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): November 15, 2005
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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
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On November 15, 2005, Provident Bankshares Corporation ("Provident"
or the "Company") announced that it has revised the previously released
financial results for the quarter ended September 30, 2005 and is restating its
financial statements for the quarters ended June 30, 2005 and March 31, 2005,
and for the year ended December 31, 2004. As reported in the Company's Form 8-K
filed with the SEC on November 14, 2005, this action is the result of a just
completed review related to the accounting treatment that the Company has
applied to certain derivative instruments that are covered under Financial
Accounting Standards (FAS) 133, "Accounting for Derivative Instruments and
Hedging Activities." Unrelated to the foregoing, Provident will also revise its
accounting relative to an executive severance agreement applicable to the
quarter ended June 30, 2005. The Company's press release announced that the
Company would be filing its Form 10-Q for the quarter ended September 30, 2005
in the very near future. A copy of the Company's press release related to the
revised financial results is attached hereto as Exhibit 99.1 and the information
contained therein is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND OTHER EXHIBITS
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Exhibit 99.1 Press Release dated November 15, 2005
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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
/s/ Gary N. Geisel
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Gary N. Geisel
Chairman and Chief Executive Officer
Date: November 15, 2005
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