Company Profile For Provident Bankshares Corporation

Provident Bankshares Corporation is the bank holding company for Provident Bank (Provident or the Bank). The Bank serves individuals and businesses through a network of banking offices and automated teller machines (ATMs) in Maryland, Virginia, and southern York County, Pennsylvania. Related financial services are offered through its wholly owned subsidiaries. Securities brokerage, investment management and related insurance services are available through Provident Investment Company and leases through Court Square Leasing. During the year ended December 31, 2008, the banking office network consisted of 78 traditional banking office locations and 64 in-store banking offices. The network of 64 in-store banking offices is located in a range of supermarkets and national retail superstores. On May 23, 2009, M&T Bank Corporation announced that it has completed its acquisition of the Company and the merger of Provident Bank into M&T Bank, M&T Bank Corporation's principal banking subsidiary.

BRIEF: For the three months ended 31 March 2009, Provident Bankshares Corporation's net interest income fell 25% to $65.8M. Net interest loss after LLP totaled $630K vs. an income of $41.9M. Net loss applicable to Common totaled $70.9M up from $17.6M. Net interest income reflects a fall in net interest income due to a reduction in net interest margin and higher provision for loan losses. Net loss also reflects lower service charges on deposit accounts.