Provident Bank of Maryland

Provident Bank of Maryland was a bank in the U.S. state of Maryland. Provident Bank was the last largest independent commercial bank still headquartered in Maryland by the early 2000s, after the previous decade's Wayne of mergers which reduced the names and independent operations of most Baltimore banks to branch offices of larger, more affluent financial corporations and holding companies. Provident at the end with more than $6.4 billion in assets had also grown in its domestic home-grown reputation. Provident grew over the previous century, operating in total 143 branches in the Middle Atlantic states of Maryland, Pennsylvania, Virginia and Washington, D.C. Upon entering the Washington, D.C. and Virginia markets, the bank began to operate as "Provident Bank". Provident Bank was now a subsidiary of the bank holding operation of Provident Bankshares Corporation.

The bank was founded as the Provident Savings Bank of Baltimore in 1886. Provident was one of the first banks to operate in-store small bank branches that are located within grocery stores, operated by the locally based Rite Aid (Read's) drug store chain that branched into food retail supermarkets in the 1970s. In 2007, Provident Bank made a $500,000 gift to Villa Julie College in north suburban Baltimore County in the county seat of western Towson. In the next few years, the formerly female, small business and secretarial college, began greatly expanding its curriculum and campus, changing its name to Stevenson College, for the name of the area and old road in its vicinity.

After almost going under in 1983, Provident brought in two men who were willing to risk their careers to help revitalize the old savings bank; Carl Stern and Peter M. Martin.

Making a name for itself in the city's financial and civic community by creating a downtown landmark headquarters building like most of the other traditional powerhouse banks, Provident purchased and did a very good historic preservation/restoration project of the former Federal Reserve Bank of Richmond's Baltimore Branch building at the northwest corner of North Calvert and East Lexington Streets across from the city's iconic symbol, the Battle Monument in the mid-1980s.

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