reported within the time periods specified                in                the rules and forms of the Securities and Exchange Commission. As                required                by Rule 13a-15(b) under the Exchange Act, our Chief Executive Officer                who                is also our Chief Financial Officer carried out an evaluation of                the                effectiveness of the design and operation of our disclosure controls                and                procedures as of the end of the period covered by this report. The                Company’s Chief Executive Officer has concluded that the Company’s                disclosure controls and procedures, as of September 30, 2007 were                effective. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Changes                in internal controls.                The Company made no changes in its internal control over financial                reporting that occurred during the Company’s last fiscal quarter that has                materially affected, or which is reasonably likely to materially                affect                the Company’s internal control over financial                reporting. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**PART      II - OTHER INFORMATION**

| **Item                1.** |   | **Legal                Proceedings** |
|----------------------------|--------|--------------------------------------|

| **Item                2.** |   | **Unregistered                Sales of Equity Securities, Use of Proceeds and Issuer Purchases                of Equity                Securities** |
|----------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| **Item                3.** |   | **Defaults                upon Senior Securities** |
|----------------------------|--------|----------------------------------------------------|

| **Item                4.** |   | **Submission                of Matters to a Vote of Security                Holders** |
|----------------------------|--------|---------------------------------------------------------------------------------------|

| **Item                5.** |   | **Other                Information** |
|----------------------------|--------|--------------------------------------|

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**PRO      FINANCIAL HOLDINGS, INC. **

**Item      6.**
**Exhibits**

| **Exhibit No.** |      | **Description of Exhibit**                                                                                                                              |
|----------------------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 |      |                                                                                                                                                              |
| 3.1                  | (a)       |  Articles                of Incorporation                                                                                                                    |
| 3.2                  | (a)       | Bylaws                                                                                                                                                            |
| 4.1                  | (a)       | Specimen                Common Stock Certificate                                                                                                                  |
| 4.2                  | (a)       | Form                of Warrant Plan                                                                                                                               |
| 4.3                  | (a)  | Specimen                Warrant Certificate                                                                                                                       |
| 10.1                 | (a)       | Form                of Employment Agreement with B. Bryan Robinson                                                                                                |
| 10.2                 | (a)       | Form                of 2007 Employee Stock Option Plan                                                                                                            |
| 10.3                 | (a)       | Form                of 2007 Director Stock Option Plan                                                                                                            |
| 10.4                 | (a)       | Copy                of Main Office Lease                                                                                                                          |
| 31.1                 |      | Certification                Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - President                and                Principal Accounting Officer |
| 32.1                 |      | Certification                Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 - President                and                Principal Accounting Officer |

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**PRO      FINANCIAL HOLDINGS, INC**

**SIGNATURES**

|         |                                                   |                                                                                     |
|--------------|--------------------------------------------------------|------------------------------------------------------------------------------------------|
|         | PRO              FINANCIAL              HOLDINGS, INC. |
|    |                                              |                                                                                |
|         | By:                                          | /s/              *B.              Bryan Robinson*                                        |
|         |                                                   |                                                                                          |
|         | Name:                                                  | B.              Bryan Robinson President and Principal                Accounting Officer |

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