UNITED STATES
                       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): January 16, 2008


                        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)

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
              ---------------------------------------------

             On January 16, 2008, Provident Bankshares Corporation announced its
financial results for the quarter and fiscal year ended December 31, 2007. The
press release announcing financial results for the quarter and fiscal year ended
December 31, 2007 is attached as Exhibit 99.1 and incorporated herein by
reference.

         On January 16, 2008, in conjunction with its earnings release,
Provident Bankshares Corporation is making available supplemental financial
information regarding the Company. The supplemental financial information is
also being posted on the Company's website at www.provbank.com. The supplemental
financial information includes a comparative analysis of average balances and
changes in tax equivalent net interest income and asset quality detail for the
covered periods. Also included in the supplemental financial information are the
Company's unaudited Consolidated Statement of Income for the three and twelve
months ended December 31, 2007 and 2006 and the unaudited Consolidated Statement
of Condition as of December 31, 2007 and 2006. The supplemental financial
information is filed as Exhibit 99.2 and incorporated herein by reference.

ITEM 9.01     FINANCIAL STATEMENTS AND OTHER EXHIBITS
              ---------------------------------------

              Exhibit 99.1      Press Release dated January 16, 2008
              Exhibit 99.2      Supplemental Financial Information




                                   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/ Robert L. Davis
                                            -----------------------------------
                                            Robert L. Davis
                                            General Counsel

Date:  January 16, 2008