- Statement of Changes in Beneficial Ownership (4)

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	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	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 * WALDYCH KENNETH J	2. Issuer Name and Ticker or Trading Symbol PROVIDENT BANKSHARES CORP [ (PBKS) ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) EVP & Sr. Credit Off. of Subs.
(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		5051	D	(1)	0.0000	D
Common Stock	5/23/2009		D		220	D	(2)	0.0000	I	By Stock Award
Common Stock	5/23/2009		D		3238	D	(3)	0.0000	I	By Stock Award IV
Common Stock	5/23/2009		D		2770	D	(4)	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)	$37.0100	5/23/2009		D			5000	4/19/2007   (5)	4/19/2014	Common Stock	5000	$0	0	D
Stock Options (right to buy)	$35.7000	5/23/2009		D			8670	2/21/2008   (6)	2/21/2015	Common Stock	8670	$0	0	D
Stock Options (right to buy)	$32.6600	5/23/2009		D			1500	9/19/2008   (7)	9/19/2015	Common Stock	1500	$0	0	D
Stock Options (right to buy)	$17.3700	5/23/2009		D			20000	2/20/2009   (8)	2/20/2016	Common Stock	20000	$0	0	D
Stock Options (right to buy)	$7.0400	5/23/2009		D			19869	8/20/2009   (9)	8/20/2016	Common Stock	19869	$0	0	D
Stock Options (right to buy)	$21.9600	5/23/2009		D			1500	12/19/2008   (10)	12/19/2017	Common Stock	1500	$0	0	D

Explanation of Responses:
( 1)	Disposed of pursuant to merger agreement between issuer and M&T Bank Corporation in exchange for 866 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 37 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 555 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 475 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)	This option, which provided for vesting in four annual installments commencing on April 19, 2007, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 858 shares of M&T Bank Corporation common stock for $215.64 per share.
( 6)	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 1,487 shares of M&T Bank Corporation common stock for $208.01 per share.
( 7)	This option, which provided for vesting in four annual installments commencing on September 19, 2008, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 257 shares of M&T Bank Corporation common stock for $190.30 per share.
( 8)	This option, which provided for vesting in four annual installments commencing on February 20, 2009, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 3,432 shares of M&T Bank Corporation common stock for $101.21 per share.
( 9)	This option, which provided for vesting in four annual installments commencing on August 20, 2009, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 3,410 shares of M&T Bank Corporation common stock for $41.02 per share.
( 10)	This option, which provided for vesting in four annual installments commencing on December 19, 2008, was assumed by M&T Bank Corporation in the merger and replaced with an option to purchase 257 shares of M&T Bank Corporation common stock for $127.95 per share.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WALDYCH KENNETH J 114 EAST LEXINGTON STREET BALTIMORE, MD 21202			EVP & Sr. Credit Off. of Subs.

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).
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