BALTIMORE, Nov. 17 /PRNewswire-FirstCall/ -- On November 17, 2005,
Provident Bankshares Corporation (Nasdaq: PBKS), the parent company of
Provident Bank, received notice from the Nasdaq Stock Market that the filing
of its Form 10-Q for the period ended September 30, 2005 has brought the
Company into compliance with Nasdaq Marketplace Rule 4310(c)(14). Nasdaq
Marketplace Rule 4310(c)(14) requires the Company to file with Nasdaq copies
of all reports and other documents filed with the SEC on or before the date
they are required to be filed with the SEC. Compliance with Marketplace Rule
4310(c)(14) is necessary for continued listing of the Company's common stock
on the Nasdaq Stock Market. As previously announced, the Company delayed the
filing of its Form 10-Q for the period ended September 30, 2005 past its due
date. On November 16, 2005, this delay caused Nasdaq to issue a Staff
Determination letter indicating Provident's non-compliance with Marketplace
Rule 4310(c)(14). The Form 10-Q for the third quarter was filed on November
17, 2005, and as a result, the Nasdaq Staff has determined that the Company is
in compliance with Marketplace Rule 4310(c)(14) and the matter is now closed.
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: Melissa P. Kelly, +1-410-277-2080, both of
Provident Bankshares Corporation
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