BALTIMORE, Nov. 5 /PRNewswire-FirstCall/ -- Provident Bankshares
Corporation (Nasdaq: PBKS), the parent company of Provident Bank, today
announced that it will be a presenter at the Sandler O'Neill & Partners, L.P.
Financial Services Conference being held in Palm Beach Gardens, Florida from
November 12-14, 2003.
Provident's Chairman and CEO Gary N. Geisel and CFO Dennis Starliper will
discuss the Company's strategies and results, including the recently announced
merger with Southern Financial Bancorp. Provident's presentation will take
place at 1:10 p.m. on Thursday, November 13, 2003.
The conference can be attended by invitation only, however, Provident's
presentation may be accessed live via web cast or audio conference. The web
cast may be accessed at the Sandler O'Neill web site at http://www.sandleroneill.com.
The audio conference may be accessed by dialing 800-239-8730. Callers must
reference the Sandler O'Neill Conference and indicate that they would like to
listen to Session 3. Slides used for the presentation will be available on
Provident's web site at http://www.provbank.com.
Provident Bankshares Corporation is the holding company for Provident
Bank, the second largest independent commercial bank headquartered in
Maryland. With $5.0 billion in assets, Provident serves individuals and
businesses in the Baltimore-Washington corridor through a network of 116
banking offices in Maryland, Northern Virginia, and southern York County, Pa.
Provident Bank also offers related financial services through wholly owned
subsidiaries. Mutual funds, annuities and insurance products are available
through Provident Investment Company and leases through Court Square Leasing
and Provident Lease Corp. Visit Provident on the web at http://www.provbank.com.
Provident Bankshares Corporation and Southern Financial Bancorp, Inc. will
be filing a joint proxy statement/prospectus and other relevant documents
concerning the merger with the United States Securities and Exchange
Commission (the "SEC").
WE URGE INVESTORS TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY
OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, BECAUSE THEY CONTAIN
IMPORTANT INFORMATION.
Investors will be able to obtain these documents free of charge at the
SEC's web site (http://www.sec.gov). In addition, documents filed with the SEC by
Provident Bankshares Corporation will be available free of charge from the
Investor Relations Department at Provident Bankshares Corporation, 114 East
Lexington Street, Baltimore, Maryland 21202. Documents filed with the SEC by
Southern Financial Bancorp, Inc. will be available free of charge from the
Investor Relations Department at Southern Financial Bancorp, Inc., 37 East
Main Street, Warrenton, Virginia 20186.
The directors, executive officers, and certain other members of management
of Provident Bankshares Corporation and Southern Financial Bancorp, Inc. may
be soliciting proxies in favor of the merger from the companies' respective
shareholders. For information about these directors, executive officers, and
members of management, shareholders are asked to refer to the most recent
proxy statements issued by the respective companies, which are available on
their web sites and at the addresses provided in the preceding paragraph.
FORWARD-LOOKING STATEMENTS AND ASSOCIATED RISK FACTORS
This release, and the associated conference call, web cast, other written
materials, and statements management may make, may contain certain forward-
looking statements regarding the Company's prospective performance and
strategies within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
The Company intends such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and is including this statement for
purposes of said safe harbor provisions.
Forward-looking statements, which are based on certain assumptions and
describe future plans, strategies, and expectations of the Company, are
generally identified by use of the words "plan," "believe," "expect,"
"intend," "anticipate," "estimate," "project," or other similar expressions.
The Company's ability to predict results or the actual effects of its plans
and strategies is inherently uncertain. Accordingly, actual results may differ
materially from anticipated results.
The following factors, among others, could cause the actual results of the
merger to differ materially from the expectations stated in this release and
the associated conference call and web cast: the ability of the companies to
obtain the required shareholder or regulatory approvals of the merger; the
ability of the companies to consummate the merger; the ability of Southern
Financial to timely complete its acquisition of Essex Bancorp, Inc.; the
ability to successfully integrate the companies following the merger; a
materially adverse change in the financial condition of either company; the
ability to fully realize the expected cost savings and revenues; and the
ability to realize the expected cost savings and revenues on a timely basis.
Other factors that could cause the actual results of the merger to differ
materially from current expectations include a change in economic conditions;
changes in interest rates, deposit flows, loan demand, real estate values, and
competition; changes in accounting principles, policies, or guidelines;
changes in legislation and regulation; and other economic, competitive,
governmental, regulatory, geopolitical, and technological factors affecting
the companies' operations, pricing, and services.
The Company undertakes no obligation to update these forward-looking
statements to reflect events or circumstances that occur after the date on
which such statements were made.
SOURCE Provident Bankshares Corporation
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Related links:
http://www.provbank.com
Company News On-Call:
http://www.prnewswire.com/comp/721938.html
CONTACT:
Media - Lillian Kilroy, +1-410-277-2833, or
Investment Community - Josie Porterfield, +1-410-277-2889, both
of Provident Bankshares
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