Allen L. Davis, who has led Provident Financial Group as president and chief executive for the past 14 years, said Thursday he would retire May 1.

Mr. Davis, 56, will be succeeded by Robert L. Hoverson, senior vice president of Provident. Mr. Hoverson, himself a 14-year veteran of the $9.3 billion-asset company, will also assume Mr. Davis' titles of president and CEO of the Provident Bank, its major subsidiary.

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