ILC Establishes Specialized Energy Financing Group

Four New Associates to form PFG Energy Capital, expanding financial

solutions to energy industry



Apr 16, 2001, 01:00 ET from Provident Financial Group, Inc.

    CINCINNATI, April 16 /PRNewswire/ -- Provident Bank and its subsidiary
 Information Leasing Corporation (ILC) announced today the establishment of PFG
 Energy Capital, a specialized energy financing group.  This new business unit
 will provide creative and unique financing solutions to energy
 management/efficiency equipment and systems vendors along with vendors of
 distributed generation equipment. With the combined business support and
 financial strength of ILC and Provident, PFG Energy Capital will be a powerful
 financial solutions provider in the energy industry.
     Additionally, ILC has added four new associates to lead this new business,
 joining PFG Energy Capital from the federal and commercial leasing division of
 Academic Capital Group, Inc.
 
     * William J. Garnett, Senior Vice President
     * Henry K. Lee, Vice President
     * Britta S. Bucholz, Sales Assistant
     * Ricardo Gonzales, Sales Assistant
 
     PFG Energy Capital offers creative and unique financial solutions for all
 types of energy-related and environmental projects throughout the United
 States.  Financing is provided for small and medium sized businesses, as well
 as for large corporations. Commercial businesses are constantly striving to
 improve their operating efficiency by reducing their operating costs. Energy
 conservation projects that reduce utility and maintenance expenses combined
 with specialized financing allow commercial and corporate entities to achieve
 this goal without a substantial capital investment. The management of this
 group has provided financing for countless energy-related projects of all
 sizes for commercial businesses and federal, state and local governments
 throughout the United States and abroad. PFG Energy Capital will be based in
 Pasadena, CA.
     Mr. Garnett indicated, "Our new affiliation with ILC and Provident gives
 us the financial support necessary to expand our presence in an industry
 experiencing exponential growth nationwide. The current energy crisis in the
 western United States has heightened the country's awareness that energy
 conservation and efficiency are of the utmost importance. By providing
 creative financing solutions to our clients, we can help reduce the demand for
 energy consumption."
     Vincent Rinaldi, President, ILC, stated, "Due to the unique nature of the
 energy industry, the selection of a potential business partner is extremely
 important. The combination of activities between ILC, Provident and our very
 experienced personnel will provide the consistency and depth of service that
 our clients have come to expect from ILC. We are confident our customers will
 enjoy a positive experience in dealing with our new capabilities and we are
 excited about our new direction."
 
     About Information Leasing Corporation & The Provident Bank
     Information Leasing Corporation, a small to mid-ticket equipment leasing
 company, is a wholly-owned subsidiary of The Provident Bank. The Provident
 Bank is the main subsidiary of Provident Financial Group, Inc. (Nasdaq:   PFGI),
 a Cincinnati-based company with $13.9 billion in on-balance sheet assets and
 $19.6 billion in managed assets. The Provident Bank provides full-service
 retail and commercial banking operations regionally and nationally. Additional
 company information is available at www.ilcinc.com and
 www.provident-bank.com .
 
 

SOURCE Provident Financial Group, Inc.
    CINCINNATI, April 16 /PRNewswire/ -- Provident Bank and its subsidiary
 Information Leasing Corporation (ILC) announced today the establishment of PFG
 Energy Capital, a specialized energy financing group.  This new business unit
 will provide creative and unique financing solutions to energy
 management/efficiency equipment and systems vendors along with vendors of
 distributed generation equipment. With the combined business support and
 financial strength of ILC and Provident, PFG Energy Capital will be a powerful
 financial solutions provider in the energy industry.
     Additionally, ILC has added four new associates to lead this new business,
 joining PFG Energy Capital from the federal and commercial leasing division of
 Academic Capital Group, Inc.
 
     * William J. Garnett, Senior Vice President
     * Henry K. Lee, Vice President
     * Britta S. Bucholz, Sales Assistant
     * Ricardo Gonzales, Sales Assistant
 
     PFG Energy Capital offers creative and unique financial solutions for all
 types of energy-related and environmental projects throughout the United
 States.  Financing is provided for small and medium sized businesses, as well
 as for large corporations. Commercial businesses are constantly striving to
 improve their operating efficiency by reducing their operating costs. Energy
 conservation projects that reduce utility and maintenance expenses combined
 with specialized financing allow commercial and corporate entities to achieve
 this goal without a substantial capital investment. The management of this
 group has provided financing for countless energy-related projects of all
 sizes for commercial businesses and federal, state and local governments
 throughout the United States and abroad. PFG Energy Capital will be based in
 Pasadena, CA.
     Mr. Garnett indicated, "Our new affiliation with ILC and Provident gives
 us the financial support necessary to expand our presence in an industry
 experiencing exponential growth nationwide. The current energy crisis in the
 western United States has heightened the country's awareness that energy
 conservation and efficiency are of the utmost importance. By providing
 creative financing solutions to our clients, we can help reduce the demand for
 energy consumption."
     Vincent Rinaldi, President, ILC, stated, "Due to the unique nature of the
 energy industry, the selection of a potential business partner is extremely
 important. The combination of activities between ILC, Provident and our very
 experienced personnel will provide the consistency and depth of service that
 our clients have come to expect from ILC. We are confident our customers will
 enjoy a positive experience in dealing with our new capabilities and we are
 excited about our new direction."
 
     About Information Leasing Corporation & The Provident Bank
     Information Leasing Corporation, a small to mid-ticket equipment leasing
 company, is a wholly-owned subsidiary of The Provident Bank. The Provident
 Bank is the main subsidiary of Provident Financial Group, Inc. (Nasdaq:   PFGI),
 a Cincinnati-based company with $13.9 billion in on-balance sheet assets and
 $19.6 billion in managed assets. The Provident Bank provides full-service
 retail and commercial banking operations regionally and nationally. Additional
 company information is available at www.ilcinc.com and
 www.provident-bank.com .
 
 SOURCE  Provident Financial Group, Inc.

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