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Provident Bankshares Announces Annual Meeting Date

    BALTIMORE, Feb. 3 /PRNewswire-FirstCall/ -- Provident Bankshares
Corporation (Nasdaq: PBKS), the parent company of Provident Bank, announced
today that the Corporation's annual meeting of stockholders will be held on
Wednesday, May 17, 2006 at 10:00 AM local time. The meeting will be held at
Provident's offices at 250 North Calvert Street, Baltimore, Maryland.

    About Provident Bankshares Corporation
    Provident Bankshares Corporation is the holding company for Provident
Bank, the second largest independent commercial bank headquartered in
Maryland. With $6.4 billion in assets, Provident serves individuals and
businesses in the key urban areas of Baltimore, Washington and Richmond
through a network of 152 offices in Maryland, Virginia, and southern York
County, PA. Provident Bank also offers related financial services through
wholly owned subsidiaries. Securities brokerage, investment management and
related insurance services are available through Provident Investment Center
and leases through Court Square Leasing and Provident Lease Corp. Visit
Provident on the web at http://www.provbank.com.


SOURCE Provident Bankshares Corporation




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    CONTACT:
    Media: Lillian Kilroy, +1-410-277-2833; or
    Investment Community: Melissa P. Kelly, +1-410-277-2080, both of
    Provident Bankshares Corporation