Capital Corporation & Provident Financial Group, Inc. Confirm Cash Payment on Income PRIDES(SM)

Capital Corporation & Provident Financial Group, Inc. Confirm
Cash Payment on Income PRIDES(SM)
Capital Corporation Announces Financial Results for the Quarter Ended March 31,
2004 


CINCINNATI, April 22  /PRNewswire-FirstCall/ -- PFGI Capital Corporation and
Provident Financial Group, Inc.  announced that the scheduled cash payment on
their Income PRIDES(SM)  security will be paid on May 17, 2004. The
distribution, accruing from February 18, 2004 through May 17, 2004, is payable
to holders of record on May 1, 2004, at a rate of $0.5625 per each Income
PRIDES(SM) held.

PFGI Capital Corporation also announced financial results for the first quarter
ended March 31, 2004. Net income was $3.5 million, interest on loan
participations was $3.7 million, and non-interest expenses, including loan
servicing and management fees, totaled $0.2 million. This compares with net
income of $4.0 million, interest on loan participations of $4.2 million, and
non-interest expenses, including loan servicing and management fees, of $0.2
million for the 2003's first quarter.

At March 31, 2004, there were no non-performing assets or impaired loans,
commercial loan participations totaled $324.9 million, and the reserve for loan
participation losses was $1.6 million. At March 31, 2004, total shareholders'
equity was $332.9 million and total assets were $335.7 million.

About PFGI Capital Corporation

PFGI Capital Corporation is a Maryland corporation formed as a real estate
investment trust for federal income tax purposes. The principal business
objective is to acquire, hold, and manage commercial mortgage loan assets and
other authorized investments that will generate net income for distribution to
PFGI Capital Corporation shareholders.

About Provident Financial Group, Inc.

Provident Financial Group, Inc. is a bank holding company located in
Cincinnati, Ohio. Its main subsidiary, The Provident Bank, provides a diverse
line of banking and financial products, services and solutions through retail
banking offices located in Southwestern Ohio and Northern Kentucky, and through
commercial lending offices located throughout Ohio and surrounding states. At
March 31, 2004, Provident Financial Group had $8.9 billion in loans
outstanding, $9.9 billion in deposits, and assets of $16.7 billion. On February
17, 2004, Provident Financial Group and National City Corporation (NYSE:NCC)
announced that they had signed a definitive agreement for National City to
acquire Provident. The transaction is expected close by the end of the second
quarter.

    For further information, please contact
    Patricia Forsythe
    Provident Financial Group /PFGI Capital Corporation Investor Relations
    1-800-851-9521 or 1-513-345-7165
    e-mail: 

DATASOURCE: Provident Financial Group, Inc.



CONTACT:  Patricia Forsythe of Provident Financial Group - PFGI Capital

Corporation Investor Relations, [phone], or [phone], or





Web site:  http://www.providentbank.com/



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