EXHIBIT 10:


A  one  year  consulting arrangement was orally entered  into  between
Provident  Financial  Group, Inc. and its former President  and  Chief
Executive  Officer, Allen L. Davis. Under the arrangement,  Mr.  Davis
will  be  available  for consultation as reasonably  required  by  the
Company  to  assure a seamless transition of management  and  to  take
advantage of Mr. Davis' extensive banking experience. As compensation,
for  such  an  arrangement,  Mr. Davis will  receive  compensation  of
$1  million, payable quarterly in arrears in Company stock or cash  at
the discretion of the Company.