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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)
August 25, 1997
COMMISSION FILE NO.: 0-16421
Provident Bankshares Corporation
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(Exact name of registrant as specified in its charter)
Maryland 52-1518642
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
114 East Lexington Street, Baltimore, Maryland 21202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (410) 281-7000
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Item 5. Other Events.
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On August 22, 1997, Provident Bankshares Corporation (the
"Company") consummated its acquisition of First Citizens Financial Corporation
("First Citizens") whereby First Citizens was merged with and into the Company
Under the tems of the Agreement, holders of First Citizens common
stock will receive .7665 shares of common stock of the Company. The transaction
will be accounted for as a pooling of interests.
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Item 7. Exhibits.
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Exhibit 99 Press Release
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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.
/s/ Carl W. Stearn
By:-------------------------------
Carl W. Stearn
Chairman of the Board and Chief
Executive Officer
Dated: August 25, 1997