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): June 24, 1998
THE PROVIDENT BANK
(Exact name of registrant as specified in its charter)
Ohio 333-45369 31-0412725
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
One East Fourth Street
Cincinnati, Ohio 45202
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (513) 579-2000
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Item 5. Other Events.
Incorporation of Certain Documents by Reference
In connection with the offering of the Provident Bank Home Equity Loan
Trust 1998-2, Home Equity Loan Asset-Backed Certificates by The Provident Bank
(the "Company") and pursuant to Rule 411 of Regulation C under the Securities
Act of 1933 and in reliance on MBIA Insurance Corporation, SEC No-Action
Letter (September 6, 1996), the Company will incorporate by reference the
financial statement of MBIA Insurance Corporation ("MBIA") into the Company's
registration statement (File No. 333-45369). The financial statements will be
referred to in the prospectus supplement relating to the Company's Home Equity
Loan Asset-Backed Certificates, Series 1998-2. In connection with the
incorporation of such documents by reference, the Company is hereby filing the
consent of Coopers & Lybrand L.L.P. ("Coopers & Lybrand") to the use of their
name in such prospectus supplement. The consent of Coopers & Lybrand is
attached hereto as Exhibit 23.
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Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23. The Consent of Coopers & Lybrand.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE PROVIDENT BANK
By: /s/ Kevin M. Shea
Name: Kevin M. Shea
Title: Vice President
Dated: June 24, 1998
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Exhibit Index
Exhibit Page
23. The Consent of Coopers & Lybrand ...................6
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EXHIBIT 23: CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in this Prospectus Supplement, of
our report dated February 3, 1998 on our audits of the consolidated financial
statements of MBIA Insurance Corporation and Subsidiaries as of December 31,
1997 and 1996, and for each of the three years in the period ended December
31, 1997. We also consent to the reference to our Firm under the caption
"Experts".
\s\ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
New York, New York
June 23, 1998
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