1
================================================================================
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): May 18, 2004
PROVIDENT BANKSHARES CORPORATION
(Exact name of registrant as specified in charter)
MARYLAND 0-16421 52-1518642
(State or other (Commission File (IRS Employer
jurisdiction of 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)
================================================================================
2
ITEM 5. OTHER EVENTS
On May 18, 2004, Georgia S. Derrico and R. Roderick Porter advised
Provident Bankshares Corporation ("Provident") that they would not be assuming
the seats on Provident's Board of Directors to which they were recently
appointed following the consummation of Provident's acquisistion of Southern
Financial Bancorp, Inc. ("Southern").
Ms. Derrico and Mr. Porter indicated that they decided to forego
joining Provident's Board of Directors in order to focus on pursuing other
opportunities following Southern's merger with Provident. Accepting their
resignations, Provident Chairman and CEO Gary Geisel stated that "Georgia and
Rod did an outstanding job of building Southern and leading it throughout the
transition to Provident. While we will miss their guidance as Board members, we
are pleased that the senior management of Southern continues to play a
meaningful role in the leadership and management of the combined Provident and
Southern organization. We thank Rod and Georgia for all of their efforts and
wish them well."
2
3
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/ Gary N. Geisel
-------------------------------------------------
Gary N. Geisel
Chairman of the Board and Chief Executive Officer
Date: May 21, 2004
3