THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING SUBMITTED
PURSUANT TO RULE 901(d) OF REGULATION S-T EXHIBIT 25.3
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) /_/
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation if (I.R.S. employer
not a U.S. national bank) identification no.)
48 Wall Street 10286
New York, N.Y. (Zip code)
(Address of principal
executive offices)
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PROVIDENT BANCORP, INC.
(Exact name of obligor as specified in its charter)
Ohio 31-0982792
(State or other (I.R.S. employer
jurisdiction of identification no.)
incorporation or
organization)
One East Fourth Street 45202
Cincinnati, Ohio (Zip Code)
(Address of principal
executive offices)
__________________
Guarantee of Capital Securities of
Provident Capital Trust I
(Title of the indenture securities)
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1. General information. Furnish the following information as to the
Trustee:
(a) Name and address of each examining or supervising authority
to which it is subject.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street
New York New York, N.Y. 10006, and
Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza
New York, N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None. (See Note on page 3.)
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the
Commission, are incorporated herein by reference as an exhibit
hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939
(the "Act") and Rule 24 of the Commission's Rules of Practice.
1. A copy of the Organization Certificate of The Bank of New
York (formerly Irving Trust Company) as now in effect, which
contains the authority to commence business and a grant of
powers to exercise corporate trust powers. (Exhibit 1 to
Amendment No. 1 to Form T-1 filed with Registration
Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed
with Registration Statement No. 33-21672 and Exhibit 1 to
Form T-1 filed with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4
to Form T-1 filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the
Act. (Exhibit 6 to Form T-1 filed with Registration
Statement No. 33-44051.)
7. A copy of the latest report of condition of the Trustee
published pursuant to law or to the requirements of its
supervising or examining authority.
NOTE
Inasmuch as this Form T-1 is filed prior to the ascertainment by the
Trustee of all facts on which to base a responsive answer to Item 2, the
answer to said Item is based on incomplete information.
Item 2 may, however, be considered as correct unless amended by an
amendment to this Form T-1.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in The City of New
York, and State of New York, on the 24th day of January, 1997.
THE BANK OF NEW YORK
By: /S/STEPHEN J. GIURLANDO
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Name: STEPHEN J. GIURLANDO
Title: ASSISTANT VICE PRESIDENT
Exhibit 7
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of 48 Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September
30, 1996, published in accordance with a call made by the Federal Reserve
Bank of this District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts
in Thousands
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ASSETS
Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin . . . . $ 4,404,522
Interest-bearing balances . . . 732,833
Securities:
Held-to-maturity securities . . 789,964
Available-for-sale securities . 2,005,509
Federal funds sold in domestic
offices of the bank:
Federal funds sold . . . . . . . 3,364,838
Loans and lease financing
receivables:
Loans and leases, net of
unearned income . . . . . . . 28,728,602
LESS: Allowance for loan and
lease losses . . . . . . . . . 584,525
LESS: Allocated transfer risk
reserve . . . . . . . . . . . 429
Loans and leases, net of
unearned income, allowance,
and reserve . . . . . . . . . 28,143,648
Assets held in trading accounts . 1,004,242
Premises and fixed assets
(including capitalized leases) 605,668
Other real estate owned . . . . . 41,238
Investments in unconsolidated
subsidiaries and associated
companies . . . . . . . . . . . 205,031
Customers' liability to this
bank on acceptances outstanding 949,154
Intangible assets . . . . . . . . 490,524
Other assets . . . . . . . . . . 1,305,839
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Total assets . . . . . . . . . . $44,043,010
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Dollar Amounts
in Thousands
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LIABILITIES
Deposits:
In domestic offices . . . . . . $20,441,318
Noninterest-bearing . . . . . . 8,158,472
Interest-bearing . . . . . . . 12,282,846
In foreign offices, Edge and
Agreement subsidiaries, and
IBFs . . . . . . . . . . . . . 11,710,903
Noninterest-bearing . . . . . . 46,182
Interest-bearing . . . . . . . 11,664,721
Federal funds purchased in
domestic offices of the bank:
Federal funds purchased . . . . 1,565,288
Demand notes issued to the U.S.
Treasury . . . . . . . . . . . 293,186
Trading liabilities . . . . . . . 826,856
Other borrowed money:
With original maturity of one
year or less . . . . . . . . . 2,103,443
With original maturity of more
than one year . . . . . . . . 20,766
Bank's liability on acceptances
executed and outstanding . . . 951,116
Subordinated notes and debentures 1,020,400
Other liabilities . . . . . . . . 1,522,884
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Total liabilities . . . . . . . . $40,456,160
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EQUITY CAPITAL
Common stock . . . . . . . . . . 942,284
Surplus . . . . . . . . . . . . . 525,666
Undivided profits and capital
reserves . . . . . . . . . . . 2,129,376
Net unrealized holding gains
(losses) on available-for-sale
securities . . . . . . . . . . (2,073)
Cumulative foreign currency
translation adjustments . . . . (8,403)
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Total equity capital . . . . . . 3,586,850
Total liabilities and equity -----------
capital . . . . . . . . . . . . $44,043,010
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I, Robert E. Keilman, Senior Vice President and Comptroller
of the above-named bank do hereby declare that this Report of Condition has
been prepared in conformance with the instructions issued by the Board of
Governors of the Federal Reserve System and is true to the best of my
knowledge and belief.
Robert E. Keilman
We, the undersigned directors, attest to the correctness of
this Report of Condition and declare that it has been examined by us and to
the best of our knowledge and belief has been prepared in conformance with
the instructions issued by the Board of Governors of the Federal Reserve Sys-
tem and is true and correct.
J. Carter Bacot
Thomas A. Renyi Directors
Alan R. Griffith
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