People on the Move


March 30, 2004

Banking and Finance

Umstead, Satteson, Box are named Provident VPs

Provident Bank appointed Avis Arnette Umstead senior vice president, Karl A. Satteson as vice president and retail sales manager, and Kimberly Box as vice president.

Umstead will head the bank's credit risk review department. She will manage the evaluation of the credit risk management process. Formerly with Riggs Bank, the Tufts University graduate lives in Ellicott City.

Satteson is assigned to Provident Investment Co. subsidiary, where he manages a group of financial advisers for the Maryland, Washington and Virginia area. A resident of Catonsville, he is a graduate of Susquehanna University and was formerly with BB&T Investment Services.

Box is assigned to the strategic directions division. She will identify and develop strategic business and technology proposals and recommendations. Formerly with Allfirst Bank, the Relay resident is a graduate of Catonsville Community College.

Miglioretti, Craten advance at SunTrust

SunTrust Bank, Maryland appointed Darlene Miglioretti to head its private banking group and named John G. Craten a senior financial planner in its private client services group.

Miglioretti, formerly with the bank's business banking division, supervises managers of dedicated relationships. Craten is a certified financial planner and will have offices in Baltimore.

Formerly director of financial planning at Harvest Investment Consultants, the Baltimore Architectural Engineering Institute graduate is active with the Financial Planners Association.

Paal is an associate at Heritage Financial

Heritage Financial Consultants LLC said Katherine B. Paal joined the Lutherville-based firm as an associate. She provides financial guidance to clients.

A certified trust and financial planner, she is a member of the Baltimore Estate Planning Council, the Financial Planning Association of Maryland and is active with the Junior League.

She holds an M.B.A. from Loyola College and is on the faculty of the graduate business school at the Johns Hopkins University.

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