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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
Reported): December 23, 1998
THE PROVIDENT BANK
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(Exact name of registrant as specified in its charter)
Ohio 333-62595 31-0412725
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(State or Other Jurisdiction of (Commission File (I.R.S. Employer
Incorporation) Number) Identification No.)
One East Fourth Street
Cincinnati, Ohio 45202
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (513) 579-2000
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Item 5. Other Events.
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Incorporation of Certain Documents by Reference
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Pursuant to Rule 411 of Regulation C under the Securities Act of 1933 and
in reliance on MBIA Insurance Corporation, SEC No-Action Letter (September 6,
1996), the Company will incorporate by reference the financial statement of
MBIA Insurance Corporation ("MBIA") into the Company's registration statement
(File No. 333-62595). The financial statements will be referred to in the
prospectus supplement relating to the Company's Home Equity Loan Asset-Backed
Certificates, Series 1998-4. In connection with the incorporation of such
documents by reference, the Company is hereby filing the consent of
PricewaterhouseCoopers LLP to the use of their name in such prospectus
supplement. The consent of PricewaterhouseCoopers LLP is attached hereto as
Exhibit 23.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23. Consent of PricewaterhouseCoopers LLP
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
THE PROVIDENT BANK
By: /s/ Kevin Shea
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Name: Kevin M. Shea
Title: Vice President
Dated: December 23, 1998
Exhibit Index
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Exhibit Page
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23. The Consent of PricewaterhouseCoopers LLP......................6
EXHIBIT 23: CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement of The
Provident Bank relating to Provident Bank Home Equity Loan Trust 1998-4, of our
report dated February 3, 1998, on our audits of the consolidated financial
statements of MBIA Insurance Corporation and Subsidiaries as of December 31,
1997 and 1996 and for each of the three years in the period ended December 31,
1997. We also consent to the reference to our firm under the caption "Experts".
\s\ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
New York, New York
December 23, 1998