SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                                
                                
                            FORM 8-K
                                
                                
                                
        Current Report Pursuant to Section 13 or 15(d) of
               The Securities Exchange Act of 1934
                                
                                
                                
                Date of Report:  January 28, 1999
                                
                                
                                
                 Provident Financial Group, Inc.
                                
                                
                                
               Incorporated under the laws of Ohio
                                
                                
                                
Commission File No. 1-8019            IRS Employer Identification
                                                 No. 31-0982792


One East Fourth Street, Cincinnati, Ohio                  45202
(Address of Principal Executive Offices)               (Zip Code)


                         (513) 579-2000
      (Registrant's Telephone Number, Including Area Code)


Item 5.  Other Events

For  the nine months ended September 30, 1998 and the years ended
December  31,  1997  and  1996, Provident Financial  Group,  Inc.
changed the methodology used in the calculation of gains  on  its
securitizations of loans.  In 1997 and 1996, Provident  used  the
"cash-in"  method to calculate gains.  During the fourth  quarter
of  1998, the Financial Accounting Standards Board and Securities
and  Exchange Commission indicated that the "cash-out" method  is
the  only acceptable method to calculate gains.  Accordingly, the
change  in methodology increased previously reported nine  months
1998  net income by $1.2 million or 3 cents per share and reduced
1997  net income by $7.9 million or 18 cents per share to  $107.4
million  or $2.45 per share and reduced 1996 net income  by  $3.1
million or 7 cents per share to $78.1 million or $1.87 per share.
Provident will amend its Annual Report on Form 10-K for the  year
ended December 31, 1997, in connection with the restatement.


                           SIGNATURES
                                
     Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized.


                                  Provident Financial Group, Inc.




                                  /S/ Christopher J. Carey
                                  By:  Christopher J. Carey
                                  Executive Vice President and
                                  Chief Financial Officer


Signed:  January 28, 1999