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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): June 24, 1999
THE PROVIDENT BANK
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(Exact name of registrant as specified in its charter)
Ohio 333-67593 31-0412725
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(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
One East Fourth Street
Cincinnati, Ohio 45202
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (513) 579-2000
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<PAGE>
Item 5. Other Events.
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Incorporation of Certain Documents by Reference
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Pursuant to Rule 411 of Regulation C under the Securities Act of 1933
and in reliance on MBIA Insurance Corporation and Subsidiaries, SEC No-Action
Letter (September 6, 1996), the Company will incorporate by reference the
financial statement of MBIA Insurance Corporation and Subsidiaries ("MBIA")
into the Company's registration statement (File No. 333-67593). The financial
statements will be referred to in the prospectus supplement relating to the
Provident Bank Home Equity Loan Trust 1999-2, Home Equity Loan Asset-Backed
Certificates, Series 1999-2. In connection with the incorporation of such
documents by reference, The Provident Bank is hereby filing the consent of
PricewaterhouseCoopers LLP to the use of their name in such prospectus
supplement. The consent of PricewaterhouseCoopers LLP is attached hereto as
Exhibit 23.
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Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23. Consent of PricewaterhouseCoopers LLP
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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
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Name: Kevin M. Shea
Title: Vice President
Dated: June 24, 1999
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Exhibit Index
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Exhibit
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Page
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23. The Consent of PricewaterhouseCoopers LLP.................6
EXHIBIT 23: CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement of
The Provident Bank relating to Provident Bank Home Equity Loan Trust 1999-2,
of our report dated February 2, 1999, on our audits of the consolidated
financial statements of MBIA Insurance Corporation and Subsidiaries as of
December 31, 1998 and 1997 and for each of the three years in the period ended
December 31, 1998. We also consent to the reference to our Firm under the
caption "Experts".
\s\ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
June 24, 1999
