MIDWEST

Provident Bank in Cincinnati has promoted senior vice presidents Mark Magee, Vince Rinaldi, and Steven Walsh to executive vice president.

Mr. Magee heads the legal department. He has been the bank's general counsel since 1985. Before that he had been a member of the legal department of American Financial Corp. of Cincinnati.

Mr. Rinaldi is head of small-ticket and mid-ticket equipment leasing. He remains president of Provident's Information Leasing Corp., which he had cofounded in 1984 and of which he had been chairman and chief executive officer until Provident bought it in 1996. Earlier he had worked at Xerox Corp. for 11 years.

Mr. Walsh heads retail banking. That job makes him responsible for consumer lending, business banking, financial center sales and services, auto leasing, e-commerce, and Internet development. Before joining Provident in 1996 he had been the president of Bank One of Athens, Ohio, where he had started his financial services career in 1991. He had come to Bank One from Procter & Gamble Co., in whose finance department he had worked since 1985.

Provident Bank is the principal subsidiary of $13 billion-asset Provident Financial Group Inc. in Cincinnati.


MIDDLE ATLANTICBear, Stearns & Co. in New York has hired Louis P. Friedman, head of media and communications mergers and acquisitions at Donaldson, Lufkin & Jenrette Inc., as a senior managing director and co-head of its own M&A group.

He was also named to the management committee of Bear Stearns' telecommunications, media, and technology group.

Mr. Friedman worked for six years at DLJ. He advised Deutsche Telekom on its deal for VoiceStream Wireless Corp. and played a role in Qwest Communications International Inc.'s acquisition of US West Inc. this year.

Before joining DLJ he had been a managing director at the investment banking company Wasserstein Perella & Co. Still earlier he had worked for two years in the mergers and acquisitions group at First Boston Corp., now Credit Suisse First Boston Corp.


Delaware Distributors LP of Philadelphia has put Gregory C. Supple in charge of New England sales of retirement products, mutual funds, and annuities through national wirehouses and regional firms.The company is the distribution arm of Lincoln National Corp.'s asset management subsidiary Delaware Investments.

Mr. Supple did the same kind of work for Pioneer Investment Management Inc. as a regional vice president in Kansas City, Mo., covering Kansas, Nebraska, Iowa, and western Missouri. Earlier he ran sales in the Pacific Northwest for Pioneer Funds Distributors Inc. in Boston, another unit of Boston's Pioneer Group.

He began his career as a service representative at Fidelity Investments in Boston.

Lincoln National Corp., which bought Delaware in 1995, is best known for its flagship Lincoln National Life Insurance Co., the nation's 12th-largest insurance company.


SOUTHEASTBanc of America Securities in Charlotte, N.C., has hired three executives from Wachovia Securities Inc. to join its municipal finance unit.

Scott Wooster is a vice president specializing in municipal sales at the Bank of America Corp. subsidiary. He held a similar post at Wachovia for six years. He is based in San Francisco and reports to Carl Richardson, institutional sales manager.

Anthony Posthauer is a managing director and a senior trader. He held a similar position at Wachovia, where he worked for 18 years. He is based in Charlotte and reports to Curt Hagfeldt, head of municipal sales, trading, and underwriting.

William Johnson is a managing director of public finance. He was a senior vice president of investment banking at Wachovia for eight years. He is based in Atlanta and reports to Craig Hunter, Florida and Georgia team leader.


Freddie Mac in McLean, Va., has named Vaughn A. Clarke as chief financial officer and promoted him to executive vice president .He had held the job since March on an interim basis. He had joined Freddie two years ago from Viacom Inc, where he had been treasurer and a senior vice president.

Mr. Clarke, 47, was Freddie's senior vice president of finance, responsible for developing and managing long-term financial operating plans and budgets.

In his broader role as CFO he is responsible for financial strategy and performance as well as control and finance functions including corporate accounting; management reporting; financial analysis; tax, investor, and financial relations; and planning and budgeting.

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