FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BYRNES KEVIN G 		2. Issuer Name and Ticker or Trading Symbol

PROVIDENT BANKSHARES CORP [ (PBKS) ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Pres & Chief Operating Officer
(Last)          (First)          (Middle)

114 EAST LEXINGTON STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/23/2009
(Street)

BALTIMORE, MD 21202
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/23/2009     D    19348   D   (1) 0.0000   D  
 
Common Stock   5/23/2009     D    8083.9834   D   (2) 0.0000   I   By 401(k)  
Common Stock   5/23/2009     D    625   D   (3) 0.0000   I   By Stock Award II  
Common Stock   5/23/2009     D    1042   D   (4) 0.0000   I   By Stock Award III  
Common Stock   5/23/2009     D    43551   D   (5) 0.0000   I   By Stock Award V  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   $23.4500   5/23/2009     D        50000    11/4/2003   (6) 11/4/2012   Common Stock   50000   $0   0   D  
 
Non-Qualified Stock Option (right to buy)   $33.6600   5/23/2009     D        16000    2/16/2006   (7) 2/16/2013   Common Stock   16000   $0   0   D  
 
Non-Qualified Stock Options (right to buy)   $36.0000   5/23/2009     D        13255    2/15/2007   (8) 2/15/2014   Common Stock   13255   $0   0   D  
 
Non-Qualified Stock Options (right-to-buy)   $32.2200   5/23/2009     D        30000    2/18/2004   (9) 2/18/2014   Common Stock   30000   $0   0   D  
 
Stock Options (right to buy)   $35.7000   5/23/2009     D        20477    2/21/2008   (10) 2/21/2015   Common Stock   20477   $0   0   D  
 

Explanation of Responses:
( 1)  Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 3,320 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.
( 2)  Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 1,387 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.
( 3)  Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 107 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.
( 4)  Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 178 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.
( 5)  Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 7,474 shares of M&T Bank Corporation common stock having a market value of $46.73 per share on the closing date of the merger.
( 6)  This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 8,581 shares of M&T Bank Corporation common stock for $136.64 per share.
( 7)  This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 2,746 shares of M&T Bank Corporation common stock for $196.13 per share.
( 8)  This option, which provided for vesting in four annual installments commencing on February 15, 2007, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 2,274 shares of M&T Bank Corporation common stock for $209.76 per share.
( 9)  This option, which was fully vested and exercisable, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 5,148 shares of M&T Bank Corporation common stock for $187.73 per share.
( 10)  This option, which provided for vesting in four annual installments commencing on February 21, 2008, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 3,514 shares of M&T Bank Corporation common stock for $208.01 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BYRNES KEVIN G
114 EAST LEXINGTON STREET
BALTIMORE, MD 21202 		X
Pres & Chief Operating Officer

Signatures
By: Robert L. Davis, Power of Attorney 5/23/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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