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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Provident Bankshares Corporation
___________________________________________________
(Name of Issuer)
Common Stock par value $1.00 per share
___________________________________________________
(Title of Class of Securities)
743859
___________________________________________________
(CUSIP Number)
Check the following box if a fee is being paid with this statement | |. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SEC 1745 (2-95)
Page 1 of 5 pages
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________________________________________________________________________________
CUSIP NO. 743859 13G Page 2 of 5 Pages
________________________________________________________________________________
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Provident Bank of Maryland
Employee Stock Ownership Plan
IRS ID No. 52-0451620
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
_
(a) |_|
(b) |_|
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Employee stock benefit plan of Maryland chartered stock trust company.
________________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF -0-
SHARES ___________________________________________________________
6 SHARED VOTING POWER
BENENFICIALLY -0-
OWNED BY ___________________________________________________________
7 SOLE DISPOSITIVE POWER
EACH -0-
REPORTING ___________________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON -0-
WITH
________________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
________________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
________________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.00% of 7,897,337 shares of Common Stock outstanding
as of December 31, 1995.
________________________________________________________________________________
12 TYPE OF REPORTING PERSON*
EP
________________________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
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PROVIDENT BANK OF MARYLAND
EMPLOYEE STOCK OWNERSHIP PLAN
SCHEDULE 13G
Item 1(a) Name of Issuer:
Provident Bankshares Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
114 East Lexington Street
Baltimore, Maryland 21202
Item 2(a) Name of Person Filing:
Provident Bank of Maryland
Employee Stock Ownership Plan
Trustee: Robert L. Davis, General Counsel and Secretary
R. Wayne Hall, Controller
114 East Lexington Street
Baltimore, Maryland 21202
Item 2(b) Address of Principal Business Offices or, if none, Residence:
114 East Lexington Street
Baltimore, Maryland 21202
Item 2(c) Citizenship:
Employee stock benefit plan of Maryland chartered stock trust
company
Item 2(d) Title of Class of Securities: Common Stock par value $1.00 per share
Item 2(e) CUSIP Number: 743859
Item 3 The person filing this statement is an employee benefit plan which
is Subject to the provisions of the Employee Retirement Income
Security Act of 1974.
Item 4 Ownership. As of December 31, 1995, the reporting person
beneficially owned no shares of the issuer. This number of shares
represents 0.00% of the common stock, par value $1.00, of the
issuer, based upon 7,897,337 shares of such common stock
outstanding as of December 31, 1995.
Page 3 of 5 pages
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Item 5 Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the benefical
owner of more than five percent of the class of securities, check
the following |X|.
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
N/A
Item 8 Identification and Classification of Members of the Group.
N/A
Item 9 Notice of Dissolution of Group.
N/A
Page 4 of 5 pages
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Item 10 Certification.
N/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 14, 1996
____________________________________________
(Date)
/s/ Robert L. Davis
____________________________________________
(Signature)
General Counsel and Secretary
____________________________________________
(Name/Title)
Page 5 of 5 pages
