WASHINGTON, June 18 (Reuters) - Provident Bankshares Corp (PBKS.O: Quote, Profile, Research) said on Wednesday up to 4.8 million common stock issued in an April 2008 private placement may be resold.

The Maryland-based bank will not receive any proceeds from the sale, it told the U.S. Securities and Exchange Commission.

The bank issued the shares in a private placement that was completed on April 14. "We do not know when or in what amounts the selling shareholders may offer shares for sale. The selling shareholders may sell any or all of the shares offered by this prospectus," the company said in an SEC filing. (Reporting by Julie Vorman; editing by Jeffrey Benkoe)