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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): February 19, 2001
PROVIDENT BANKSHARES CORPORATION
(Exact name of registrant as specified in charter)
MARYLAND 0-16421 52-1518642
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
114 EAST LEXINGTON STREET, BALTIMORE, MARYLAND 21202
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (410) 277-7000
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEMS 1, 2, 3, 4, 6, 7, 8 AND 9. NOT APPLICABLE.
ITEM 5. OTHER EVENTS.
On February 19, 2001, Provident Bankshares Corporation ("Provident")
reached an agreement to buy back all of the 1,407,157 Provident shares held by
Mid-Atlantic Investors and its affiliates ("Mid-Atlantic") at a price of
$23.8568387 per share. As part of the agreement, Mid-Atlantic agreed to refrain
from taking certain actions with respect to Provident, including making
shareholder proposals. A copy of the press release regarding the purchase, and
the agreement between Provident and Mid-Atlantic, are attached hereto as
Exhibits 99.1 and 99.2, respectively.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PROVIDENT BANKSHARES CORPORATION
By: /s/ Peter M. Martin
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Peter M. Martin
Chairman of the Board and Chief Executive
Officer
Date: February 20, 2001
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press release dated February 20, 2001.
99.2 Stock Purchase Agreement dated as of February 19, 2001
between Provident and Mid-Atlantic Investors.
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